HousingWire, Apr. 21, 2017–Kelsey RamirezThe National Association of Hispanic Real Estate Professionals issued a statement of support for the Mortgage Bankers Association’s proposal for GSE reform.
Category: Top National News
Carson’s God-and-Bootstraps Message Fails to Hearten Housing Advocates
Politico, Apr. 23, 2017–Lorraine WoellertLess than two months into the job, Carson still holds forth on God and neurosurgery, but his views on housing policy remain largely a mystery.
Lenders Still Scared to Take Mortgage Risks
OC Register (Calif.), Apr. 23, 2017–Jonathan LansnerTwo indexes that track the nation’s ability to get a mortgage suggest lenders remain more generous than risk-averse days after housing’s bubble burst, but still there are no wild lending practices. That means you still need steady income and a pretty good payment history to close a home loan.
Cheaper Mortgages Could Spur Housing Market
Wall Street Journal, Apr. 23, 2017–Laura Kusisto (subscription)Mortgage rates dropped below 4% for the first time since November, providing more kindling to an already hot housing market as the crucial spring selling season gets under way.
Trump’s Industry, Real Estate, Poses Hurdle to Tax Overhaul
New York Times, Apr. 22, 2017–James B. StewartPresident Trump has promised a sweeping tax plan, arriving in the days ahead, that will be “bigger, I believe, than any tax cut ever.” It will aim to bring down individual and corporate rates, simplify the overall tax code and unleash economic growth. But there is a major roadblock to that fundamental change, and it comes from a sector well known to the president: the real estate industry.
Purchases Lead Weekly Mortgage Market Index Up
Mortgage Daily, Apr. 24, 2017A modest weekly increase in the U.S. Mortgage Market Index was led by loans to finance a home purchase. As rates retreated, adjustable-rate activity turned sharply lower.
MSRs on Over $2 Billion in Ginnie Loans for Sale
Mortgage Daily, Apr. 21, 2017A new offering has hit the market for mortgage servicing rights on more than $2 billion in Ginnie Mae loans.
New Chief Named for Citi’s Mortgage Business
Mortgage Daily, Apr. 21, 2017David Chubak has been named head of global retail banking and mortgage.
Now Is the Time–Make Housing Reform a Priority
HousingWire, Apr. 20, 2017–David Stevens, CMBMBA President and CEO outlines details of association’s proposal for future of Fannie Mae, Freddie Mac, secondary mortgage market.
Treasury’s Mnuchin Says Will Unveil Tax Reform Plan ‘Very Soon’
Reuters, Apr. 20, 2017–Jason Lange, Lindsay DunsmuirThe Trump administration will unveil a tax reform plan very soon, U.S. Treasury Secretary Steven Mnuchin said on Thursday.