Category: Top National News

HousingWire, Oct. 9, 2018–Ben LaneThe company announced Tuesday morning that it completed a $30 million Series A equity and debt round, which was led by Andreessen Horowitz (a16z) with participation from Caffeinated Capital, Scifi Ventures and DFJ.

Mortgage Professional America, Oct. 8, 2018–Steve RandallLending standards for conventional mortgage loans eased in September but were offset by tighter standards in government-backed loans. That meant an overall tightening of lending according to the Mortgage Bankers Association’s Mortgage Credit Availability Index.

National Mortgage News, Oct. 8, 2018–Paul Centopani (subscription)Delinquencies will be on the rise and Veterans Affairs loans have greater density within FEMA-declared disaster zones from Hurricane Florence, according to Black Knight.

Mortgage Daily, Oct. 8, 2018–Sam GarciaMore than two dozen events are on the Mortgage Daily Mortgage Conference Calendar for the final quarter of this year.

Bloomberg, Oct. 8, 2018–Sridhar NatarajanGoldman Sachs Group Inc. is looking to restrain the rapid expansion of its online lending platform as the firm grows more cautious on the consumer debt market that’s a key area of growth.

National Mortgage News, Oct. 5, 2018–Bonnie Sinnock (subscription)Nonbank mortgage brokers and lenders employed 345,500 people in August, according to the Bureau of Labor Statistics. There were 345,300 people employed by nonbank mortgage production companies in July, when employment had dropped after three months of consecutive seasonal gains.

Wall Street Journal, Oct. 5, 2018–Esther Fung (subscription)The lawsuit, which also alleged wrongful termination and pay discrimination, was filed last year against Bruce Schanzer, CEO and president of Cedar Realty Trust Inc., a real-estate investment trust based in Port Washington, N.Y., that owns 61 shopping centers.

UExpress, Oct. 5, 2018–Lew SichelmanIt often takes 10 weeks for wannabe homebuyers to find the right house–sometimes much longer, if they’re in a part of the country with low inventory.

Orange County Register, Oct. 7, 2018–Jeff LazersonIs renting a better move than buying? Is staying put a better move than selling your residence to buy that McMansion you’ve been eyeing? Here are some rent-vs.-buy comparisons at three different price points. (MBA mention)

Wall Street Journal, Oct. 5, 2018–Emily Glazer (subscription)JPMorgan Chase & Co. is laying off about 400 employees in its consumer mortgage banking division as parts of the market slow down, people familiar with the matter said.