Category: Top National News

CNBC, Aug. 23, 2017–Diana Olick (MBA Mention)Mortgage application volume barely moved last week, down 0.5 percent from the previous week, the Mortgage Bankers Association said.

Washington Post, Aug. 23, 2017–Kenneth Harney ATTOM Data Solutions found that 34 percent of all American homeowners have 100 percent equity in their properties–they have either paid off their entire mortgage debt or they never had a mortgage.

Mortgage Orb, Aug. 23, 2017–Peter G. MillerThere’s constant pressure in the mortgage marketplace to make financing quicker, easier and more broadly available. After all, with reduced lending requirements, we did sell more than 7 million existing homes in 2005, which was about 1.5 million more units than we expect to market this year. Surely it would make sense to ease credit standards now to pump up home sales, right?

CNBC, Aug. 23, 2017–Michelle FoxThere may be rumblings about lowering the cap on mortgage interest rate deductions, but it would have a “rather small effect” on the housing market, Nobel Prize-winning economist Robert Shiller told CNBC on Wednesday.

National Mortgage News, Aug. 23, 2017–Brad Finkelstein (subscription)Reporting requirements for title insurers and agents were expanded to cover more types of high-end real estate transactions, the Financial Crimes Enforcement Network said.

Mortgage Daily, Aug. 23, 2017On Tuesday, the Federal Financial Institutions Examination Council issued HMDA examiner transaction testing guidelines to help assess the accuracy of the HMDA data reported by financial institutions.

Mortgage Daily, Aug. 23, 2017A newly released report indicates that mortgage production last year rose 15 percent from the previous year. Leading the gain was refinancing activity.

DSNews, Aug. 23, 2017–Joey PizzolatoIs it so simple that a North Dallas firm could bring artificial intelligence to the mortgage lending space?

Wall Street Journal, Aug. 24, 2017–Nick Timiraos (subscription)The prospect of a second term for Federal Reserve Chairwoman Janet Yellen won’t be on the agenda at the central bank’s annual retreat this week at Grand Teton National Park, but the question of whether she could be asked to stay on–and whether she would accept–will be hanging over the confab.

National Mortgage News, Aug. 23, 2017–Brian Collins (subscription)The Comptroller of the Currency is proposing to nearly double the appraisal threshold for commercial real estate transactions to $400,000, from $250,000.