Category: Top National News

Bloomberg, Jan. 31, 2018–Joe LightThe draft, the result of discussions between Tennessee Republican Bob Corker and Virginia Democrat Mark Warner, gives the clearest view yet into how the senators aim to woo progressive politicians to back their plan for addressing mortgage-giants Fannie Mae and Freddie Mac. Support from those Democrats is likely needed to meet the 60-vote threshold for passing major bills in the Senate.

Bloomberg, Jan. 31, 2018–David M LevittAmerica may never recover its glory as a manufacturing powerhouse, but the Brooklyn Navy Yard is doing what it can, transforming itself from a 20th-century warship builder to a 21st-century high-tech hub.

National Real Estate Investor, Jan. 31, 2018–Beth Mattson-TeigInvestors and developers in the Low-Income Housing Tax Credit market are adapting to a dramatic drop in pricing over the past year and expecting more uncertainty ahead.

Mortgage Daily, Jan. 31, 2018Mortgage servicing rights on 1,176 Fannie Mae, Freddie Mac and Ginnie Mae loans with a collective unpaid principal balance of $361 billion are being offered for sale.

San Francisco Business Times, Jan. 31, 2018–Mark CalveySoFi cut 5 percent of the workers in its mortgage operations this week, primarily affecting the fintech’s offices in Healdsburg and Utah.

HousingWire, Jan. 31, 2018–Ben LaneAccording to Walter, it now anticipates exiting bankruptcy no earlier than Friday, Feb. 2. Walter originally filed for bankruptcy back in December.

HousingWire, Jan. 31, 2018–Ben LaneThe Department of Justice announced Wednesday that it is charging John Seckel with four counts of making false statements to HUD.

Wall Street Journal, Jan. 31, 2018–Austen Hufford (subscription)Firms across the country added 234,000 workers in January, according to payroll processor Automatic Data Processing Inc. and forecasting firm Moody’s Analytics.

Mortgage Professional America, Jan. 30, 2018–Francis MonfortMortgage interest rates may approach 5% by the end of 2019 and exceed 5% in 2019 and beyond, according to Mortgage Bankers Association Chief Economist Mike Fratantoni.

Tribune News Service, Jan. 30, 2018–Stephen KoffFrom the lips of President Trump to the computer keyboard of his budget director, Mick Mulvaney, leading Republicans have now personally blamed one Obama appointee–Richard Cordray–for representing so much of what they are trying to change.