Category: Top National News

Reuters, Apr. 18, 2017–Dan Freed, Nikhil SubbaBank of America Corp’s quarterly profit rose 44 percent as its investment banking and trading units produced hefty gains, and higher long term interest rates also underpinned results for the second-largest U.S. bank.

Mortgage Daily, Apr. 18, 2017Secondary market giant Freddie Mac expects industry-wide mortgage production to come in at $443 billion in the second quarter then dip to $432 billion three months later.

Mortgage Daily, Apr. 18, 2017A new high-tech operations facility being built by Regions Bank in Mississippi is expected to create dozens of new jobs mostly in its mortgage business.

National Real Estate Investor, Apr. 18, 2017–Elaine MisonzhnikAs suburban office markets come back into fashion, some have experienced greater demand from tenants than others.

Wall Street Journal, Apr. 18, 2017–Peter Grant (subscription)The U.S. office market became more tenant-friendly in the first quarter in many big cities as a seven-year expansion slowed, said Cushman & Wakefield.

National Mortgage News, Apr. 18, 2017–Brian Collins (subscription)Lawmakers from both political parties are showing an interest in improving disclosures for loans used to upgrade home heating and cooling systems, including the installation of solar panels, an idea that has some in the industry increasingly nervous.

HousingWire, Apr. 18, 2017–Kelsey RamirezCredit availability remained steady in the fourth quarter of 2016, well below pre-recession levels, according to the Credit Availability Index from the Urban Institute’s Housing Finance Policy Center.

World Property Journal, Apr. 17, 2017–Michael GerrityAccording to the Mortgage Bankers Association’s Annual Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of chartered banks in the U.S. made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015.

Mortgage Compliance Magazine, Apr. 17, 2017No matter how or why lenders have required flood insurance on a property, if the flood insurance lapses during the term of the covered loan, it’s a problem.

Mortgage Orb, Apr. 17, 2017–Josh FriendToday’s consumers are technologically savvy and demand a digital mortgage experience. Increasingly, they expect faster response times, engaging connection and a streamlined process from their mortgage companies. Although these demands are forcing new technological innovations, many mortgage companies are still far behind in meeting these needs.