UExpress, Nov. 8, 2019–Lew SichelmanFor the uninitiated, ADUs are basically small houses or apartments that are built on the same lot as a larger single-family house. They can take the …
Category: Top National News
Record Business for the Newest Mortgage Insurers in the Third Quarter
National Mortgage News, Nov. 8, 2019–Brad Finkelstein (subscription)The two newest private mortgage insurance companies had their best quarters ever for new insurance written, aided by the increase in consumers refinancing …
Fed’s Brainard Says Climate Change Might Have Implications for Neutral Interest Rate
Wall Street Journal, Nov. 8, 2019–Paul Kiernan (subscription)Federal Reserve governor Lael Brainard said the central bank is ramping up its efforts to understand the implications of climate change for monetary …
Climate Change Could End Mortgages as We Know Them
CBS News, Nov. 8, 2019–Irina IvanovaClimate change could punch a hole through the financial system by making 30-year home mortgages–the lifeblood of the American housing market–effectively unobtainable in entire regions …
Young Homebuyers Are Vanishing From the U.S.
Bloomberg, Nov. 8, 2019–Reade PickertFaced with higher property prices and piles of student debt, Americans are getting older and older before they buy a home.https://www.bloomberg.com/news/articles/2019-11-08/young-homebuyers-vanish-from-u-s-as-median-purchasing-age-jumps?srnd=premium
Taylor Morrison Acquiring William Lyon Homes in Deal that Creates 5th-Largest Home Builder
HousingWire, Nov. 7, 2019–Maleesa SmithTaylor Morrison is expanding again with another billion-dollar acquisition. This time, Taylor Morrison is set to acquire of one of the nation’s largest homebuilders in the …
Zillow Says Home-Flipping Will Pull In $1 Billion, Sending Shares Higher
Wall Street Journal, Nov. 7, 2019–Maria Armental (subscription)Shares of Zillow Group Inc. rose 9% in after-hours trading as the company said its home-flipping business is expected to generate as much …
Commercial and Multifamily Originations Surge in 3Q
HousingWire, Nov. 7, 2019–Kelsey RamirezCommercial and multifamily originations surged in the third quarter, the latest Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations from the Mortgage Bankers Association said.https://www.housingwire.com/articles/commercial-and-multifamily-originations-surge-in-q3/
Unique Challenges in Lending and Servicing
MReport, Nov. 1, 2019–Seth WelbornMarcia Davies, MBA COO and mPower founder, spoke with MReport at the 2019 Five Star Conference and Expo about what lies ahead for mortgage professionals in …
Reporter’s Notebook: Fog the Mirror Mortgages are Back
Orange County Register, Nov. 7, 2019–Jeff LazersonHere are some of my observations from Mortgage Bankers Association convention I attended in Austin last month: 1) One exhibit hall lender offered primary …