HousingWire, Aug. 24, 2017–Ben LaneA new report from Black Knight Financial Services shows fewer loans in foreclosure in July than in any month in more than 10 years.
Category: Top National News
New Home Purchase Mortgage Applications in U.S. Increase 5.1 Percent Annually
World Property Journal, Aug. 22, 2017According to the Mortgage Bankers Association Builder Applications Survey for July, U.S. mortgage applications for new home purchases increased 5.1 percent compared to a year ago.
U.S. Bank Adding Up to 200 Mortgage Jobs in St. Louis
St. Louis Post-Dispatch, Aug. 22, 2017–Lisa BrownThe Minneapolis-based bank already added more than 150 jobs at its mortgage offices in Earth City and downtown St. Louis over the past year, said Tom Wind, president of U.S. Bank Home Mortgage.
The Price Isn’t Right for Home Builders
Wall Street Journal, Aug. 22, 2017–Justin Lahart (subscription)Building homes is a good business-just not nearly as good a business as investors think it is.
Can TRID Be Saved?
National Mortgage News, Aug. 22, 2017–Michael Bartlett (subscription)There have been many rules and regulations issued in the wake of the financial crisis last decade, but few have been as unpopular and controversial as TRID.
Interest Income Boosts Banks’ 2Q Profit to Post-Crisis Record
National Mortgage News, Aug. 22, 2017–Lalita Clozel (subscription)Bank earnings jumped 10.7% in the second quarter from a year earlier, to $48.3 billion, boosted by rising net interest income as banks kept expenses in check, the Federal Deposit Insurance Corp. said.
Arvest Bank to Acquire Bear State Bank in $391 Million Deal
HousingWire, Aug. 22, 2017–Ben LaneIn a deal that will combine two Arkansas-based community banks, Bear State Financial, the parent company of Bear State Bank, and Arvest Bank announced Tuesday that Arvest will be acquiring Bear State in an all-cash deal valued at $391 million.
A Close Look at Urban Core Apartment Market Performances
National Real Estate Investor, Aug. 22, 2017–Greg WillettMeasuring health in terms of annual rent growth for new apartment resident leases, different markets range all the way from spectacular–a 7 percent rent escalation in downtown Seattle–to dismal.
Mortgage Bankers Predict 3 Quarters of Declines
Mortgage Daily, Aug. 22, 2017After peaking in the second quarter, the Mortgage Bankers Association predicted loan originations will decline each of the following three quarters.
PPEs Enhanced Through Integrations
Mortgage Daily, Aug. 22, 2017–Sam GarciaA number of offerings from various mortgage service providers have recently been integrated into multiple product-and-pricing engines. One lender is making its proprietary PPE available directly to consumers.