Category: Top National News

Mortgage Daily, June 5, 2017As expected, new mortgage business turned sharply lower during the week that included Memorial Day. Business unexpectedly sank, though, from a year ago.

Mortgage Daily, June 2, 2017Performance on securitized commercial real estate loans was worse in any month since 2015, said Morningstar Credit Ratings LLC.

Washington Times, June 4, 2017–David SherfinskiCongressional Republicans say they will preserve popular tax breaks for charitable giving and mortgage interest, but advocacy groups say even if they aren’t directly targeted, nonprofits and the housing industry are likely to take hits. Some analysts are anticipating as much as a 10 percent drop in home prices if Republicans go ahead with its tax plans, which would flatten out the system.

HousingWire, June 1, 2017HousingWire magazine named Mortgage Bankers Association Associate Director Ashley Gunn a 2017 Rising Star.

MarketWatch, June 1, 2017–Andrea RiquierThe benchmark rate for home loans remained in free fall in the most recent week after lackluster economic data implied the Federal Reserve may be slower to raise interest rates than it expects, mortgage provider Freddie Mac said Thursday.

Bloomberg Markets, June 1, 2017–Light, Joe; Basak, Sonali Paulson & Co. and Blackstone Group LP are among investors backing a proposal that Fannie Mae and Freddie Mac be recapitalized and released from U.S. control without legislation. MBA President David Stevens said his group doesn’t believe Moelis’s proposal would sufficiently reform the market.

HousingWire, June 1, 2017–Hoffman, Debbie; Oguz, Matt Blockchain has morphed into a technology tool that can be utilized across industries in a variety of capacities, including in mortgage lending.

National Real Estate Investor, June 1, 2017–Diana Bell This year the commercial real estate sector has seen an increase in flight-to-quality strategies, a widened bid-sell gap and uncertainty related to the effects of monetary policy. It appears the industry may be coming to terms with a slowing market.

Reuters, June 1, 2017The Federal Reserve bought $4.1 billion of agency mortgage-backed securities in the week from May. 25 to May. 31, compared with $5.2 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.

Mortgage Daily, June 1, 2017Monthly securitizations of single-family loans backed by the agencies moved up from a month earlier but retreated compared to a year earlier.