Mortgage Daily, Sept. 27, 2018Quarterly loan originations soared at Fairway Independent Mortgage Corp., while payroll grew. Although the servicing portfolio retreated, it was up from a year previous.
Category: Top National News
Commercial/Mortgage Debt Outstanding Up in Q2
National Mortgage Professional, Sept. 27, 2018–Phil HallCommercial and multifamily mortgage debt outstanding swelled by $52.3 billion in the second quarter, according to new data from the Mortgage Bankers Association. The second quarter was 1.6 above the first quarter’s debt outstanding.
As #MeToo Engulfs Capitol Hill, FHFA’s Watt Feels the Heat
National Mortgage News, Sept. 27, 2018–Hannah Lang (subscription)On a day when the nation was engrossed by the testimony of Christine Blasey Ford and Supreme Court nominee Brett Kavanaugh, a similar dynamic was at play across the Capitol at a House hearing for Federal Housing Finance Director Mel Watt.
NAR: Pending Home Sales Fall for Eighth Consecutive Month
HousingWire, Sept. 27, 2018–Alcynna LloydPending home sales have now fallen on an annual basis for eight consecutive months in August, according to the latest report from the National Association of Realtors.
Manhattan Builders’ 5-Year Plan: 33,000 New Rentals and Condos
Bloomberg, Sept. 27, 2018–Oshrat CarmielThere’s a surplus of homes in Manhattan, and here come tens of thousands more.
Fannie Mae, Freddie Mac Tighten Capital Rules for PMI Companies
National Mortgage News, Sept. 27, 2018–Brad Finkelstein (subscription)Fannie Mae and Freddie Mac issued new capital requirements for private mortgage insurers that will create big swings in carriers’ asset reserves.
Lenders Could See Purchase Growth as Home Inventory Hits 2018 High
National Mortgage News, Sept. 27, 2018–Elina Tarkazikis (subscription)Lenders may start to see more homebuyers enter the market as the number of homes for sale is higher than at any point this year, according to Trulia.
Mortgage Applications Rise 2.9% as Interest Rates Move Even Higher
CNBC, Sept. 26, 2018–Diana OlickTotal mortgage application volume rose 2.9 percent last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 15.5 percent lower than the same week one year ago, when interest rates were nearly a full percentage point lower.
CFPB Report on Data Collection is Silent on Threat of Breaches
National Mortgage News, Sept. 26, 2018–Kate Berry (subscription)The Consumer Financial Protection Bureau this week issued a report and a request for information as part of an effort to assess the effectiveness of how data is collected, used and reused.
Fannie Mae Launches Challenge for Healthy Affordable Housing Solutions
Housing Wire, Sept. 26, 2018–Alcynna LloydThe Call for Ideas on Healthy Affordable Housing is an extension of the company’s Innovation Challenge, which is a key component of Fannie Mae’s Sustainable Communities Initiative.