Wall Street Journal, Nov. 26, 2017–Christina Rexrode (subscription)The rate of 12-month loan growth at U.S. banks in the third quarter hit its lowest level since the end of 2013, according to data released last week by the Federal Deposit Insurance Corp. That marked the sixth consecutive quarter of decline for this measure of loan growth.
Category: Top National News
Lenders Mine Demographic Data to Expand Their Reach
National Mortgage News, Nov. 24, 2017–Bonnie Sinnock (subscription)As consumer demographics continue to change, lenders that effectively manage them will set themselves to maximize their outreach to their evolving customer base long term.
Housing’s Biggest Questions Going into 2018
HousingWire, Nov. 24, 2017–Kelsey RamirezWhat’s up with tax reform? Who are some to the housing industry’s newest leaders? What is changing from this year to the next? What’s up with the CFPB?
October’s Servicing Transfers Sink
Mortgage Daily, Nov. 22, 2017Servicing transfers last month tumbled from September as a result of a massive sale the previous month by the home-lending unit of Citigroup Inc.
Equifax Breach Already Taking a Toll on Consumers
Washington Post Writers Group, Nov. 25, 2017–Kenneth R. HarneyThe scenario that personal finance and credit experts feared most about the heist of consumer data from Equifax already may be underway.
20 Mortgage-Related Events Over Next 90 Days
Mortgage Daily, Nov. 24, 2017–Sam GarciaOver the next three months, 20 mortgage-related conferences, forums and workshops are scheduled to take place. Topics to be covered include bankruptcies, mergers and acquisitions and reverse mortgage technology.
Quick Takes: Small Lots, Water Views, Credit Scores
UEXpress, Nov. 24, 2017–Lew SichelmanBuilding sites for single-family houses hit a record high last year, even as lots were the smallest ever, according to data from the Census Bureau’s Survey of Construction.
Hurricanes Drive October’s Increase in Late Mortgage Payments
National Mortgage News, Nov. 21, 2017–Brad Finkelstein (subscription)Late payments from borrowers living in areas hardest hit by Hurricanes Harvey and Irma were responsible for October’s increase in loan delinquencies, said Black Knight.
Ocwen Announces Millions in New Mortgage Debt Forgiveness in Ohio
DS News, Nov. 21, 2017–David WhartonFinancial services holding company Ocwen announced in November that it had worked closely with various nonprofit agencies to forgive $14.6 million in mortgage debt for struggling Ohio homeowners.
Mall Owners Ramp Up Holiday Spending in an Era of Diminished Expectations
Wall Street Journal, Nov. 21, 2017–Esther Fung (subscription)The biggest mall and mixed-use center landlords across the U.S. are digging deep into their pockets to attract customers this holiday season. But they are under no illusion their efforts will bring windfalls to them or their tenants.