HousingWire, June 20, 2017–Ben LaneLennar Corp. said Tuesday that it saw double-digit increases in revenue from home sales, deliveries of new homes, and orders for new homes in the second quarter.
Category: Top National News
Paul Ryan Talks Up Likelihood of Tax Overhaul
Wall Street Journal, June 20, 2017–Richard Rubin (subscription)House Speaker Paul Ryan, R-Wis., expressed confidence Tuesday that Republicans can “fix this nation’s tax code, once and for all” this year despite a long row of hurdles in front of them.
CFTC Poised to Lose Sole Democratic Commissioner Bowen in Coming Months
Reuters, June 20, 2017–Sarah N. LynchThe top U.S. derivatives regulator is about to lose its sole Democratic commissioner in the coming months, with Sharon Bowen announcing on Tuesday she intends to step down.
Nearly $300 Million in Freddie Mac Loans Sold
Mortgage Daily, June 20, 2017Nearly $300 million in re-performing and moderately delinquent single-family mortgages have been sold with a securitization to follow.
Mortgage Credit Risk Rises as Rates Increase
Mortgage Daily, June 20, 2017After declining to the lowest level of any quarter during the prior 16 years, credit risk on new single-family loans rose. Rising rates contributed to the deterioration.
Commercial Mortgages: Commercial Real Estate Values Are Peaking
Richmond (Va.) Times-Dispatch, June 19, 2017–Andrew LittleMuch like one of Tennessee’s state songs, Rocky Top, commercial real estate values are peaking and it is a little rocky at the top.
Midyear Mortgage Review
National Mortgage News, June 19, 2017–Austin Kilgore (subscription) From the Trump administration’s initial efforts at reg relief and GSE reform to dramatic shifts in the servicing landscape, here’s a look back at the top stories shaping the mortgage industry during the first half of 2017.
Comerica to Invest Up To $5M in Detroit Home Mortgage Program
Detroit Free Press, June 19, 2017–Susan TomporComerica Bank plans to invest up to $5 million in Detroit Home Mortgage–a program designed to cover the “appraisal gap” that hurts home sales in the city.
U.S. Banks Aren’t Passing on Higher Interest Rates to Customers…Yet: McGeever
Reuters, June 19, 2017–Jamie McGeeverU.S. banks are profiting from higher official interest rates by not commensurately increasing the rates paid out on deposits.
PHH Completes The Sale of its Freddie Mac MSRs to New Residential
National Mortgage News, June 19, 2017–Brad Finkelstein (subscripition)PHH Corp. completed the sale of its Freddie Mac mortgage servicing rights portfolio to New Residential Corp. on June 16.