Category: Top National News

National Mortgage News, Oct. 6, 2017–Brian Collins (subscription)Nondepository mortgage lenders and brokers added 1,500 employees to their payrolls in August, bringing total employment in the sector to 342,600 in August from 341,100 in July, the Bureau of Labor Statistics reported Friday.

National Mortgage News, Oct. 6, 2017–Bonnie Sinnock (subscription)Lenders could be responsible for water quality issues affecting borrowers and properties if the Federal Housing Administration follows through with its response to an inspector general’s report.

Reuters, Oct. 6, 2017–Michelle Price, Pete SchroederThe U.S. Treasury on Friday unveiled a blueprint for sweeping reforms of the U.S. capital markets as it looks to implement Republican President Donald Trump’s agenda to promote economic growth by slashing red tape.

Reuters, Oct. 6, 2017–Ann SaphirU.S. short-term interest rate futures fell slightly on Friday after a government report showed the U.S. jobs market weakened in a hurricane-heavy September, though the drop was not enough to signal traders are backing away from expectations the Federal Reserve will raise interest rates in December.

National Mortgage News, Oct. 6, 2017–Laura Alix (subscription)A recent push by Fannie Mae to enable more millennials who are burdened by student debt to buy homes appears to be having its intended effect. Bankers said that they are finding it easier to qualify young homebuyers as a result of the policy changes.

HousingWire, Oct. 6, 2017–Ben LaneCongressmen from opposite sides of the political aisle are partnering to push for a change to the Consumer Financial Protection Bureau’s Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosure rule.

Mortgage Daily, Oct. 9, 2017Government activity led an increase in new weekly mortgage business. Excluded from the rally, though, were jumbo and adjustable-rate mortgages, according to the Mortgage Daily U.S. Mortgage Market Index.

Mortgage Daily, Oct. 6, 2017Serious mortgage delinquency at the Federal Housing Administration was the lowest it’s been in years, though early stage delinquency deteriorated.

Wall Street Journal, Oct. 8, 2017–Liz Hoffman, Rachel Louise Ensign (subscription)OneMain is in advanced discussions with a number of interested parties, both rival lenders and private-equity firms.

UExpress, Oct. 6, 2017–Lew SichelmanThere’s no doubt that buying a house is an expensive proposition. Anybody who goes into the process thinking otherwise is in for a rude awakening.