Reuters, Dec. 6, 2017–Pete SchroederBank examiners can continue working inside the banks they supervise, Comptroller of the Currency Joseph Otting said on Wednesday, in a policy reversal for the U.S. banking regulator.
Category: Top National News
Lender Competition Heats Up for Refi Deals
National Real Estate Investor, Dec 6, 2017–Beth Mattson-Teig Lenders are being aggressive on bids to win refinancing business, especially for high quality assets.
Servicing Expands, Origination Up at Caliber
Mortgage Daily, Dec. 6, 2017Quarterly mortgage originations increased at Caliber Home Loans Inc., as did the size of its servicing portfolio. But the company reduced its payroll by nearly 200 people.
Homebuying Doesn’t Hinge on the Mortgage Tax Break
Bloomberg, Dec. 7, 2017–Joe Light, Prashant GopalThe $64 billion mortgage-interest deduction has long been touted as fuel for U.S. homeownership. Yet as the real estate industry fights the Republican tax plan that’s set to diminish its use, finding economic supporters of the perk is tough, even among affordable-housing advocates.
Influential Mortgage Players Demand Affordable Housing Measures from Tax Reform
HousingWire, Dec. 6, 2017–Kelsey RamirezA group of mortgage industry experts sent a letter to the House Wednesday, demanding Congress include affordable housing measures in its tax reform.
Breaking Down Hensarling’s GSE Reform Overture
National Mortgage News, Dec. 6, 2017–Rob Blackwell, Ian McKendry (subscription)House Financial Services Committee Jeb Hensarling shifted tactics on housing finance reform Wednesday, acknowledging that a bill he’s pushed for years to virtually eliminate the government’s role in the mortgage market lacks the support to become law.
ADP Predicts Employment Increase of 190,000 in November
HousingWire, Dec. 6, 2017–Kelsey RamirezJob growth will slow in November to an increase of 190,000 new jobs, according to the ADP and Moody’s Analytics National Employment Report.
In 17 Cities, the ‘Rent Gap’ Makes it Cheaper, on Average, to Own Than Rent
Urban Institute, Dec. 5, 2017–Sarah Strochak, Sheryl PardoIn 17 of 33 large metropolitan statistical areas (MSAs), it’s cheaper to own a home, putting 3.5 percent down, than it is to rent. And in many cities where homeownership is the more affordable option, it’s expensive to buy a home.
Former CFPB Director Richard Cordray Officially Running for Ohio Governor
HousingWire, Dec. 5, 2017–Ben LaneAfter seemingly never-ending speculation and months and months and months of rumors, it finally became official on Tuesday – former Consumer Financial Protection Bureau Director Richard Cordray is running for Ohio governor.
How The Rise Of Private Lending Is Reshaping The Mortgage Market
Forbes, Dec. 5, 2017–Bobby MantagneTraditional mortgage funders may be put off by properties that require extensive remodeling or structural repairs, creating a growing market for private money lenders.