HousingWire, May 12, 2017–Nima GhamsariThere are a few best practices that can take some of the complexity out of getting a digital platform in place, and could end up saving your organization a huge amount of time and money in the long-run.
Category: Top National News
Real Estate’s New Normal: Homeowners Staying Put
New York Times, May 14, 2017–Conor DoughertyHomeowners are moving less, creating a drag on the economy, fewer commissions for real estate brokers and a brutally competitive market for first-time home shoppers who cannot find much for sale and are likely to be disappointed by real estate’s spring selling season.
Pros and Cons of Mortgage Servicer Diversification
Mortgage Daily, May 12, 2017Although a larger number of mortgage servicers results in some that present more risk, that is offset by the benefits of diversification.
Weekly Mortgage Market Index Down Ahead of Moms Day
Mortgage Daily, May 15, 2017The U.S. Mortgage Market Index from Mortgage Daily and OpenClose for the week the finished on May 12 fell by 11 percent.
Navy FCU’s Mortgage Headcount and Servicing Grow
Mortgage Daily, May 12, 2017While home lending slowed at Navy Federal Credit Union, it was off less than the industry as a whole. Mortgage staffing and servicing, meanwhile, increased.
The Retail Apocolypse is Coming–It Just May Take Longer than People Think
Business Insiders, May 14, 2017–Joe CiolliInvestors are wagering on closures and bankruptcies – events that would hurt holders of commercial mortgage-backed securities.
Republicans May be Able to Overturn Two Decades of Regulatory Guidance
National Mortgage News, May 12, 2017–Ian McKendry (subscription)Republicans are working on a plan that could extend its reach so that it may be used to overturn certain policies all the way back to 1996. Sen. Pat Toomey, R-Pa., has led the effort to explore the outer bounds of the obscure legislative process that had hardly been used before President Trump took office.
Mortgage Rates Edge Higher But Remain within a Narrow Band
Washington Post, May 11, 2017–Kathy OrtonThe 30-year fixed-rate mortgage rate ticked up to 4.05 percent with an average 0.5 point tis week compared to 4.02 percent a week ago.
Keeping Mortgage Giants Fannie and Freddie Under Government Control is Increasingly Risky, Regulator Says
MarketWatch, May 11, 2017–Andrea RiquierThe conservatorship that’s ensnared Fannie Mae and Freddie Mac ever since the financial crisis is increasingly unsustainable, warned the director of the mortgage giants’ regulator on Thursday.
AIG Plans to Name Brian Duperreault as Next CEO
Wall Street Journal, May 11, 2017–Joann S. Lublin, Leslie Schism (subscription)American International Group Inc. plans to name Brian Duperreault-a onetime lieutenant to former CEO Maurice R. “Hank” Greenberg-as the firm’s chief executive officer.