Category: Top National News

National Mortgage News, July 12, 2017–Brian Collins (subscription)New data shows large commercial banks are increasing their originations of single-family construction loans, but these loans still represent a small percentage of their total assets.

HousingWire, July 12, 2017–Kelsey RamirezMillennials are entering the housing market, many for the first time, and fighting over the limited housing inventory available, according to May’s Millennial Tracker report from Ellie Mae. However, the reasons they are buying homes are not from the usual motivation: Starting a family.

Mortgage Orb, July 12, 2017–Jason NadeauThere’s a reason that so few people have a firm grasp on what blockchain technology is and does. It’s because it is not just one thing, and understanding its different uses can be complicated.

Housing Wire, July 12, 2017–Brena Swanson As shoppers scoured Amazon’s website on Tuesday for its annual Prime day deals, the online shopping giant quietly disclosed a new service coming soon to its users, which would embark into the world of real estate and turn it into a competitor with Zillow and Redfin.

Mortgage Daily, July 12, 2017The co-issue flow offering is for MSRs on between $60 million and $90 million per month in Fannie Mae and Freddie Mac residential loans.

Mortgage Daily, July 12, 2017Monthly business turned lower at the Federal Housing Administration, and a further decline is likely. Meanwhile, delinquency deteriorated.

CNBC, July 12, 2017–Diana OlickAngel Oak is one of very few firms offering these private-label mortgage-backed securities – the ones that were so very popular during the last housing boom and which were later blamed for the financial crisis.

HousingWire, July 12, 2017–Ben LaneFor the second time in 2017, Fannie Mae is lowering the benchmark interest rate for standard mortgage modifications.

Financial Times, July 12, 2017–Joe Rennison (subscription) Wells Fargo has been sued by Pimco for withholding money allegedly owed to bond investors, in a dispute that could have implications for billions of dollars still locked up in US mortgage securities created before the financial crisis.

Wall Street Journal, July 13, 2017–Josh Barbanel (subscription)Manhattan renters preparing to sign an apartment lease might want to ask the landlord to cut a deal first. Although the market usually tightens during the peak spring and summer seasons, landlords are offering more concessions even as rents remain high.