Category: Top National News

Bloomberg, Nov. 12, 2017–Ben Brody, Mark NiquetteThe House of Representatives wouldn’t accept a tax bill that, like the Senate’s, eliminates deductions for all state and local taxes, the chairman of the House’s tax-writing committee said.

Wall Street Journal, Nov. 12, 2017–Dana Mattioli (subscription)Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn’t already own.

Mortgage Daily, Nov. 10, 2017–Sam GarciaMultiple loan origination systems are ready for upcoming changes to Home Mortgage Disclosure Act reporting requirements.

Reuters, Nov. 9, 2017–Howard SchneiderThe number of Americans filing for unemployment benefits rose more than expected last week, suggesting that claims processing disrupted by recent hurricanes has begun to improve.

CNBC, Nov. 8, 2017–Diana OlickMortgage application volume was unchanged last week from the previous week, according to the Mortgage Bankers Association.

HousingWire, Nov. 8, 2017–Kelsey RamirezDuring the National Association of Realtors Conference, Beth Zorc, HUD acting general counsel and principal deputy general counsel, said HUD is “continuing to look at the issue and will have additional information to share later in November and will make its decision based on the health of FHA’s Mutual Mortgage Insurance Fund.”

Bloomberg, Nov. 8, 2017–Stephen MihmFrom its dubious beginnings a century ago, the mortgage interest deduction has shown a remarkable resilience, frustrating generations of idealistic reformers. If there’s a mindless zombie in the tax code, this is it: a purposeless tax break that just refuses to die, no matter how many opponents try to bury it.

National Mortgage News, Nov. 8, 2017–Bonnie Sinnock (subscription)The Mortgage Bankers Association’s credit availability index fell by 0.2% to 181 in October from September, led by a 2% decline in the jumbo sector. But credit availability is up from last October when the index reading was 171.3.

HousingWire, Nov. 8, 2017–Brena SwansonAfter first revealing the news earlier this year, Zillow still hasn’t come to an agreement with the Consumer Financial Protection Bureau over possible violations of the Real Estate Settlement Procedures Act.

Mortgage Daily, Nov. 9, 2017Borrowers have become less satisfied with their mortgage lenders thanks to longer turn times and an unsatisfying digital process, J.D. Power reported.