Category: Top National News

American Banker, Oct. 24, 2018–Kate Berry (subscription)”If you look from 2012 to today, credit has gotten looser, particularly with respect to greater availability of low-down payment loans,” said Mike Fratantoni, chief economist and a senior vice president at the Mortgage Bankers Association.

Bloomberg, Oct. 25, 2018–Scott LanmanThe housing market is one of the few sectors of the U.S. economy that isn’t sharing in the recent pickup in growth. Purchases are slowing down, builders aren’t building so much, and some people are even reluctant to post their properties for sale.

American Banker, Oct. 24, 2018–Hannah Lang (subscription)The Federal Reserve Board will release a proposed framework next week on how it will supervise large banks following enactment of a recent law that provided some institutions with regulatory relief.

Mortgage Daily, Oct. 24, 2018Quarterly originations slowed at Guild Mortgage Co., though year-to-date volume ascended to a record high. The servicing portfolio also reached a new record, and staffing hasn’t changed much over the past year.

National Real Estate Investor, Oct. 24, 2018–Beth Mattson-TeigCommercial mortgage-backed securities lenders are working harder to retain market share in a highly competitive sector where the overall pie for conduit lending doesn’t appear to be getting any bigger.

HousingWire, Oct.23, 2018–Clayton CollinsLast week, the mortgage industry gathered in Washington D.C. for three hard-charging days of meetings, demos and general sessions at MBA Annual. Speakers dug deep into forecasted growth in purchase market and GSE conservatorship. Anthony Hsieh and Bill Emerson shared perspectives on Amazon entering the mortgage industry and some viewpoints on the wholesale market.

National Mortgage Professional, Oct. 23, 2018–Phil HallThe new body, which will replace the MBA’s Investor Council, is designed to formulate ideas about investment in commercial real estate debt. It will also present information on market trends and develop best practices and industry standards. Council members will include professionals from life insurance companies, banks, securitized lenders, debt funds and government-backed capital sources.

National Mortgage News, Oct. 23, 2018–Brad Finkelstein (subscription)Despite an overall weak mortgage originations market, Flagstar Bancorp’s third-quarter earnings grew 20%, due in large part to its ongoing efforts to diversify operations.

Bloomberg Businessweek, Oct. 23, 2018–Prashant Ghopal, Noah BuhayarFor some Californians, the state’s punishing housing costs, high taxes, and constant threat of natural disaster have all become too much. They’re making their escape to areas such as Boise, Phoenix, and Reno, Nev., fueling some of the biggest home-price gains in the country.

Wall Street Journal, Oct. 23, 2018–Multiple Staff (subscription)President Trump escalated his attacks on Federal Reserve Chairman Jerome Powell, saying the head of the nation’s central bank threatened U.S. economic growth and appeared to enjoy raising interest rates.