Category: Top National News

HousingWire, July 17, 2017–Ben LaneThe standard modification program is “designed to help those borrowers who are ineligible for the Home Affordable Modification Program,” Freddie Mac said.

National Mortgage News, July 17, 2017–Kate Berry (subscription)A district court judge has ruled in favor of a Louisville, Ky., law firm that was sued by the Consumer Financial Protection Bureau in 2013 for allegedly paying illegal kickbacks in exchange for referrals.

National Mortgage News, July 17, 2017–Brian Collins (subscription)HUD is implementing reforms to its reverse mortgage program and providing more counseling resources for seniors who are considering the product, Secretary Ben Carson said Monday.

MarketWatch, July 14, 2017–Andrea RiquierMortgage revenues fell 26% compared to a year ago at JPMorgan, 52% at Citigroup Inc. and was down 19% at Wells Fargo.

National Mortgage Professional, July 14, 2017–Phil HallHome prices in June increased by 7.3 percent to a median sale price of $298,000, according to new data from Redfin.

National Mortgage News, July 14, 2017 (subscription)The amended final rule calls for entities like Fannie Mae and Freddie Mac to provide equal opportunity regardless of employees’ sexual orientation, gender identity and whether or not they are a parent, adding these categories to a list of other protected classes.

HousingWire, July 14, 2017–Ben LaneThe report comes from Chase Home Lending, which partnered with search-engine giant Google, to present a behind-the-scenes look at what homebuyers are Googling, and the results provide a window into what buyers really think.

Bloomberg, July 14, 2017–Michelle JamriskoRetail sales unexpectedly dropped for a second month in June, signaling consumers are providing only modest support for the U.S. economy, Commerce Department data showed Friday.

UExpress, July 14, 2017–Lew SichelmanThe farm-to-table movement, first popularized by restaurants and grocery stores wishing to showcase the freshness of their local ingredients and produce, is slowly gaining credence in residential real estate.

Mortgage Daily, July 17, 2017New residential lending activity made a healthy gain following the holiday week. Even more impressive was skyrocketing adjustable-rate mortgage activity.