Wall Street Journal, Oct. 23, 2017–Laura Stevens (subscription)Amazon.com Inc.’s open competition for its second headquarters triggered an extraordinary response, with the tech giant saying 238 cities and regions had bid for the project it expects to cost $5 billion over nearly 20 years.
Category: Top National News
New American Hiring Dozens of AZ Originators
Mortgage Daily, Oct. 23, 2017A new call center that has been opened in Arizona by New American Funding will result in the hiring of dozens of mortgage originators.
Bankruptcy Planned for Walter Investment
Mortgage Daily, Oct. 23, 2017Amid ongoing losses, a deal reached with its creditors has Walter Investment Management Corp. filing a pre-packaged bankruptcy.
MBA Leader Stevens Delivers a Call to Action
Scotsman Guide, Oct. 23, 2017–Victor WhitmanIn a kickoff speech Monday at the MBA’s national convention in Denver, MBA President and CEO David Stevens said MBA–the nation’s largest mortgage trade group–was uniquely positioned to influence the debate on Capitol Hill over tax reform, regulatory changes and housing-finance reform.
5 Best and Worst States for Consumer Credit Scores
National Mortgage News, Oct. 23, 2017–Bonnie Sinnock (subscription)Credit scores generally are stronger in the Northeast and Midwest and weaker in parts of the South, statistics from online loan platform LendEDU and Experian show.
What HMDA Changes Mean for Lenders
HousingWire, Oct. 24, 2017–Sarah WheelerLet’s go with the good news: After collecting expanded data on borrowers under the Home Mortgage Disclosure Act rule changes, lenders are going to have greater insight than ever before on their lending practices. The bad news? So is everyone else.
Mortgage Industry Mobilizes for MBA Annual
HousingWire, Oct. 20, 2017–Jacob GaffneyIf your day today is anything like the day of the HousingWire staff, you’re up to your ears in preparation for the Mortgage Bankers Association annual meeting in Denver.
Trump Picks MBA’s Len Wolfson to Serve as HUD Assistant Secretary
HousingWire, Oct. 20, 2017–Ben LaneThursday, the Trump administration announced its intention to nominate Len Wolfson to serve as HUD assistant secretary congressional and intergovernmental relations.
SunTrust Overcomes Mortgage Slowdown with Strong Consumer Loan Growth
American Banker, Oct. 20, 2017–Andy Peters (subscription)The mortgage market slowdown hit SunTrust Banks, but not enough to prevent the Atlanta company from posting an increase in third-quarter profit thanks to an increase in consumer lending.
Larger, Bolder Kitchens On the Way
UExpress, Oct. 20, 2017–Lew SichelmanAccording to a study by Houzz, a leading platform for home renovation and design, the “great room” feel of the kitchen will soon be even greater.