Mortgage Daily, Apr. 17, 2018Residential production at the Federal Housing Administration was the lowest it’s been in three years. An improvement was reported for single-family delinquency.
Category: Top National News
A Bubble in Commercial Real Estate May Be About to Pop
Business Insider, Apr. 17, 2018–Wolf RichterBanks are ramping up the extension of commercial real estate loans. CRE prices peaked in 2016 and are now flat-lining, which is partially due to the downturn of malls and traditional retail. Office and lodging buildings have been hit hard too.
Optimism Among Home Builders Slides for 4th Consecutive Month; Rising Mortgage Rates Blamed
Associated Press, Apr. 16, 2018Homebuilder confidence slid for the fourth consecutive month with steadily rising mortgage rates and sky-high home prices putting ownership out of reach for more and more Americans.
BofA’s Once Giant Mortgage Business Is Now Listed Under ‘Other Income’
Bloomberg, Apr. 16, 2018–Laura KellerOne measure of how much things have changed in the last decade at Bank of America Corp.: The firm has stopped reporting fees from its mortgage business.
Mortgage Bankers Press Public Agencies on Digital Mortgage Hurdles
National Mortgage News, Apr. 16, 2018–Bonnie Sinnock (subscription)The Mortgage Bankers Association is pushing Ginnie Mae to join other agencies in accepting electronic signatures, and for the Federal Home Loan Banks to allow funds to be advanced against electronic notes, Brian Stoffers, vice chairman of MBA, said at the MBA technology conference in Detroit.
Stalled Mobility: Another Problem For The Housing Market
Forbes, Apr. 16, 2018–Adam SarhanThe real estate market is a very important part of the economy and after a nice recovery there are a few cracks forming on the periphery.
Will Fintech Innovation Benefit Borrowers of All Incomes?
Urban Institute, Apr. 16, 2018–Karan KaulFintech products serve different consumers in different ways. As policymakers seek to understand and nurture this industry, it is important to understand what specific benefits new fintech products bring and which consumers will most benefit from their adoption.
Trump to Nominate Richard Clarida, Michelle Bowman to Fed Board
Wall Street Journal, Apr. 16, 2018–Nick Timiraos (subscription)President Donald Trump revealed his latest picks to fill empty seats on the Federal Reserve Board, saying Monday he would nominate Columbia University economist Richard Clarida as vice chairman and Kansas banking regulator Michelle Bowman as a governor.
Home Prices Up for 24th Consecutive Month
National Mortgage Professional, Apr. 16, 2018–Phil HallHome prices climbed for the 24th consecutive month in March while home sales fell for a fourth consecutive month, according to the latest RE/MAX National Housing Report.
The Mortgage Industry Has a Data Problem. Is Blockchain the Answer?
National Mortgage News, Apr. 16, 2018–Elina Tarkazikis (subscription)The mortgage industry has a data problem. Diverse systems and a deluge of new data sources make management and accuracy difficult throughout the mortgage space.