Category: Top National News

National Mortgage Professional, July 2, 2018–Phil HallKathy Kraninger, President Trump’s choice to serve as the next Director of the Consumer Financial Protection Bureau, will receive a confirmation hearing before the Senate Banking Committee on July 19.

HousingWire, July 2, 2018–Kelsey RamirezThe Federal Reserve announced Monday that it is extending the stress test filing deadline by one year for some of the nation’s largest banks.

Mortgage Daily, July 2, 2018–Sam GarciaThis year has been busy for mergers and acquisitions in the mortgage industry so far.

Mortgage Daily, July 2, 2018Fannie Mae, Freddie Mac and Ginnie Mae reported $99.571 billion in fixed-rate mortgage backed securities issued during June.

National Mortgage News, July 2, 2018–Paul Centopani (subscription)Commercial and multifamily mortgage debt outstanding grew $44.3 billion during the first three months of 2018, the largest first-quarter gain since before the Great Recession, according to the Mortgage Bankers Association.

HousingWire, July 2, 2018–Jeremiah JensenIt’s the underdog story of the decade. Class-C is now on top of the multifamily food chain, boasting tighter occupancy rates than Class-B and Class-A, according to a report from RealPage.

Urban Institute, July 2, 2018–Laurie Goodman, Bhargavi GaneshIn a research brief, the authors say increasing the annual supply of the one of the most affordable types of housing, manufactured housing, from the 93,000 units produced in 2017 could ease the country’s severe shortage of affordable housing.

National Mortgage News, June 29, 2018–Brad Finkelstein (subscription)Ditech Holding Corp. is considering selling itself, just over four months after the lender emerged from bankruptcy protection.

HousingWire, June 29, 2018–JT GaiettoThe author, with Richey Mae & Co., says lenders cannot afford a “wait and see” approach to dealing with new compliance challenges. Data privacy laws are accelerating, and lenders that lag behind them could be left in the dust for good.

American Banker, June 29, 2018–Mary Wisniewski (subscription)It’s far from the first time a bank has been accused of preventing consumers from using fintech apps. But the news that a security update from Capital One has resulted in a major data aggregator being blocked from porting some bank data to other apps for more than a month marks a disturbing turn for financial innovation.