National Real Estate Iinvestor, Feb. 26, 2018–Mary DudichIn January, investment sales volume dropped 3 percent year-over-year, with all sectors except for industrial seeing declines, Real Capital Analytics said.
Category: Top National News
Harassment a Problem in the Mortgage World
UExpress, Feb. 23, 2018–Lew Sichelman#MeToo, say as many as 3 out of 4 women in the mortgage business. According to a poll by the Mortgage Bankers Association’s mPower platform for female members, 3 out of 4 of the 260 respondents said they had experienced at least one incident of sexual harassment.
Mortgage Refinance Share Jumps 5% Despite Rising Interest Rates
HousingWire, Feb. 23, 2018–Kelsey RamirezThe refinance share of mortgage activity increased a full 5% from December to January, rising to 45% of all closed loans, according to the latest Origination Insight Report from Ellie Mae.
Gloves Off in CFPB Tug of War Between Mulvaney, Warren
American Banker, Feb. 23, 2018–Kate Berry (subscription)The war of words between acting Consumer Financial Protection Bureau Director Mick Mulvaney and Sen. Elizabeth Warren, D-Mass., the agency’s architect, is escalating.
Mortgage Payments Get Back on Track After Harvey and Irma
National Mortgage News, Feb. 23, 2018–Bonnie Sinnock (subscription)Hurricane-related delinquencies are subsiding somewhat, and pre-storm foreclosures that were put on hold are resuming, said Black Knight.
Is the Home Affordability Crisis Overstated?
National Mortgage News, Feb. 23, 2018–Elina Tarkazikis (subscription)Low home inventory continues to put upward pressure on home prices, but affordability strains may be overstated, according to First American Chief Economist Mark Fleming.
The Mortgage Market Is Moving Into the Shadows
Bloomberg, Feb. 23, 2018The last financial crisis occurred in part because unregulated lending in the mortgage market got out of hand. Believe it or not, it’s starting to happen again, and could ultimately precipitate another disaster unless regulators get their act together.
U.S. Banks Set for M&A Wave as Trump Cuts Red Tape
Reuters, Feb. 23, 2018–David French, Michelle PriceAn easing of financial rules will soon unleash pent-up mergers and acquisitions among mid-sized U.S. banks, according to deal bankers, analysts and bank executives.
Mortgage Biz Up From Year Ago, Rate-Term Share Sinks
Mortgage Daily, Feb. 23, 2018 Compared to a year ago, more borrowers locked in rates on their home loans during the holiday week. A slowdown in refinance activity continued, with rate-term transaction share at its most narrow point on record. Government business also saw a big decline.
Mortgage Bankers Nudge Up Q1 Refi Forecast
Mortgage Daily, Feb. 23, 2018 Over the past month, mortgage bankers have grown more optimistic about the volume of refinances that will be originated during the first three months of this year.