Category: Top National News

Mortgage Daily, June 8, 2017HUD is selling reverse mortgages where the original borrowers in the transactions have died. HUD is marketing mortgage pools that consist of approximately 885 reverse mortgages.

Mortgage Daily, June 8, 2017After swallowing up a recent acquisition, Home Point Financial Corp. has announced its new management lineup, including some of the acquired firm’s leaders.

HousingWire, June 8, 2017–Ben LaneThe acquisition comes on the heels of Howard Hanna’s 2016 acquisition of RealtyUSA, the largest real estate broker in New York. That deal made Howard Hanna, already the largest real estate broker in Pennsylvania and Ohio, into what the companies called the “third-largest real estate company in the United States.”

Wall Street Journal, June 8, 2017–Josh Zumbrun (subscription)The total net worth of U.S. households climbed by $2.3 trillion in the first quarter of 2017, reaching a record $94.8 trillion as the stock market soared and home prices climbed in many parts of the country.

CNBC, June 7, 2017–Diana OlickHomebuyers and homeowners saw a rip in the ever-rising interest rate continuum last week and jumped right in. “Purchase application volume increased to its highest level since May 2010,” said Mortgage Bankers Association Economist Joel Kan.

Real Estate Weekly, June 7, 2017–Christian Brazil BautistaOpen shop construction, where both union and non-union firms work different portions of a job site, has become commonplace in residential projects. Now there are signs that the model may soon migrate to the commercial sector.

Commercial Observer, June 7, 2017–Guelda VoienWhen it comes to the matter of the government’s role in multifamily lending, it’s like having a record on repeat.

U.S. News & World Report, June 7, 2017–Peter Tobias  There is a false narrative going around town about first-time homebuyers and it could be dangerous to the very group it purports to describe.

Mortgage Daily, June 7, 2017Allegations by the Consumer Financial Protection Bureau that Fay Servicing LLC illegally moved forward with foreclosures on distressed borrowers who were actively seeking help have been settled.

Charlotte Observer, June 7, 2017–Rick RothackerThe Justice Department has weighed in on a long-running whistleblower lawsuit against Wells Fargo & Co. in a move that could aid the two former employees that brought the case against the San Francisco-based bank.