Category: Top National News

Reuters, Apr. 7, 2017–Patrick RuckerThe Office of the Comptroller of the Currency, the lead regulator for national banks, stripped the examiner, Bradley Linskens, of his supervisory powers within the past two weeks, said three sources.

Boston Globe, Apr. 9, 2017–Hattie BernsteinMillennials are waiting longer, compromising more, and choosing the suburbs over the city when they purchase a first home. But the group of young adults born between the early 1980s and the mid-1990s aren’t all taking the same path to the American dream.

New York Times, Apr. 7, 2017–Gretchen MorgensonYou may not know much about Craig S. Phillips, special counselor to Steven Mnuchin, the United States Treasury secretary. Getting to know Mr. Phillips and his background is a worthwhile exercise, especially because he’s determining the Trump administration’s path forward on Fannie Mae and Freddie Mac, the mortgage finance giants that remain in conservatorship.

Washington Post, Apr. 9, 2017–Kenneth R. HarneyThough no major reform plan would eliminate the mortgage-interest deduction, House Republicans’ early blueprint would side-step it by almost doubling the standard deduction from $12,600 to $24,000 for joint filers ($12,000 for single filers).

Wall Street Journal, Apr. 7, 2017–Josh Zumbrun (subscription)President Donald Trump said he would nominate Kevin Hassett, an expert in tax policy and one of the most prominent economists at the conservative American Enterprise Institute, to serve as the chairman of the Council of Economic Advisers.

National Mortgage News, Apr. 7, 2017–Ian McKendry (subscription)A Senate Republican effort to use an obscure legislative process to restructure the Consumer Financial Protection Bureau could derail any bipartisan agreement on targeted changes to the Dodd-Frank Act.

HousingWire, Apr. 7, 2017–Brena SwansonMGIC designed the calculator to help mathematically show that waiting to save for a 20% down payment will likely cost prospective homebuyers.

Mortgage Daily, Apr. 10, 2017During all of last year, staffing in the mortgage industry expanded–though rising interest rates are likely to reverse recent gains. California experienced the biggest quarterly gain.

Mortgage Daily, Apr. 7, 2017A healthy increase in new purchase-money financing drove up new weekly home-lending activity. Government and jumbo mortgage business soared.

Mortgage Daily, Apr. 7, 2017Genworth Mortgage Insurance announced a reduction in the cost of its mortgage insurance premiums in a variety of lending circumstances.