Category: Top National News

HousingWire, Oct. 23, 2017–Kelsey RamirezThe housing finance industry is gathering this week in Denver, as the Mortgage Bankers Association’s annual event kicked off.

Washington Post, Oct. 19, 2017–Kathy Orton”Treasury yields were relatively flat last week,” said Joel Kan, an economist with the Mortgage Bankers Association. “While the [Federal Open Market Committee] minutes showed an increased likelihood of one more rate increase in 2017, nudging rates slightly higher, the week’s gains were offset by a downturn on Friday due to weaker than expected inflation data.”

Bloomberg, Oct. 19, 2017–Joe LightFor the past eight years, Brian Montgomery has helped mortgage lenders fight penalties sought by the Federal Housing Administration. Now he’s President Donald Trump’s nominee to lead the agency.

Wall Street Journal, Oct. 19, 2017–Katy Mclaughlin (subscription)Built in the 1960s, the neighborhood attracted a bevy of movie stars and was a favorite of Ronald Reagan. Now billions are being invested to attract more Los Angeles natives to high-rise living.

National Mortgage Professional, Oct. 19, 2017–Phil HallMortgage rates were mostly down this week, according to the latest Freddie Mac Primary Mortgage Market Survey.

National Mortgage News, Oct. 19, 2017–Bonnie Sinnock (subscription)Freddie Mac is revising the way lenders need to submit payment information on certain student loans in order to calculate a borrower’s monthly debt-to-income ratio.

HousingWire, Oct. 19, 2017–Ben LaneOcwen disclosed Thursday in a filing with the Securities and Exchange Commission that it reached an agreement with Texas to remove the state’s mortgage servicing restrictions. But, just like Ocwen’s previous settlements, this new agreement with Texas carries some conditions.

HousingWire, Oct. 19, 2017–Kelsey RamirezIt is actually not Millennials who are pouring into the rental market, but Baby Boomers, according got the latest report from RENTCafé, a nationwide internet listing service that enables renters to find apartments and houses for rent throughout the U.S.

Reuters, Oct. 19, 2017–Lucia MutikaniAmericans filing for unemployment benefits dropped to its lowest level in more than 44-1/2 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.

Forbes, Oct. 19, 2017–Joel Kotkin, Wendell CoxThere is a strong relationship between high rents and high house prices. This essentially brings into the rental market more affluent tenants who directly compete with those with lower incomes.