Category: Top National News

Wall Street Journal, June 16, 2018–Christina Rexrode (subscription)Though the former head of lender Countrywide Financial Corp. is regarded by many as one of the chief villains of the housing crisis, Mozilo says he and his company had nothing to do with it.

National Mortgage News, June 15, 2018–Paul Centopani (subscription)Maintenance and renovations aren’t keeping up with the nation’s aging housing stock, creating an influx of obsolete properties that’s adding further strain to an already tight inventory of homes for sale.

National Mortgage News, June 15, 2018–Hannah Long (subscription)As with anything in housing finance reform, analyzing a proposed capital framework for Fannie Mae and Freddie Mac starts with these massive caveats: the government-sponsored enterprises are still in conservatorship, and long-term reform is still way out of reach.

HousingWire, June 15, 2018–Ben LaneThe final approval comes nearly a year after the settlement received preliminary approval by the judge overseeing the lawsuit, and more than a year after the settlement was first announced.

Mortgage Daily, June 15, 2018Unpaid principal balance of Ginnie Mae mortgage-backed securities was $1.9597 trillion as of May 31.

Mortgage Daily, June 18, 2018The U.S. Mortgage Market Index from Mortgage Daily for the week ended June 15 increased 13 percent.

Reuters, June 15, 2018–Howard SchneiderU.S. industrial production fell slightly in May amid a sharp drop in manufacturing output, the Federal Reserve said on Friday.

National Mortgage News, June 14, 2018–Glenn McCullom (subscription)”It is no surprise that the Fed continues to raise short-term rates,” said the Mortgage Bankers Association’s Chief Economist Mike Fratantoni in a statement. “The economy is growing quickly because of tax cuts and more government spending, the unemployment rate is at an 18-year low and inflation has picked up.”

Scotsman Guide, June 14, 2018—Victor WhitmanMortgage applications for new homes fell in May, another sign that for-sale inventories aren’t keeping pace with buyer demand, the Mortgage Bankers Association reported.

National Mortgage Professional, June 14, 2018–Phil HallThe delinquency rates for commercial and multifamily mortgage loans were virtually unchanged from the fourth quarter of last year to the first quarter of this year, the according to the latest Commercial/Multifamily Delinquency Report issued by the Mortgage Bankers Association.