Washington Post, June 15, 2017–Kathy OrtonMortgage rates moved slightly higher this week, reversing their month-long slide. (MBA Mike Fratantoni mention)
Category: Top National News
Wells Fargo Denies New Allegations of Improper Mortgage Changes
The Street, June 15, 2017–Kinsey GrantWells Fargo spokesman Tom Goyda said the borrowers were notified of the changes, which have helped over one million families avoid foreclosure.
Ally Bank Offers 0ffers 0.125% Interest Rate Discount to Entice New mortgage Customers
HousingWire, June 15, 2017–Ben LaneAccording to Ally, the 0.125% discount is available for customers who apply for a new loan or a refinance and lock in the rate between June 1 and July 31.
Fewer Banks Offer Mortgages as Non-Banks Grow
Mortgage Daily, June 15, 2017The number of financial institutions offering mortgages has fallen, while non-bank providers are up. The shift pushed up non-bank loan officer share.
Increase in Mortgage Rates Likely to Be Reversed
Mortgage Daily, June 15, 2017–Sam GarciaEven though fixed interest rates on residential loans moved higher this past week, there is a good chance they will be lower in next week’s report.
U.S. Fed Buys $4.7 Billion of Mortgage Bonds, Sells None
Reuters, June 15, 2017The Federal Reserve bought $4.715 billion of agency mortgage-backed securities in the week from Jun. 8 to Jun. 14, compared with $5.753 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.
Lawmakers Remain Split as Regional Banks Press for Relief
National Mortgage News, June 15, 2017–Ian McKendry (subscription)Senate Banking Committee Chairman Mike Crapo sounded optimistic Thursday about reaching a bipartisan deal for regulatory relief, but a hearing with regional and large-bank representatives once again emphasized the gulf between what lawmakers are likely to pass and what the industry is seeking.
Fiserv Moves to Acquire London-Based Monitise for $90 Million
HousingWire, June 15, 2017–Ben LaneFiserv, which also provides financial services technology, said that the acquisition will help the company accelerate its digital strategy and the “development of a next-generation digital banking platform for leading financial institutions worldwide.”
Are Stagnant Wages Dimming the American Dream of Home Ownership?
GoRion, June 14, 2017–Sam BourgiHome prices are climbing more than twice as fast as earnings, making the American Dream of homeownership out of reach for many first-time buyers.
Homeownership Education is Evolving and It’s Good for Business
Fannie Mae, June 14, 2017–Mike HernandezFannie Mae vice president says industry must work harder to allow homeowner education to fit their needs.