Dallas News, Mar. 5, 2019–Steve BrownHome remodeling is expected to grow over the next two years as more of the nation’s homeowners elect to fix up rather than sell off the roofs over their heads.
Category: Top National News
First-Time Homebuyer Market at Pre-Crisis Level
National Mortgage Professional, Mar. 5, 2019–Phil HallThe first-time homebuyer market recorded 2.07 million purchases in 2018, putting at a level that has not been seen since 2006, according to a new report from Genworth Mortgage Insurance Corp.
Dems Urge CFPB to Reinstate Military Lending Exams
American Banker, Mar. 5, 2019–Rachel Witkowski (subscription)Senate Democrats sent a letter Tuesday asking the the Consumer Financial Protection Bureau to reinstate examinations of lenders for compliance with the Military Lending Act.
Why NY Denied the FNF-Stewart Deal
The Title Report, Mar. 5, 2019 (subscription)The New York Department of Financial Services wrote Fidelity National Financial Chief Compliance Officer Paul Perez on Jan. 31, detailing its response to the proposed acquisition of Stewart Title by FNF.
CBRE Grows Valuation Business by Acquiring Florida Valuation Group
HousingWire, Mar. 5, 2019–Ben LaneCBRE is growing its commercial real estate valuation business, as the company announced this week that it acquired Florida Valuation Group, a commercial real estate appraisal firm that specializes in right-of-way appraisal and litigation support for eminent domain proceedings in Florida and the Southeast.
Community Bankers Brace for Rough Year–and Tougher 2020
American Banker, Mar. 5, 2019–Ken McCarthy (subscription)A recent survey conducted by Promontory Interfinancial Network found that nearly 40% of community bankers believe business conditions will worsen over the next 12 months. Less than a quarter of the 447 bankers surveyed in early January said they believed things would get better.
The Lineup Hotseat: Trish Gregovich, Tournament Director, Ellie Mae Classic
HousingWire, Mar. 4, 2019The Ellie Mae Classic is part of the PGA Tour’s qualifying Web.com Tour and benefts the MBA Opens Doors Foundation, the Warriors Community Foundation, Youth on Course and The First Tee. We spoke with Trish Gregovich, Tournament Director, to fnd out more about the Ellie Mae-PGA Tour collaboration.
Why Baby Boomer Homeownership is Growing Faster than Millennials
National Mortgage News, Mar. 4, 2019–Elina Tarkazikis, Austin Kilgore (subscription)While millennials today comprise the largest cohort of homebuyers, the aging baby boomer generation has created 7.86 million more homeowners and 2.82 million renters age 60 and older–growth rates higher than any other demographic.
American Mortgage Consultants Buys Third Party Title Search Firm
National Mortgage News, Mar. 4, 2019–Bonnie Sinnock (subscription)American Mortgage Consultants has acquired title search outsourcer String Real Estate Information Services as part of ongoing efforts to support all the services secondary-market clients need to conduct trades.
REITs Take On New Shine Amid Fed’s Softened View on Rates
Wall Street Journal, March 4, 2019 –Jessica Menton (subsription)The Federal Reserve’s dovish tilt this year has been a boon for real estate shares that had been pressured by a threat of higher interest rates. Investors are scooping up REIT shares because of their large dividends and strong earnings growth.