The Lede
Top National News
Will Amazon Take Over Mortgage Lending?
OC Register (Calif.), Sept. 27, 2018--Jeff LazersonAnthony Hsieh, founder and CEO of Orange County-based Loan Depot, believes it's not if, but when the likes of Amazon or Google get into the mortgage business. What happens then?
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Originations Soar, Staff Expands at Fairway
Mortgage Daily, Sept. 27, 2018Quarterly loan originations soared at Fairway Independent Mortgage Corp., while payroll grew. Although the servicing portfolio retreated, it was up from a year previous.
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Commercial/Mortgage Debt Outstanding Up in Q2
National Mortgage Professional, Sept. 27, 2018--Phil HallCommercial and multifamily mortgage debt outstanding swelled by $52.3 billion in the second quarter, according to new data from the Mortgage Bankers Association. The second quarter was 1.6 above the first quarter's debt outstanding.
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As #MeToo Engulfs Capitol Hill, FHFA’s Watt Feels the Heat
National Mortgage News, Sept. 27, 2018--Hannah Lang (subscription)On a day when the nation was engrossed by the testimony of Christine Blasey Ford and Supreme Court nominee Brett Kavanaugh, a similar dynamic was at play across the Capitol at a House hearing for Federal Housing Finance Director Mel Watt.
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NAR: Pending Home Sales Fall for Eighth Consecutive Month
HousingWire, Sept. 27, 2018--Alcynna LloydPending home sales have now fallen on an annual basis for eight consecutive months in August, according to the latest report from the National Association of Realtors.
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Manhattan Builders’ 5-Year Plan: 33,000 New Rentals and Condos
Bloomberg, Sept. 27, 2018--Oshrat CarmielThere's a surplus of homes in Manhattan, and here come tens of thousands more.
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Fannie Mae, Freddie Mac Tighten Capital Rules for PMI Companies
National Mortgage News, Sept. 27, 2018--Brad Finkelstein (subscription)Fannie Mae and Freddie Mac issued new capital requirements for private mortgage insurers that will create big swings in carriers' asset reserves.
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Lenders Could See Purchase Growth as Home Inventory Hits 2018 High
National Mortgage News, Sept. 27, 2018--Elina Tarkazikis (subscription)Lenders may start to see more homebuyers enter the market as the number of homes for sale is higher than at any point this year, according to Trulia.
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