Category: Top National News

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.

Boston Globe, Dec. 19, 2017–Tim LoganUnder the massive tax bill now poised to pass Congress–and be signed by President Trump before Christmas – homeowners no longer would be able to deduct the interest on home equity loans, a relatively cheap form of borrowing based on the equity in a property.

Chicago Tribune, Dec. 18, 2017–Ally MarottiMortgage lender Guaranteed Rate Mortgage allegedly owes one of its former employees, who has been recognized as one of the top loan producers in the country, more than $2 million in compensation, according to a lawsuit filed by the former employee.

Mortgage Daily, Dec. 18, 2017Data from the Federal Deposit Insurance Corp. which was named receiver by the OCC, indicate that Washington Federal’s deposits were $144 million, while assets were $166 million and included $121 million in single-family assets and $25 million in commercial real estate loans.

Mortgage Daily, Dec. 18, 2017In an indictment unsealed Thursday in a federal court in Manhattan, New York, the Department of Justice accuses John Reimer of defrauding warehouse lenders.

Inman, Dec. 19, 2017–Bryan WalshAnalysts worry that if insurers start to pull out of flood-prone seaside communities, it could cause a crisis worse than 2008.

National Mortgage News, Dec. 18, 2017–Kyle Kamrooz (subscription)The author, with Cloudvirga, says by leveraging intelligent technology to drive the day-to-day origination workflow, lenders can manufacture loans more consistently and bring in human expertise where needed to handle exceptions.

National Mortgage News, Dec. 18, 2017–Ian McKendry (subscription)Congress is close to the finish line in passing a major tax overhaul, and bankers are still clear winners from the compromise worked out between House and Senate negotiators. But the bill also still includes some caveats that might give certain institutions pause.