Category: Top National News

Miami Herald, Oct. 9, 2017–Kenneth R. HarneyFraud in connection with home mortgages is on the rise, ranging from little white lies about the intended use of the property all the way up to much more sophisticated schemes.

HousingWire, Oct. 9, 2017–Kelsey RamirezThe Treasury released its second of four reports Friday which called for sweeping financial reform, including changes that would weaken the Dodd-Frank Act.

Mortgage Daily, Oct. 9, 2017An agreement has been reached to sell Financial Freedom to an undisclosed buyer, parent CIT Bank said.

MarketWatch, Oct. 6, 2017–Andrea RiquierWhen big banks kick off the third-quarter earnings season next week, a familiar theme is likely to dominate: it’s hard to make money in a lower-for-longer world. Mortgage originations will be down for all the banks, according to data from the Mortgage Bankers Association.

Wall Street Journal, Oct. 8, 2017–Keiko Morris (subscription)Manhattan office leasing kicked into high gear in the third quarter as financial services jobs surpassed prerecession levels in August, but new construction kept rental increases low, according to new statistics released by real estate services firm JLL.

Wall Street Journal, Oct. 6, 2017–Andrew Ackerman, Gabriel T. Rubin (subscription)The Trump administration wants to do away with signature markets regulations of the financial crisis era, including a requirement that companies show how much CEOs are paid compared with average workers.

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.