Category: Top National News

National Mortgage News, Aug. 18, 2017–Brian Collins (subscription)”If you are a defender of the mission of HUD, you are going to want HUD to have a No. 2 chief operating officer like Pam [Patenaude] as deputy secretary and a general counsel in place so you can give Secretary [Ben] Carson more staff and more capacity to run the agency,” said Bill Killmer, senior vice president for legislative and political affairs at the Mortgage Bankers Association.

Bloomberg, Aug. 21, 2017–Saleha Mohsin, Chris StrohmTreasury Secretary Steven Mnuchin emerged over the weekend as one of the staunchest defenders of Donald Trump in the Cabinet, bringing stability to the administration’s economic policy agenda as it heads into what’s expected to be an unpredictable debt-limit debate.

Sacramento Bee, Aug. 21, 2017–Angela HartCalifornia’s high housing costs are driving poor and middle income people out of their housing like never before. While some are fleeing coastal areas for cheaper living inland, others are leaving the state altogether.

Washington Post, Aug. 17, 2017–Kathy Orton (MBA mention)Global and domestic unrest put downward pressure on mortgage rates this week.

CNBC, Aug. 17, 2017–Jefff CoxA fissure appears to be developing at the Federal Reserve over when to raise interest rates. One side preaches caution in a low-inflation environment while another worries about delaying.

MarketWatch, Aug. 17, 2017–Charles ClintonSo-called “donation crowdfunding” has been eclipsed by crowdfunded investing, where investors purchase small stakes in projects ranging from tech startups to real-estate developments.

National Real Estate Investor, Aug 15, 2017–David BodamerThe top commercial real estate brokers based on total global transaction volume in 2016.

Mortgage Daily, Aug. 17, 2017–Sam GarciaThree mortgage businesses were among the 500 most rapidly growing companies in America. A few more residential lenders were among the 5,000 fastest-growing firms.

Mortgage Daily, Aug. 17, 2017The government-funded refinance program for borrowers on government-sponsored enterprise mortgages with little equity has been extended despite fading activity.

Mortgage Daily, Aug. 17, 2017The latest real estate finance forecast has mortgage refinance production for this year and next year up by more than $40 billion from what was expected a month ago.