Category: Top National News

HousingWire, Apr. 5, 2018–James DawkinsWhen you have an investment residence condo, it’s important to pay close attention before locking the loan.

New York Times, Apr. 5, 2018–Stacy CowleyActing Consumer Financial Protection Bureau Director Mick Mulvaney appointed two senior staff members who are paid salaries of more than $230,000, amounts that are far above what they had been earning in their previous government jobs in Washington, according to agency documents.

Reuters, Apr. 5, 2018–David HenryJPMorgan Chase & Co. Chief Executive Officer Jamie Dimon complimented the administration of President Donald Trump in an annual letter to shareholders on Thursday, saying tax cuts and deregulatory efforts were helping his bank make more money.

Mortgage Daily, Apr. 5, 2018Bids are being taken for MSRs on a portfolio of 13,289 loans that had a collective unpaid principal balance of $1.809 billion as of March 31.

Mortgage Daily, Apr. 5, 2018The Mortgage Bankers Association said availability of credit for people desiring to finance a residential property was the lowest it’s been in more than a year.

HousingWire, Apr. 5, 2018–Ben LaneStone Point Capital, a private equity firm that also owns a piece of Ten-X, is buying a majority stake in American Mortgage Consultants, a provider of outsourced services to participants in the residential and consumer loan mortgage market.

National Mortgage News, Apr. 5, 2018–John Heltman (subscription)Consumer Financial Protection Bureau acting Director Mick Mulvaney said Thursday that the agency’s fundamental structure prevents him from fully responding to accusations regarding his stewardship of the bureau, and only structural reforms would compel him to be more accountable.

Bloomberg, Apr. 5, 2018–Katia DmitrievaThe U.S. trade deficit widened by more than forecast to a fresh nine-year high in February amid broad-based demand for imports, ahead of Trump administration tariffs that have raised the specter of a trade war.

CNBC, Apr. 4, 2018–Diana OlickTotal mortgage application volume fell 3.3 percent last week from the previous week, according to the Mortgage Bankers Association.

National Mortgage News, Apr. 4, 2018–Elina Tarkazikis (subscription)Purchase loans made to millennial mortgage borrowers rose month-over-month in February despite interest rates increasing at the start of the year, according to Ellie Mae’s Millennial Tracker.