Category: Top National News

Mortgage Daily, July 24, 2018A pair of co-issue flow offerings for servicing rights on agency mortgages could ultimately give the successful bidder servicing on more than $1 billion in loans.

HousingWire, July 24, 2018–Kelsey RamirezWhile FICO and VantageScore have been locked into an intense competition while the FHFA makes its decision, they both agreed on one thing–the postponement is disappointing.

HousingWire, July 24, 2018–Alcynna LloydThe additions are expected to further enhance AMC’s client service capabilities by offering securitization underwriting for loan types, including non-qualified mortgages, agency high balance, single-family rental, jumbo, fix-and-flip and small balance commercial real estate, and permit the review of seasoned re-performing, non-performing and performing assets.

National Real Estate Investor, July 24, 2018–Patricia KirkWhile new office construction has been robust so far in 2018, next year developers might begin pulling back, according to David Bitner, head of Americas capital markets research with Cushman & Wakefield. He cited rising construction costs, concerns about the end of the real estate cycle and zoning issues as the reasons.

Commercial Observer, July 23, 2018–Allison StatemanCalifornia is a state prone to natural disasters from earthquakes and mudslides to wildfires. In addition to myriad other effects, this has become a real estate concern.

National Mortgage News, July 23, 2018–Bonnie Sinnock (subscription)The limited number of places where mortgage servicers can operate without a license is getting even smaller due to state regulators’ growing concerns about Consumer Financial Protection Bureau deregulation and the increased market share of nonbanks.

National Mortgage News, July 23, 2018–Ted Tozer (subscription)Former Ginnie Mae President, now with the Milliken Institute, asserts the government-sponsored enterprises are actually overcharging the low-income borrowers and first-time homebuyers they’re supposed to be helping.

HousingWire, July 23, 2018–Jeremiah JensenThe online retailer will begin to manage properties for landlords of single-family rental properties and multifamily housing developments via its new property management site, Houserie.

American Banker, July 23, 2018–Andy Peters (subscription)Flush with capital and anxious about the impact of rising interest rates on monthly loan payments, more commercial real estate investors than ever are paying off their bank loans before they mature.

Mortgage Daily, July 23, 2018Freddie Mac economists slashed their estimate of industry-wide originations by more than $200 billion over the next three years.