Category: Top National News

National Mortgage News, Aug. 29, 2018–Paul Centopani (subscription)With spring homebuying in bloom, the second quarter brought profits to independent mortgage bankers after going negative for the second time ever, according to the Mortgage Bankers Association.

National Mortgage News, Aug. 29, 2018–Hannah Long (subscription)More than three years after a Supreme Court ruling validated “disparate impact” as a legal argument in fair-lending cases, the banking industry and housing advocacy groups are still at odds over how to interpret the decision.

Mortgage Daily, Aug. 29, 2018A more than 20-basis-point drop in delinquency on securitized commercial real estate loans left the rate at its lowest level in nine years, said Moody’s Investors Service.

Mortgage Daily, Aug. 29, 2018An ongoing inadequate supply of residential properties for sale has pushed prospective homebuyers to a tipping point and driven down year-over-year listings seven months in a row, the National Association of Realtors said.

Reuters, Aug. 29, 2018–Lucia MutikaniU.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration’s goal of 3 percent annual growth.

Mortgage Professional America, Aug. 28, 2018–Steve RandallNon-bank mortgage lenders could face further pressure on margins and more industry consolidation according to Fitch Ratings.

Wall Street Journal, Aug. 28, 2018–Lalita Clozel (subscription)The Office of the Comptroller of the Currency took the first step Tuesday toward rewriting rules for lending in lower-income neighborhoods, an effort that could allow institutions to redirect billions of dollars spent on loans and investments.

HousingWire, Aug. 28, 2018–Kelsey RamirezThe Federal Housing Finance Agency announced Tuesday its new proposed rule which would amend its rule on golden parachute payments in order to reduce compliance burdens.

Reuters, Aug. 28, 2018–Katanga JohnsonThe Securities and Exchange Commission said on Tuesday that it charged Moody’s Investor Service with failing to clearly define and consistently apply credit-rating symbols in a first-ever ratings-related enforcement action by the regulator.

Orlando Sentinel, Aug. 28, 2018–Kyle ArnoldThe bank-holding company Monday said allegations by the Communications Workers of America union that recent jobs in its mortgage division are being moved out of the country are “completely inaccurate.”