Category: Top National News

Wall Street Journal, Feb. 28, 2017–Michael S. Derby (subscription)The Federal Reserve will be carefully considering whether to raise short-term interest rates at its meeting in two weeks, two top officials suggested Tuesday, reinforcing recent similar messages from other members of the central bank.

National Mortgage News, Feb. 28, 2017–Andy Peters (subscription)Wells Fargo said it plans to hire scores of minority salespeople, step up lobbying for policies to boost homeownership and form community partnerships to accelerate mortgage lending to black consumers.

Consumer Affairs, Jan. 27, 2017–Mark HuffmanInterest rates are on the rise. In the latest report from the Mortgage Bankers’ Association, the average rate for a 30-year fixed-rate mortgage rose slightly in mid-February to 4.36%. For many people that seems high, since rates have bounced between 3.5% and 4.0% over the last few years.

National Mortgage News, Feb. 27, 2017–Jacob Passy (subscription)Home prices rose by more on a monthly basis in New York than in any other state in the country, according to Black Knight Financial Services.

Wall Street Journal, Feb. 27, 2017–Ryan Tracy (subscription)A group of former senior regulators and academics is warning against efforts to deregulate the financial system, issuing a statement Monday that argues financial institutions today are even more at risk of losses during an economic downturn than in the past.

HousingWire, Feb. 27, 2017–Kelsey RamirezWhile previous estimates showed cash and distressed sales hitting their pre-crisis marks in 2018 or even 2019, the newest report estimates that the market could see pre-crisis levels as soon as this Summer, according to a new report from CoreLogic.

HousingWire, Feb. 27, 2017–Kelsey RamirezOn Friday President Donald Trump continued his criticism of the Dodd-Frank Wall Street Reform and Consumer Protection Act, saying that the law prevents banks from lending.

Bloomberg, Feb. 27, 2017–Craig TorresIf some American banks are too big to fail, others have begun to feel they’re too small to succeed.

Mortgage Daily, Feb. 27, 2017The U.S. Mortgage Market Index from OpenClose and Mortgage Daily was 130 in the week that ended on Feb. 24, which included Presidents Day.

Mortgage Daily, Feb. 27, 2017Mortgage servicing rights are for sale on over $1 billion in government-sponsored enterprise loans with a California concentration.