Financial Times, Mar. 27, 2017–Alistair Gray (Subscription)Deutsche Bank has become the biggest commercial property lender in New York City, expanding real estate financing more than a third even as rivals step back in the face of scrutiny from regulators concerned about a bubble.
Category: Top National News
The World of Loan Origination Systems
Mortgage Daily, Mar. 27, 2017–Sam GarciaThe 2017 Technology Insights Survey from STRATMOR Group included results data to assess the LOS landscape’s readiness for coming digital mortgages.
Home Purchase Financing to Rise, Refis to Drop
Mortgage Daily, Mar. 27, 2017While quarterly and annual mortgage refinance production is expected to tumble, the volume of loans to finance home purchases is predicted to climb.
Rates Hurt Spring Purchase Financing Outlook
Mortgage Daily, Mar. 27, 2017Rising interest rates on residential loans have senior mortgage banking executives less optimistic about spring home purchase financing than a year ago.
Ocwen Now One Giant Step Closer to Acquiring MSRs Again after New NYDFS Agreement
HousingWire, Mar. 27, 2017–Ben LaneIt appears that Ocwen could be on the brink of returning to the mortgage servicing rights market full force, after the nonbank announced Monday that it reached a new agreement with the NYDFS, which paves the way for the complete removal of the MSR restrictions.
Tech Talk at MBA: Do We Build Technology or Do We Partner?
HousingWire, Mar. 27, 2017–Brena SwansonNo one in the mortgage industry needs to be convinced about the power, prominence and appeal of technology anymore. Despite the industry’s initial reluctance to integrate more technology into its processes, innovation and automation are now watchwords in the industry.
End of an Era on Goldman’s Mortgage-Trading Desk
Wall Street Journal, Mar. 27, 2017–Liz Hoffman (subscription)The departure of Michelle Gill, who headed Goldman’s mortgage-securitization business, is the end of an era of sorts.
Health Care Repeal Failure Complicates Rollback of Dodd-Frank
National Mortgage News, Mar. 27, 2017–Ian McKendry (subscription)House Republicans’ failure to repeal the Affordable Care Act – an issue that has animated the party caucus since its passage in 2010 – has thrown into question their ability to enact regulatory relief.
Mortgage Performance Continues to Improve
MReport, Mar. 24, 2017–Seth WelbornOverall mortgage performance continues to improve, according to the Office of the Comptroller of the Currency’s Mortgage Metrics Report for Q4 2016.
What to Expect at #MBATech17
National Mortgage News, Mar. 24, 2017 (subscription)Mortgage industry vendors are getting ahead of the rush of new product releases and upgrade announcements that come during the Mortgage Bankers Association’s annual technology conference.