Category: Top National News

MarketWatch, Sept. 17, 2018–Taylor White Owning a home, that time-honored life milestone, used to simply be what you did as an adult in America, and for many people home ownership was the ultimate indicator of life success and social status. But times have changed.

Wall Street Journal, Sept. 17, 2018–Nick Timiraos (subscription)Clarida will serve as the No. 2 to Fed Chairman Jerome Powell, who administered the oath of office. Mr. Clarida was nominated to a four-year term as vice chairman in April by President Trump, and the Senate confirmed his nomination in August on a 69-26 vote.

Mortgage Daily, Sept. 17, 2018Fannie Mae now says expected business from all U.S. residential lenders is projected to reach a trough in the first quarter of next year, when mortgage originations are anticipated to fall to $338 billion.

Mortgage Daily, Sept. 17, 2018As monthly issuance ascended to the highest level in nine months at Ginnie Mae, jumbo securitizations retreated to a low not seen in nearly four years.

National Mortgage News, Sept. 17, 2018–Penny Crossman (subscription)LoanDepot CEO Anthony Hsieh delivered a bracing message to mortgage lenders on Monday–strong new competitors are coming into this market, so they need to expand their offerings.

Wall Street Journal, Sept. 18, 2018–Laura Kusisto (subscription)Finding temporary housing for thousands of North Carolinians displaced by Hurricane Florence could prove more difficult than it was for those uprooted by other recent U.S. storms and hurricanes.

National Mortgage News, Sept. 17, 2018–Kate Berry (subscription)The Consumer Financial Protection Bureau is revamping a program to encourage innovation in consumer disclosures after an earlier effort drew little industry interest.

Mortgage News Daily, Sept. 14, 2018–Jann SwansonWhile applications for financing new home purchases declined in August, the Mortgage Bankers Association is predicting a bump in the month’s new home sales.

MarketWatch, Sept. 14, 2018–Andrea RiquierAmerican homeowners have amassed a record $6 trillion in equity in their properties, a figure boosted by surging home prices and a trend of owners staying put longer. But rising interest rates and caution resulting from the housing troubles of a decade ago are limiting how much of that equity is getting tapped. (MBA mention)

New York Times, Sept. 14, 2018–Ronda KaysenBrokers say that Zestimates can be off base, but that doesn’t stop sellers from obsessing over what the website says their home is worth.