MarketWatch, Jan. 13, 2020–Sanjiv DasThe author, with Caliber Home Loans, shares five predictions for the U.S. housing market that counter conventional wisdom.https://www.marketwatch.com/story/5-ways-the-housing-market-will-surprise-us-all-in-2020-2020-01-13
Category: Top National News
FHA Wants Banks Back. Updating Servicing Could Be the Answer
American Banker, Jan. 13, 2020–Hannah Lang (subscription)The Federal Housing Administration has been trying to woo banks back to its program with the promise of lighter False Claims Act enforcement and …
How Multifamily Can Help the ‘Affordability Crisis’
Mortgage Professional America, Jan. 13, 2020–Kimberly GreeneMultifamily originations for 2018 totaled $339 billion, according to the Mortgage Bankers Association, and volume in 2019 was expected to reach $364 billion. Recently, …
Mortgage Credit Availability Took December Plunge
National Mortgage Professional, Jan. 13, 2020–Phil HallMortgage credit availability ended 2019 with a whimper, according to the Mortgage Credit Availability Index report published by the Mortgage Bankers Association.https://nationalmortgageprofessional.com/news/73495/mortgage-credit-availability-took-december-plunge
New U.S. Rule Limits When Two Companies Share Liability for Labor-Law Violations
Wall Street Journal, Jan. 12, 2020–Eric Morath (subscription)A new Labor Department rule will make it more difficult for workers to claim to have two employers simultaneously in cases where they …
Vision Settles New York Predatory Lending Allegations for $3.75M
National Mortgage News, Jan. 10, 2020–Brad Finkelstein (subscription)Vision Property Management has settled accusations made by New York regulators of predatory lending practices for a total of $3.75 million in cash …
‘We Need to Be a Technology Company.’ Wells Fargo Struggles With Aging Systems
Wall Street Journal, Jan. 11, 2020–Rachel Louise Ensign (subscription)The bank has struggled to update old systems, making it harder to satisfy regulators and hampering key businesses.https://www.wsj.com/articles/we-need-to-be-a-technology-company-wells-fargo-struggles-with-aging-systems-11578738600?mod=lead_feature_below_a_pos1
New York Governor Vetoes Reverse Mortgage Co-op Bill
Reverse Mortgage Daily, Jan. 12, 2020–Matt H. WadeNew York State Senate Bill S03686, which was drafted in February of 2019 and which passed both the Senate and State Assembly in …
Deciding to Downsize
Forbes, Jan. 11, 2020 Baby Boomers (Americans born between 1946 and 1964) are sitting on over $6 trillion of home equity, according to the Mortgage Bankers Association.https://www.forbes.com/sites/chasehomelending/2020/01/10/deciding-to-downsize/#514cb92d31dc
The Listing Site You’ve Never Heard of
UExpress, Jan. 10, 2020–Lew SichelmanYou may never have heard of Homesnap, but it is now the No. 1-rated agent mobile app and desktop site, with traffic up 40 percent in …