Finance & Commerce (Minn.), Nov. 4, 2019–William MorrisThe dispute arises over so-called “disparate impact” housing discrimination–policies that do not explicitly prefer one demographic over another but nonetheless have an adverse …
Category: Top National News
Private-Label MBS Reaches 12-Year High, Sans NINJAs
HousingWire, Nov. 4, 2019–Kathleen HowleyThe private-label mortgage-backed securities market is having its biggest year since 2007 as lenders including JPMorgan Chase, Caliber and Angel Oak try to take on behemoths …
CIS Acquires Alliance 2020 Mortgage Unit
National Mortgage Professional, Nov. 4, 2019–Phil HallCIS Credit Solutions, a credit reporting agency serving the mortgage industry, has acquired the Mortgage Solutions Business of Alliance 2020 Inc.https://nationalmortgageprofessional.com/news/72829/acquires-alliance-2020-mortgage-unit
Federal Reserve Survey Shows Demand for Business Loans Weakened in Third Quarter
Wall Street Journal, Nov. 4, 2019–Kate Davidson (subscription)Demand for business loans weakened in the third quarter as bank customers dialed back their plans for new plant and equipment investment, according …
Getting Down-Payment Assistance May Not Make People More Likely to Default on their Mortgages, After All
MarketWatch, Nov. 4, 2019–Jacob PassyReceiving financial assistance with a down payment won’t increase the chances of a home owner defaulting on their mortgage, according to a new study prepared for …
Is the U.S. on the Verge of its Biggest Housing Boom Ever?
The Mortgage Reports, Nov. 4, 2019–Erik J. MartinMortgage rates remain low. As a result, demand for homes has surged this year. It’s causing an epic housing shortage in the U.S. …
Risky Mortgage Bonds Are Back and Delinquencies Are Piling Up
Bloomberg News, Nov. 4, 2019–Claire BostonThe subprime mortgage-backed bond may be dead in America a decade after it helped trigger the global financial crisis, but a security with some of …
Pressure Grows on Adminsitration to Fill Fed, FDIC Seats
American Banker, Nov. 3, 2019–Neil Haggerty (subscription)The Federal Reserve has become one of President Trump’s favorite targets. He frequently taunts Fed Chairman Jerome Powell. But at the same time, the …
People Are Staying in Their Homes Longer—a Big Reason for Slower Sales
Wall Street Journal, Nopv. 3, 2019–Laura Kusisto (subscription)U.S. homeowners are staying in their residences much longer than before, keeping a glut of housing inventory off the market, which helps explain …
Joe Tyrrell: Ellie Mae, Innovation and Moving Forward
Mortgage Media, Nov. 4, 2019Tom Wilkins of Mortgage Media was at the MBA annual event in Austin, Texas and sat down with Joe Tyrrell, COO of Ellie Mae. Tyrrell has …