Category: Top National News

National Mortgage News, Aug. 15, 2018–Elina Tarkazikis (subscription)As housing affordability continues eroding on growing property values and mortgage rates, nearly a quarter of millennials believe they need to delay having children to afford a home purchase, according to ValueInsured.

HousingWire, Aug. 15, 2018–Kelsey RamirezHome remodeling continues to increase in frequency as more Baby Boomers are electing to age in place and even Gen Xers opt to improve their current homes rather than trading up to newer ones.

National Real Estate Investor, Aug. 15, 2018–Beth Mattson-TeigForeign capital continues to pour into U.S. real estate. Transactions led by cross-border buyers jumped 27 percent during the first half of the year compared to overall investment sales that rose just 2 percent during that period, Real Capital Analytics reported.

Mortgage Daily, Aug. 15, 2018Ginnie Mae II mortgages account for 12,194 loans for $2.285 billion, Fannie Mae A/A loans make up 5,694 units for $0.869 billion, and there are just 85 Fannie Mae MRS loans for $0.019 billion.

Mortgage Daily, Aug. 16, 2018Quarterly volume of home lending turned sharply higher at USA Mortgage. Also expanding was the number of people on the mortgage banking firm’s payroll.

HousingWire, Aug. 15, 2018–Jacob GaffneyThe way in which the mortgage lending industry treats refinance borrowers turned into a finger-pointing session this week.

Bloomberg, Aug. 16, 2018–Jeremy HillShipments of manufactured homes to dealers bottomed out in 2009 and have climbed in almost every year since then, according to Census Bureau data. This year, they’re expected to cross the 100,000-unit mark for the first time in more than a decade.

American Banker, Aug. 15, 2018–Joe Adler (subscription)The Senate Banking Committee has rescheduled a vote on Kathy Kraninger, the administration’s nominee to run the Consumer Financial Protection Bureau to Aug. 23.

American Banker, Aug. 14, 2018–Bonnie Sinnock (subscription)The companies decided to withdraw their merger application after struggling to secure regulatory approval. The timeline has “remained unclear,” Atlantic Bay said in a press release.

Wall Street Journal, Aug. 14, 2018–Josh Zumbrun (subscription)Gradually rising interest rates have yet to dent Americans’ appetite for borrowing, with the total stock of new debt climbing to $13.3 trillion in the second quarter, continuing a gradual rise in household borrowing over the past four years, the Federal Reserve Bank of New York said.