Category: Top National News

National Mortgage News, Oct. 17, 2017–Bonnie Sinnock (subscription)Competition among fintech, marketplace and traditional mortgage lenders often focuses on borrower-facing automation and other technology. What gets overlooked is how differences in their funding sources create another area of competition.

HousingWire, Oct. 17, 2017–Kelsey RamirezGoldman Sachs reported higher net revenue in its third quarter earnings, driven in part by higher revenue from mortgages, which helped to offset losses in fixed income, currency and commodities client execution.

Bloomberg, Oct. 17, 2017–Patrick ClarkBounded by the Pacific Ocean and two of the Los Angeles area’s most exclusive country clubs, the 90402 zip code would meet most definitions of prime real estate. In fact, according to a new study, it’s the most exclusive address in the U.S.

National Mortgage News, Oct. 17, 2017–Austin Kilgore, Elina Tarkazikis (free story)Industry participants are heading to Denver for the 2017 Mortgage Bankers Association Annual Convention & Expo seeking clarity and direction on many hot topics.

National Real Estate Investor, Oct. 17, 2017–Bendix Anderson Thanks to affordability and strong job growth–including in Seattle’s core–few new apartments are sitting vacant and rents continue to rise.

Mortgage Daily, Oct. 17, 2017Fannie Mae upped its forecast for overall residential loan production by $249 billion.

Mortgage Daily, Oct. 17, 2017LendingHome said Tuesday that it closed on the LendingHome Opportunity Fund II with $100 million in commitments from 40 investors. The fund is committed to buying more than $1 billion in high-yield bridge loans over a two-year period.

HousingWire, Oct. 17, 2017–Ben LaneThe nonbank disclosed Tuesday in a filing with the Securities and Exchange Commission that it reached agreements with Arkansas, Tennessee, and the District of Columbia, bringing the total number of states it’s settled with to 20.

Reuters, Oct. 17, 2017–Lucia MutikaniU.S. industrial production rebounded modestly in September as the lingering effects of Hurricanes Harvey and Irma hobbled activity at factories, but the outlook for the industrial sector remains bullish amid a strengthening global economy and weakening dollar.

RESPA News, Oct. 16, 2017The Mortgage Bankers Association signaled its support for work being done on comprehensive tax reform, writing to key lawmakers that this was a “once in a generation opportunity” to overhaul the tax code.