HousingWire, Sept. 27, 2018–Alcynna LloydPending home sales have now fallen on an annual basis for eight consecutive months in August, according to the latest report from the National Association of Realtors.
Category: Top National News
Manhattan Builders’ 5-Year Plan: 33,000 New Rentals and Condos
Bloomberg, Sept. 27, 2018–Oshrat CarmielThere’s a surplus of homes in Manhattan, and here come tens of thousands more.
Fannie Mae, Freddie Mac Tighten Capital Rules for PMI Companies
National Mortgage News, Sept. 27, 2018–Brad Finkelstein (subscription)Fannie Mae and Freddie Mac issued new capital requirements for private mortgage insurers that will create big swings in carriers’ asset reserves.
Lenders Could See Purchase Growth as Home Inventory Hits 2018 High
National Mortgage News, Sept. 27, 2018–Elina Tarkazikis (subscription)Lenders may start to see more homebuyers enter the market as the number of homes for sale is higher than at any point this year, according to Trulia.
Mortgage Applications Rise 2.9% as Interest Rates Move Even Higher
CNBC, Sept. 26, 2018–Diana OlickTotal mortgage application volume rose 2.9 percent last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 15.5 percent lower than the same week one year ago, when interest rates were nearly a full percentage point lower.
CFPB Report on Data Collection is Silent on Threat of Breaches
National Mortgage News, Sept. 26, 2018–Kate Berry (subscription)The Consumer Financial Protection Bureau this week issued a report and a request for information as part of an effort to assess the effectiveness of how data is collected, used and reused.
Fannie Mae Launches Challenge for Healthy Affordable Housing Solutions
Housing Wire, Sept. 26, 2018–Alcynna LloydThe Call for Ideas on Healthy Affordable Housing is an extension of the company’s Innovation Challenge, which is a key component of Fannie Mae’s Sustainable Communities Initiative.
Diversity and Inclusion is a Men’s Issue, Too
American Banker, Sept. 26, 2018–LeeAnne B. Linderman (subscription)Whether you call it “power” or “influence,” men in our industry have the majority of “it.” That is why men must own diversity and inclusion–and follow the examples of those who already do.
Caution: Potential Inverted Yield Curve Ahead
National Real Estate Investor, Sept. 26, 2018–Beth Mattson-TeigThis week’s Federal Reserve Board meeting is once again shining a spotlight on rising interest rates and what has remained a stubbornly flat yield curve.
Freddie to Buy Shared Equity Mortgages
Mortgage Daily, Sept. 26, 2018In an effort to support homeownership in low-to mid-income markets, Freddie Mac will join its secondary mortgage cousin in purchasing shared-equity mortgages.