Category: Top National News

HousingWire, Mar. 22, 2017–Kelsey RamirezThe HPI increased every month since early 2012, the only exception being November 2013 and now, January, when home prices remained flat on a month-over-month basis.

Mortgage Daily, Mar. 22, 2017–Sam GarciaPlans to increase spending on social media resources during 2017 reflect the significance of the medium, with three-quarters of bankers calling it important.

Bloomberg, Mar. 22, 2017–Caleb Melby; David KocieniewskiThe Manhattan tower co-owned by the family of Jared Kushner, President Donald Trump’s son-in-law, has been losing money for three years and faces increasing loan fees in 2017, which may explain why the family has been negotiating with Chinese insurance behemoth Anbang on new financing.

Mortgage Daily, Mar. 22, 2017Black Knight Financial Services reported for the third month in a row, the share of mortgages that were past due at least one month or in the foreclosure process has moved lower.

HousingWire, Mar. 22, 2017–Ben LaneThe nonbank announced Wednesday that it named Amar Patel, who previously spent 10 years with the company, as its interim chief financial officer.

Wall Street Journal, Mar. 21, 2017–Laura Kusisto (subscription)The possibility of a tax-code overhaul is casting a shadow over the $10 billion affordable-housing industry, which receives tax credits so valuable they often determine whether or not projects get off the ground.

HousingWire, Mar. 21, 2017–Brena SwansonThe Mortgage Bankers Association report says independent mortgage banks had to deal with the positive and negative side effect of rising interest rates.

CNN Money, Mar. 21, 2017–Matt EganThe notorious sales goals at the heart of the Wells Fargo scandal bear similarities with the flawed compensation systems that fueled the mortgage crisis, said New York Federal Reserve President Bill Dudley.

Mortgage Daily, Mar. 21, 2017Since the Dodd-Frank Act was enacted in 2010, 1,917 banks have disappeared.

National Mortgage Professional, Mar. 21, 2017–Phil HallPotential existing home sales decreased to a 5.7 million seasonally adjusted, annualized rate in February while the market potential for existing home sales fell by 0.5 percent compared January, a 28,000 sales decline, according to data released by First American Financial Corp.