Category: Top National News

Reuters, Aug. 7, 2017–Ann SaphirThe Federal Reserve can leave interest rates where they are for now because inflation is not likely to rise much even if the U.S. job market continues to improve, St. Louis Fed President James Bullard said on Monday.

GeekWire, Aug. 7, 2017–Monica NickelsburgFacebook has launched Dynamic Ads for Real Estate, its first ad product designed specifically for residential real estate brokerages.

Mortgage Daily, Aug. 7, 2017While quarterly earnings were solidly higher at Regions Financial Corp., mortgage income receded. Servicing grew with the acquisition of mortgage servicing rights during the quarter.

National Mortgage News, Aug. 7, 2017–Bonnie SinnockAfter Freddie Mac recently took steps to curb 1 percent down mortgages, new questions are emerging about how much risk the industry, and borrowers, should take with these products.

Mortgage Daily, Aug. 7, 2017Navy Federal Credit Union, Vienna, Va., reported a year-over-year increase in quarterly mortgage originations as much of the industry reported declines during the same period.

UExpress, Aug. 4, 2017–Lew SichelmanThere’s nothing that ticks off homebuyers more than their lenders taking time off. They don’t even like it when a lender shuts down for a federal holiday, like most businesses. In fact, according to one recent survey, they don’t like delays at all.

Forbes, Aug. 4, 2017Many startups and tech companies are focusing on the growing property technology sector. JLL recently expanded its tech capabilities by launching JLL Spark, an entity focused on creating new products, investments and supporting startups in the real estate tech industry.

Politico, Aug. 4, 2017–Colin WilhelmDespite promises from the Trump administration in April that it would “protect the homeownership … deductions,” multiple sources tracking tax reform said that the cap on the mortgage interest deduction–currently set at the interest on up to $1 million of mortgage debt–could be lowered in tax reform.

National Mortgage Professional, Aug. 4, 2017–Phil HallThe National Association of Home Builders’ 55+ Housing Market Index recorded a reading of 66 for the second quarter, up 11 points from the previous quarter.

National Mortgage News, Aug. 4, 2017–Brad Finkelstein (subscription)Nonbank mortgage employment rose for the fourth consecutive month in June, as loan production during the second quarter was higher than expected at the start of the year.