Category: Top National News

Mortgage Daily, May 9, 2017Preliminary volume of home loans closed in February was lower than any month in the past 16 years, said ATTOM Data Solutions.

Mortgage Daily, May 9, 2017Loan originations and servicing contracted on a quarter-over-quarter basis at Fairway Independent Mortgage Corp. But headcount continued to expand.

Wall Street Journal, May 10, 2017–Jon Sindreu (subscription)Central banks have been the world’s biggest buyers of government bonds and may soon turn into sellers-a tidal shift for global markets. Yet investors can’t agree on what that shift will mean.

National Mortgage News, May 10, 2017–Kate Berry (subscription)The Consumer Financial Protection Bureau plans to launch an inquiry into small-business lending, the first step toward crafting a rule for the collection and reporting of small-business lending data.

Forbes, May 8, 2017–Brad ThomasThe commercial real estate market is in enjoying extra innings of the cycle and that means investors should stay focused for opportunities to diversify and take advantage of the continued economic recovery.

Wall Street Journal, May 8, 2017–Michael Rapoport (subscription)Banks are trying to enlist the Trump administration to fight a new accounting rule requiring them to book losses on soured loans more quickly, potentially setting the stage for a clash between the Treasury Department and the Securities and Exchange Commission.

National Mortgage Professional, May 8, 2017–Phil HallAccording to new data, San Jose and San Francisco scored the greatest post-crash price growth. Since 2011, San Jose saw a 57 percent housing price upswing, with a median home price reaching $835,200 in 2016, while San Francisco recorded a 53 percent post-crash price growth to a 2016 median home price of $754,500.

National Mortgage News, May 8, 2017–Brad Finkelstein (subscription)It’s been nine years since the first of three major failures of private mortgage insurance carriers during the financial crisis, the result of widespread foreclosures that decimated capital reserves across the entire business.

National Mortgage News, May 8, 2017–Kate Berry (subscription)Fannie Mae and Freddie Mac issued proposals Monday to create pilot programs for loans on mobile homes, part of an ambitious federal effort to find creative solutions for underserved and rural housing markets.

HousingWire, May 8, 2017–Brena SwansonJoseph Murin, former president of Ginnie Mae from 2007 to 2008 under former President George W. Bush, is pretty confident that the 115th Congress can finally tackle GSE reform, he told the Mortgage Bankers Association in this MBA Insights piece.