Category: Top National News

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.

National Mortgage Professional, Mar. 31, 2017–Phil HallSen. Mike Crapo, R-Idaho, chairman of the Senate Banking Committee, announced that he is seeking new bank reform legislation that can be forged with bipartisan support, rather than jettison the Dodd-Frank Act.

National Mortgage News, Mar. 31, 2017–Kate Berry (subscription)The Consumer Financial Protection Bureau racked up an impressive track record related to enforcement actions between its formation in 2011 and 2015, winning 122 cases without losing a single one. But that unblemished record has come to an abrupt end. More companies and individuals are challenging the CFPB’s authority, inspired in part by a successful suit by the nonbank mortgage lender PHH Corp. as well as a feeling that the agency has overplayed its hand.

National Mortgage News, Mar. 31, 2017–Kate Berry (subscription)Richard Cordray, director of the Consumer Financial Protection Bureau, defended the agency from industry allegations that the CFPB engages in “regulation by enforcement” in a speech to the U.S. Chamber of Commerce.

HousingWire, Mar. 31, 2017–Brena SwansonCongressional Democrats filed an amicus brief on Friday with the D.C. Circuit Court of Appeals in support of the Consumer Financial Protection Bureau.

HousingWire, Mar. 31, 2017–Ben LaneFriday, the company announced that it is growing its single-family rental portfolio again, in another deal with Amherst Holdings affiliates.

HousingWire, Mar. 31, 2017–Brena SwansonDespite the current lack of inventory in the housing market, homebuyers can still successfully close on a house with a low down payment, according to a survey this month of more than 800 Redfin real estate agents.