Category: Top National News

National Real Estate Investor, April 3, 2017–Eli RazinBank of the Ozarks, based in Little Rock, Ark., broke into CrediFi’s ranking of the top 10 New York City lenders in the fourth quarter of 2016 with over $500 million in loan originations and a 3.0 percent market share.

Courier-Post (Cherry Hill, N.J.), Apr. 3, 2017–Jim WalshPHH Mortgage Corp. and three insurers would pay more than $20 million under a proposed settlement of a class-action lawsuit brought by customers of the home-loan firm.

National Mortgage News, Apr. 3, 2017–Brian Collins (subscription)HUD Secretary Ben Carson said housing advocates should not worry about proposed funding cuts, arguing that they will be made up for as part of an eventual infrastructure bill from the administration.

National Mortgage News, Apr. 3, 2017–Brad Finkelstein (subscription)For would-be buyers, acquiring an established organization provides an easier path for adding top-producing talent and loan volume, rather than recruiting workers piecemeal and growing organically, STRATMOR Group said.

Bloomberg, Apr. 4, 2017–Oshrat CarmielCompleted purchases of previously owned homes rose 7.7 percent in the first quarter from a year earlier, reversing a stretch of five consecutive periods in which resales declined, according to a report released Tuesday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.

Mortgage Daily, Apr. 3, 2017A drop in securitizations at Freddie Mac pulled agency issuance down on a month-over-month and year-over-year basis.

Mortgage Daily, Apr. 3, 2017While reform of the government-sponsored enterprises is expected by many, changes to the Federal Housing Administration are expected more quickly.

Mortgage Daily, Apr. 3, 2017–Sam GarciaResidential lenders have a host of recently launched or enhanced services that will help them maintain compliance with mortgage rules, banking regulations and agency requirements.

UExpress, Mar. 31, 2017–Lew SichelmanBorrowing together has nothing to do with owning together. Ownership is determined by how you take the title — something most buyers don’t even think about until they get to the closing table.

National Real Estate Investor, Mar. 31, 2017–Patricia KirkChicago’s 43-year-old Willis Tower (formerly Sears Tower), which at 110 stories is the tallest building in Chicago and the nation, is getting a $500-million facelift, expected to be completed in 2019.