Category: Top National News

HousingWire, Dec. 15, 2017–Ben LaneTCF National Bank, a Minnesota-based depository, announced this week that it has completed its acquisition of Rubicon Mortgage Advisors, a mortgage lender with offices in Minnesota and North Dakota and licenses to operate in South Dakota, Wisconsin, Colorado, and California.

UExpress, Dec. 15, 2017–Lew SichelmanFolks who are moving often hold garage sales to get rid of their unwanted stuff. But after that, they’re usually in a quandary: What do we do with the rest of the things we no longer want or need?

Wall Street Journal, Dec. 17, 2017–Christina Rexrode (subscription)Bob Wilmers, who turned a small Buffalo, N.Y., bank, M&T Bank Corp., into one of the largest U.S. regional lenders, died on Saturday night. He was 83 years old.

National Mortgage News, Dec. 17, 2017–Brian Collins (subscription)Industry groups, including the American Bankers Association, Mortgage Bankers Association, National Association of Federally Insured Credit Unions and National Association of Home Builders, are urging the IRS to act quickly to resolve the situation.

Washington Post, Dec. 14, 2017–Kathy OrtonMortgage applications retreated last week, according to the latest data from the Mortgage Bankers Association.

Mortgage Professional America, Dec. 14, 2017–Francis MonfortVolume of mortgage applications for new-home purchases showed signs of continued recovery in November, according to Builder Applications Survey data for November released by the Mortgage Bankers Association.

Mortgage Daily, Dec. 14, 2017–Sam GarciaDuring the first quarter of next year, 30 mortgage-related events are listed on the Mortgage Daily Mortgage Industry Conference Calendar.

Mortgage Daily, Dec. 14, 2017PHH was investigated by the New York Department of Financial Services and found to have failed to maintain a property in New Lebanon, New York, for at least 238 days from the time the property was registered in the DFS registry.

Bloomberg, Dec. 15, 2017–Joe LightA plan being developed by Republican Bob Corker of Tennessee and Democrat Mark Warner of Virginia would lower barriers to entry by removing some advantages Fannie and Freddie now possess. “If you want to eliminate too-big-to-fail, you need to have enough guarantors that you’d really let one fail in the event of a downturn,” said Mortgage Bankers Association President David Stevens.

National Mortgage News, Dec. 14, 2017–Glenn McCullom (subscription)The mortgage market had already priced the Federal Open Market Committee’s 25-basis-point hike into its rates so there was little change, according to Freddie Mac.