Wall Street Journal, Oct. 3, 2017–Peter Grant (subscription)Investors are showing more interest in commercial real estate in Asia, South America and other emerging markets, where growth trends and the lure of outsize returns overshadow the additional political and financial risks these regions can pose.
Category: Top National News
Five Things That Might Surprise You About the Fastest-Growing Segment of the Housing Market
Urban Institute, Oct. 3, 2017–Sarah StrochakOne of the most pronounced shifts in the housing market since the financial crisis has been the evolution of the single-family rental market. Today, single-family rentals (one-unit, attached and detached) account for 35 percent of the country’s 44 million rental units, compared with 31 percent in 2006.
Biggest HECM Lenders
Mortgage Daily, Oct. 3, 2017The volume of HECM activity moved down from the preceding month, when FHA mortgagees generated 4,927 endorsements.
Mortgage Firms Hire CEO, CFO & Retail Executives
Mortgage Daily, Oct. 3, 2017–Sam GarciaTricia M. Bailey is the new president and chief executive officer of PSM Holdings Inc. The 25-year mortgage veteran previously spent time at Banc of California and PRMG Inc.
Fidelity National Financial Acquires Majority Interest in SkySlope
HousingWire, Oct. 3, 2017–Ben LaneFidelity National Financial, the title insurance giant, announced this week that it acquired a majority interest in SkySlope, a provider of digital transaction management and closing services to real estate professionals.
For Some Elderly Americans, Mortgage Rules Herald Harder Struggle
Reuters, Oct. 2, 2017–Melissa FaresSince emerging in 1990, more than a million seniors have taken out reverse mortgages, according to the HUD, making them a popular but risky lifeline for asset-rich, cash-poor elderly Americans.
Wells Fargo CEO Sloan to Apologize, Explain Bank’s Accountability in Congressional Hearing
Wall Street Journal, Oct. 2, 2017–Andrew Ackerman, Emily Glazer (subscription)Wells Fargo & Co. Chief Executive Timothy Sloan is expected to apologize for the bank’s phony account scandal Tuesday and tell Senate lawmakers that his firm has rehired about 1,800 employees who left over shortcomings with its sales practices.
Genworth Examining Options for Mortgage Insurance Options
National Mortgage News, Oct. 2, 2017–Brad Finkelstein (subscription)Genworth Financial is evaluating options for its private mortgage insurance business as its proposed acquisition by China Oceanwide was delayed for a third time.
Manhattan Condos Are Barely Yielding More Than Government Treasuries
Bloomberg, Oct. 2, 2017, Oshrat CarmielNewly purchased condos that were listed for lease in the second quarter brought their owners a median return of 2.5 percent, according to an analysis released Monday by property-listings website StreetEasy.
PrimeLending Discloses New President
Mortgage Daily, Oct. 2, 2017Steve Thompson has been promoted to president from his role as executive vice president of national production. Thompson originally joined PrimeLending in 2011.