Category: Top National News

The Hill, Apr. 25, 2018–Naomi JagodaRepublican lawmakers and prominent conservative leaders such as Grover Norquist say they want capital gains to be indexed to inflation, saying it would give the economy a boost. They are pursuing both legislation and regulatory action in an effort to achieve that goal.

Politico, Apr. 25, 2018–Katy O’DonnellMick Mulvaney, the acting director of the Consumer Financial Protection Bureau, has a message to people seeking to gain access to Congress: A lawmaker’s constituents should always get a hearing, no matter what. But outside lobbyists, he said, may have to pay to get in the door.

CNBC, Apr. 25, 2018–Diana OlickTotal mortgage application volume fell 0.2 percent for the week and was 0.8 percent lower than a year ago, according to the Mortgage Bankers Association’s seasonally adjusted survey.

Bloomberg, Apr. 25, 2018–Vincent Del Guidice”The question is going to be throughout the year whether or not and at what level are rates too high for the economy,” said Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Co. (MBA mention)

CNN Money, Apr. 25, 2018–Kathryn VaselHome prices are still rising, supply is getting leaner, mortgage rates are going up and competition is intense. Yet despite all the headwinds, buyers seem to be largely resolute.

CNBC, Apr. 25, 2018Redfin CEO Glenn Kelman discusses inventory being the problem in the housing market rather than rising mortgage rates.

HousingWire, Apr. 25, 2018–Kelsey RamirezGenworth Mortgage Insurance, an operating segment of Genworth Financial, announced Wednesday it will reduce its national monthly and single premium borrower-paid mortgage insurance rates.

National Mortgage News, Apr. 25, 2018–Brad Finkelstein (subscription)If the 10-year Treasury sustains a yield above 3%, rates for the 30-year fixed-rate mortgage could hit 5% sooner than later.

HousingWire, Apr. 25, 2018–Ben LaneAccording to HUD, Congress requires HUD-assisted households to provide 30% of their adjusted income toward rent while the government makes up the difference, up to a maximum amount. Under HUD’s proposal, that amount would increase to 35% of their net income.

Mortgage Daily, Apr. 25, 2018Quarterly earnings at Fifth Third Bancorp, including mortgage revenues, strengthened. While residential loan originations have slowed, the servicing portfolio expanded.