Category: Top National News

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.

Wall Street Journal, June 30, 2018–Mengqi Sun, Leslie Scism (subscription)Major Atlantic Ocean hurricanes, California wildfires and Mexico earthquakes made 2017 one of the costliest years ever for insurers. But even that slate of disasters wasn’t enough to dent insurers’ fat capital cushions.

RESPA News, June 29, 2018 (Subscription)MBA launched its Certified Mortgage Compliance Professional Certificate and Designation program (CMCP). The designation was created to recognize the achievements of individuals in the real estate finance industry for their commitment to having a compliant workplace, specifically in the mortgage industry.

National Mortgage news, June 29, 2018–Bonnie Sinnock (subscription)The company that holds Washington Mutual’s legacy business can move ahead with its plan buy a controlling interest in Nationstar Mortgage now that both companies’ shareholders have approved the deal.

HousingWire, June 29, 2018–Jessica GuerinResearch from Freddie Mac reveals homeownership rates among young adults 24 to 35 has dropped and isn’t likely to pick up any time soon.

UExpress, June 29, 2018–Lew SichelmanAs too many homeowners have learned after a major loss, obtaining a full and fair settlement from their insurance companies isn’t a given.