UExpress.com, Feb. 17, 2017–Lew SichelmanEven after 51 consecutive months of a below-normal supply of homes for sale, the picture for buyers this year is expected to be even more challenging.
Category: Top National News
Leading Economic Indicator Points to Accelerating Growth in 2017
MarketWatch, Feb. 17, 2017–Greg RobbThe U.S. leading economic index had its second strong increase since the election and if the trend continues it could point to acceleration in economic growth, the Conference Board said Friday.
Q4 2016 Commercial and Multifamily Originations Up 20 Percent
National Mortgage Professional, Feb. 20, 2017–Phil HallCommercial and multifamily mortgage originations saw a 20 percent spike between the third and the fourth quarters, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Two Firms Partner to Launch New Mortgage Company
HousingWire, Feb. 20, 2017–Kelsey RamirezTwo firms, Jack Conway and New Penn Financial announced the launch of a joint-venture mortgage company–Conway Financial Services.
Ocwen Agrees to Big Penalties to Resume Business in California
National Mortgage News, Feb. 17, 2017–Kevin Wack (subscription)Ocwen Financial has reached a deal with California authorities to resolve allegations that the mortgage servicing firm–a frequent target of regulators in recent years–again violated a range of state and federal laws.
Fannie Mae’s Focus Will Not Change with New Administration, CEO Says
National Mortgage News, Feb. 17, 2017–Brad Finkelstein (subscription)The change of power in the White House will not affect Fannie Mae’s focus for 2017 in bringing innovations similar to the Day 1 Certainty program to its customers, CEO Timothy Mayopoulos said in an interview.
Nearly $800 Million in GSE Loans for Sale
Mortgage Daily, Feb. 17, 2017Nearly $800 million in distressed government-sponsored enterprise residential loans have been put on the auction block.
MGIC Relaxes Program Requirements
Mortgage Daily, Feb. 21, 2017MGIC has relaxed some of its underwriting guidelines. Among the changes are higher loan-to-value ratios, increased loan amounts and reduced credit scores.
CMBS Issuance Down as Multifamily, GSE Lending Up
Mortgage Daily, Feb. 21, 2017Estimates were based on an analysis of CRE lending reports issued by the Mortgage Bankers Association.
MBA Special Report: Cautious Optimism in 2017
Commercial Property Executive, Feb. 21, 2017–Sanyu KyeyuneMBA Chairman Rodrigo López, CMB, pointed out three components of MBA’s blueprint for 2017: ensuring regulations promote the efficient flow of capital, deploying transformational technology to better serve customers and developing a workforce as diverse as its customers.