Category: Top National News

Wall Street Journal, Dec. 19, 2017–Andrew Ackerman (subscription)Regulators would have more discretion to decide which banks to target for stricter oversight under bipartisan legislation that House lawmakers approved Tuesday, the latest front in a broad push to ease postcrisis regulations.

National Mortgage News, Dec. 19, 2017–Kate Berry (subscription)The Consumer Financial Protection Bureau on Tuesday withdrew a plan to conduct a web survey for its debt collection proposal while acting Director Mick Mulvaney reviews the rulemaking.

HousingWire, Dec. 19, 2017–Kelsey RamirezAffordable housing remains a major concern going into 2018 as home prices rise and housing inventory decreases, says Bank of America’s Maria Barry.

Mortgage Daily, Dec. 19, 2017The Composite Consumer Credit Default Index indicated that delinquency of at least 90 days on automobile loans, bank cards and mortgages fell to 0.89 percent in November.

DebtWire, Dec. 18, 2017–Al YoonLone Star Funds is turning to residential rentals as it grapples with the dregs of more than USD 30bn in delinquent loans purchased over the past several years.

OurBroker.com, Dec. 18, 2017–Peter G. MillerMortgage loan limits are up for 2018 because real estate values nationwide have generally been rising.

DS News, Dec. 18, 2017–Rachel WilliamsThe new mortgage lending division, which employs 174 people, was initially launched to neutralize RPMS’s portfolio run-off. The next phase for the operation is to expand to purchase market opportunities.

Wall Street Journal, Dec. 18, 2017–Michael S. Derby (subscription)Federal Reserve Bank of Minneapolis President Neel Kashkari warned Monday that bad things may lie ahead for the economy if his colleagues at the U.S. central bank press forward with interest-rate increases.

National Mortgage News, Dec. 18, 2017–Bonnie Sinnock (subscription)Fannie Mae and Freddie Mac’s final Duty to Serve plans move ahead with expanded support for manufactured housing through both single-family and multifamily programs, including controversial personal property loans.

HousingWire, Dec. 18, 2017–Jacob GaffneyAs most of the press argues about the merits of tax reform, and its expected passage this week, one thing largely missed by the mainstream coverage is that, politics aside, this news is good for the stock markets.