Category: Top National News

Bloomberg, May 16, 2018–Claire BostonIf the housing market weakens, and unemployment starts rising, mortgage bond investors could find their securities losing value, money managers warn.

Governing Magazine, May 14, 2018–J. Brian CharlesSome cities are turning to vacant property taxes to nudge property owners of both retail and residential spaces to lease, develop or sell their properties before a short-term vacancy turns into what some cities see as blight.

Forbes, May 14, 2018–Steve OlenskiIt appears many in the mortgage industry have been marketing themselves the same way since 2008, when the recession was in full swing. We’re talking paper fliers, mailing ads and other ‘archaic’ methods.

National Mortgage Professional, May 14, 2018–Phil HallA new survey conducted by The Harris Poll on behalf of Trulia found that 98 percent of Millennials planning to buy in the next year have run into obstacles that prevent them from making a purchase at this time.

National Mortgage News, May 14, 2018–Bonnie Sinnock (subscription)Angel Oak Mortgage, which originated more than $1 billion in loans outside the ability-to-repay rule’s safe harbor last year, plans to produce at least twice that volume in 2018.

Mortgage Daily, May 15, 2018Quarterly mortgage originations were up from the same period last year at loanDepot LLC. The company trimmed its servicing and staffing from year-end 2017.

Mortgage Daily, May 15, 2018–Rick ShargaThe author, with Carrington Mortgage Holdings, says despite some needed price corrections in some overheated markets, there is more than enough demand–and capital–for the multifamily sector. (MBA mention)

Bloomberg, May 15, 2018–Jesse Hamilton, Benjamin BainAdditional changes the regulators intend to propose include making it easier for banks to stockpile assets that their customers may want to buy in the near term and dialing back compliance burdens for smaller lenders. The agencies expect to release the proposal by the end of the month.

DS News, May 14, 2018–David WhartonSeveral lenders, including Wells Fargo and Bank of Hawaii, have announced mortgage relief for homeowners impacted by the disaster.

Scotsman Guide, May 11, 2018–Victor WhitmanMortgage applications for new-home purchases uncharacteristically dipped in April, but remain solidly ahead of the pace of last year, the Mortgage Bankers Association reported.