Category: Top National News

DSNews, Oct. 19, 2017September saw a rise in mortgage delinquencies, mainly as a result of hurricane impact, to 4.40 percent according to Black Knight.

Wall Street Journal, Oct. 18, 2017–Sharon Nunn, Sarah Chaney (subscription)The pace of growth was split between moderate and modest among the Fed’s 12 districts, the central bank said Wednesday in its latest gathering of anecdotal information about regional economic conditions, known as the beige book.

National Mortgage News, Oct. 18, 2017–John Heltman (subscription)The Consumer Financial Protection Bureau released non-binding principles Wednesday for third parties that use consumer financial data to help guide the development of innovative but safe fintech solutions.

Reuters, Oct. 19, 2017–David MorganThe budget resolution contains a legislative tool called reconciliation, which would enable Republicans, who control the 100-seat Senate by a 52-48 margin, to move tax legislation through the Senate on a simple majority vote. Otherwise, tax reform would need 60 votes and would likely fail.

Wall Street Journal, Oct. 17, 2017–Peter Grant (subscription)Much of the capital behind the mixed-use project on Manhattan’s far west side is foreign.

HousingWire, Oct. 17, 2017–Brena SwansonAs the debate around what tax reform looks like heightens, the Mortgage Bankers Association is jumping in on the conversation, saying that they support the opportunity for comprehensive tax reform.

Wall Street Journal, Oct. 17, 2017–Esther Fung (subscription)The U.S. has far too many malls scrambling to attract consumers at a time when online shopping is tightening its grip. That doesn’t mean middling malls will die quickly, however.

National Mortgage News, Oct. 17, 2017–Bonnie Sinnock (subscription)Competition among fintech, marketplace and traditional mortgage lenders often focuses on borrower-facing automation and other technology. What gets overlooked is how differences in their funding sources create another area of competition.

HousingWire, Oct. 17, 2017–Kelsey RamirezGoldman Sachs reported higher net revenue in its third quarter earnings, driven in part by higher revenue from mortgages, which helped to offset losses in fixed income, currency and commodities client execution.

Bloomberg, Oct. 17, 2017–Patrick ClarkBounded by the Pacific Ocean and two of the Los Angeles area’s most exclusive country clubs, the 90402 zip code would meet most definitions of prime real estate. In fact, according to a new study, it’s the most exclusive address in the U.S.