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.
Category: Top National News
Refinances Lead Rise in 2016 Mortgage Originations
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.
Alexa, Get Me a Mortgage
DSNews, Aug. 23, 2017–Joey PizzolatoIs it so simple that a North Dallas firm could bring artificial intelligence to the mortgage lending space?
Janet Yellen’s Future at the Fed Unresolved Heading Into Jackson Hole
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.
OCC Seeks to Raise Appraisal Thresholds for Commercial Real Estate Loans
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.
Black Knight: Foreclosures Drop to Lowest Level in More than 10 Years
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.
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.