Category: Top National News

Mortgage Daily, Nov. 16, 2017The economic outlook for this year’s single-family loan originations has grown more optimistic. But next year’s forecast is slightly more pessimistic.

Mortgage Daily, Nov. 16, 2017Improvements to pricing announced by Radian Guaranty Inc. follow an easing of program requirements last month.

National Real Estate Investor, Nov. 15, 2017–Elaine MisonzhnikAs the current market cycle gets long in the tooth, the percentage of NREI readers who think we have reached the peak continues to gradually increase.

CNBC, Nov. 15, 2017–Joumanna Bercetche; Silvia AmaroThere’s one key economic model that the Federal Reserve has struggled to understand, Federal Reserve Bank of Chicago President Charles Evans told CNBC Wednesday: the Phillips Curve unemployment vs. inflation model.

CNBC, Nov. 15, 2017–Diana OlickHomeowners took advantage of a pullback in interest rates at the beginning of last week, hoping to refinance before the next rise. “Additional developments surrounding the administration’s tax-reform plan pushed rates lower at the beginning of the week, but this was effectively offset by news of stronger economic growth in Europe,” Mortgage Bankers Association Economist Joel Kan said.

The Hill, Nov. 15, 2017–Sylvan LaneConsumer Financial Protection Burea Director Richard Cordray told his agency’s employees he will resign before the end of November.

Mortgage News Daily, Nov. 15, 2017–Jann SwansonWith new home building still lagging other measures of the housing recovery and lean inventories of new homes Fannie Mae is seeking ways to help. The company plans to test market at least one new product for purchasing newly constructed homes before they are built.

Mortgage Daily, Nov. 15, 2017Home loans closed last month had lower credit scores, higher loan-to-value ratios and higher debt-to-income ratios than a year earlier. While turn times have improved over that same period, closing rates have not.

Mortgage Daily, Nov. 15, 2017Following four straight years of improvement, the Mutual Mortgage Insurance Fund’s capital ratio deteriorated. No reduction in premiums is likely as reverse mortgages continue to be a problem.

Mortgage News Daily, Nov. 14, 2017–Jann SwansonThe Mortgage Bankers Association says information collected through its Builder Application Survey shows mortgage applications for new home purchases climbed 23 percent on a non-seasonally adjusted basis from September to October.