Business Insider, Dec. 4, 2017–Tanza Loudenback One hallmark of the American Dream , the single-family home, is dying as we know it because the U.S. needs more affordable housing.
Category: Top National News
GOP’s Late Changes to Tax Bill Buoy Key Industries
Wall Street Journal, Dec. 4, 2017–Kate Davidson, Joshua Jamerson (subscription)Republican senators inserted last-minute changes into their tax overhaul bill early Saturday morning, including ones aimed at helping oil and gas companies, cruise-ship operators, auto dealers, universities and mortgage bankers.
Student Housing REITs See Growth Potential in Public-Private Partnerships
National Real Estate Investor, Dec. 4, 2017–John Egan Publicly traded student housing real estate investment trusts are increasingly turning to public-private partnerships to boost growth.
Fed Rate Hike is Expected Next Week and Three More Increases are Expected in 2018: Reuters Poll
CNBC, Dec. 4, 2017The U.S. Federal Reserve is almost certain to raise interest rates later this month, a Reuters poll of economists reported. A majority of economists now expect three more rate increases next year compared with two when surveyed just weeks ago.
Common Securitization Platform Testing Taking Longer than Expected
National Mortgage News, Dec. 4, 2017–Brad Finkelstein (subscription)Testing of the common securitization platform is taking longer than expected, but the Federal Housing Finance Agency said it won’t delay the 2019 launch of Fannie Mae and Freddie Mac’s new single “uniform mortgage-backed security.”
Wells Fargo Sees Highest NPL Volume Trading Since Crisis
HousingWire, Dec. 4, 2017–Jacob GaffneyWells Fargo Securities analysts Vipul Jain, Philip Hong, and Samuel Cecil keep a close eye on the secondary mortgage markets for their clients. In their latest email, the analysts note that November was jam-packed with non-performing loan trading volume.
Ocwen Settlement-Palooza Sees $36 Million Going Out, $30 Million Coming Back In
HousingWire, Dec. 4, 2017–Ben LaneOn Monday, Ocwen disclosed that it reached more settlements in various matters, including an additional settlement with investors related to the company’s previously restated earnings, and a settlement with CIT Bank over a 2013 MSR deal.
U.S. Factory Orders Slip; Business Spending Robust
Reuters, Dec. 4, 2017–Lucia MutikaniNew orders for U.S.-made goods fell less than expected in October and shipments of core capital goods were much stronger than previously reported, pointing to sustained strength in manufacturing that should buoy the economy.
Pacific Union Adding Hundreds of Texas Jobs
Mortgage Daily, Dec. 4, 2017–Vic KolencPacific Union Financial LLC, a Dallas area-based mortgage firm, plans to open a mortgage-fulfillment center in El Paso, Texas, with 699 good-paying jobs created over five years, according to city information.
Wave of Mortgage Executive Appointments
Mortgage Daily, Dec. 4, 2017–Sam GarciaFrom the board room to the C-Suites to the executive suites, home lending organizations have recently been busy appointing, recruiting and promoting new leaders and directors.