Category: Top National News

The Hill, Nov. 2, 2017–Sylvan LanePowell, a Republican appointed to the Fed by President Obama in 2012, served as a Treasury Department undersecretary during the George W. Bush administration.

Mortgage Daily, Nov. 2, 2017A sequential acceleration in home-lending activity at Nationstar Mortgage Holdings Inc. is likely to repeat as the company trimmed refinance share. Delinquency dropped.

Charlotte Observer, Nov. 2, 2017–Deon RobertsFor years, bank customers have relied on user IDs and passwords to access their online accounts. From a security standpoint, that’s no longer a smart practice, said Bank of America executive Michelle Moore.

HousingWire, Nov. 2, 2017–Kelsey Ramirez”[Jerome] Powell brings substantial experience at the Fed, at Treasury and in the private sector to this critically important role,” said MBA Chief Economist Mike Fratantoni. “His work at the Fed through this challenging recovery should enable him to carefully guide monetary and regulatory policies in the years ahead in a manner that provides the environment for further, sustainable growth.”

HousingWire, Nov. 2, 2017–Ben LaneIt’s been a rough year for Ocwen Financial, but the company’s executives said Thursday that they believe they have the company pointed in the right direction.

CNBC, Nov. 1, 2017–Diana OlickMortgage interest rates moved higher last week, causing borrowers to back away from the mortgage market. “Rates increased last week as speculation over the next Fed chair continued and the European Central Bank announced plans to taper its asset-purchase program, signaling increased confidence in the euro zone economies,” said Mortgage Bankers Association Economist Joel Kan.

HousingWire, Nov. 1, 2017–Kelsey RamirezThe mortgage industry is ripe for disruption, said Fannie Mae Executive Vice President for Single-Family Business Andrew Bon Salle, referring to the need for new technology updates.

National Real Estate Investor, Nov. 1, 2017–Beth Mattson-Teig Over the past two years, banks wary of taking on construction risk have lowered leverage, increased rates and applied more conservative underwriting.

Wall Street Journal, Nov. 1, 2017–Austen Hufford (subscription)Firms across the country added 235,000 workers to their ranks in October, according to payroll processor Automatic Data Processing Inc. and forecasting firm Moody’s Analytics. Economists surveyed by The Wall Street Journal had expected the addition of 190,000 jobs.

National Mortgage News, Nov. 1, 2017–Brad Finkelstein (subscription)Hurricanes Harvey and Irma were responsible for an increase in loan application defects during September in Texas and Florida, according to First American Financial Corp.