Category: Top National News

HousingWire, Feb. 27, 2017–Brena SwansonState National Bank of Big Spring, Texas won’t back down easily. The bank continues to try and weigh in on the landmark case between PHH and the Consumer Financial Protection Bureau.

HousingWire, Feb. 24, 2017–Ben LaneIf Fannie and Freddie reform does take place, one of the beneficiaries could be private capital, which has been largely absent from the mortgage market since the crisis.

HousingWire, Feb. 24, 2017–Brena SwansonThe order directs federal agencies to make “regulatory reform” task forces, which will evaluate federal rules and recommend whether to keep, repeal or change them.

Bloomberg, Feb. 24, 2017–Jordan YadooThe largest share of Americans in decades believes the labor market still has room to grow.

Reuters, Feb. 24, 2017–Lucia MutikaniNew U.S. single-family home sales rose less than expected in January, likely held back by heavy rains and flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates.

UExpress, Feb. 24, 2017–Lew SichelmanRising mortgage rates and higher prices are likely to bring an increase in a concept known as equity sharing, especially for first-time buyers who are short on money for the down payment and closing costs.

Mortgage Daily, Feb. 24, 2017Quarterly home lending sank by over a fourth at Impac Mortgage Holdings Inc. and is likely plunging during the current quarter.

Mortgage Daily, Feb. 24, 2017First American Financial Corp., which reported the index Friday, noted that it was the second consecutive month-over-month increase.

Mortgage Daily, Feb. 24, 2017–Sam GarciaDan Hanson is the new chief retail production officer at loanDepot LLC.

National Mortgage News, Feb. 24, 2017–Jacob Passy (subscription)Ocwen Financial Corp. has reserved $12.5 million to put toward a potential settlement with the Consumer Financial Protection Bureau.