Category: Top National News

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.

Washington Post, Oct. 5–Kathy Orton Mortgage rates barely budged this week as the impact of the recent hurricanes began weighing on the economy. “As purchase applications picked up, we saw the ARM share increase to its highest level since January of this year,” said Mortgage Bankers Association economist Joel Kan.

National Real Estate Investor, Oct. 5, 2017–Ely RazinWhy are these Big Apple lenders cutting back on their commercial real estate financing activity?

National Mortgage News, Oct, 5 2017–Brad Finkelstein (subscription)Select Portfolio Servicing grew its mortgage servicing rights portfolio by over 14% in the second quarter by targeting opportunities in the nonagency loan market.

Associated Press, Oct. 5, 2017The U.S. attorney’s office says 68-year-old Robert Pena, of Falmouth, pleaded guilty to one count of conspiracy and six counts of wire fraud on Wednesday. He is scheduled to be sentenced on Jan. 5.