Category: Top National News

Reuters, Mar. 15, 2017–Lucia MutikaniU.S. retail sales recorded their smallest gain in six months in February amid delays in tax refunds, but the biggest rise in the annual inflation rate in nearly five years pointed to rising price pressures that could support further interest rate hikes.

Wall Street Journal, Mar. 16, 2017–Liz Hoffman; Serena Ng (subscription)Goldman Sachs Group Inc. has become the largest buyer of severely delinquent home loans from mortgage giant Fannie Mae over the past year and a half, acquiring nearly two-thirds of $9.6 billion in loans the agency has auctioned, government records show.

HousingWire, Mar. 15, 2017–Brena SwansonDemocrats are racing against the clock to defend the embattled Consumer Financial Protection Bureau, which has a growing pile of government and judicial scenarios at play trying to overhaul it or abolish it altogether.

Mortgage Daily, Mar. 15, 2017The volume of loans used to finance a home purchase is expected to see a 60 percent quarter-over-quarter surge as refinances drop.

Mortgage Daily, Mar. 15, 2017Ellie Mae said as refinances took up a smaller share of monthly residential loan originations, government share widened, and loan approvals got easier.

GoRion, Mar. 14, 2017–Sam BourgiTechnological innovation is disrupting every aspect of the financial industry. Experts say the $14 trillion mortgage market could be next.

Forbes, Mar. 14, 2017–Ellen ShengChinese investors were the single largest group of foreign investors in commercial real estate in the U.S. last year, with deal volumes reaching a record high of $19.2 billion, up 10 percent from $17.3 billion in 2015.

Chicago Tribune, Mar. 14, 2017–Kenneth HarneyThe Trump administration may not be fond of Federal Housing Administration-insured mortgages–the president canceled a cut in fees for new loan applicants as one of his first official actions–but millennial homebuyers apparently are big fans.

Mortgage Daily, Mar. 14, 2017As the sale of Banc of California Inc.’s mortgage business approaches, the financial institution has disclosed plans to layoff more than a hundred employees.

Mortgage Daily, Mar. 14, 2017–Sam GarciaFrom the board room to the C suites, mortgage firms are making executive changes. In addition, two companies made management changes in their wholesale divisions.