Reuters, Feb. 6, 2017–Howard SchneiderLoan officers at U.S. banks reported largely unchanged lending standards and slightly looser terms for business loans in the last three months of 2016, the Federal Reserve reported Monday in a quarterly survey.
Category: Top National News
Now is the Time to Buy Real Estate and Create Significant Wealth
Black Enterprise, Feb. 6, 2017–Selena HillAIA Group Chairman Shawn Baldwin discussed how and why African Americans should purchase property while Trump is in office as a means to generate wealth.
Q3 Mortgage Daily Mortgage Employment Index Expands
Mortgage Daily, Feb. 6, 2017More recently, mortgage staffing has climbed to an estimated 697,700 as of Dec. 31.
Investments Made in Mortgage Firms
Mortgage Daily, Feb. 6, 2017–Sam GarciaRecent mortgage-related mergers & acquisitions.
Growth in Guild Mortgage Servicing, Staff
Mortgage Daily, Feb. 6, 2017Despite slowing loan production at Guild Mortgage Co., the company experienced growth in its servicing portfolio and its staffing.
Flagstar to Buy Correspondent Lending Platform from Stearns
National Mortgage News, Feb. 6, 2017–Paul DavisThe deal includes about 250 correspondent relationships accounting for more than $7 billion of annual agency and governmental residential mortgage loan production.
Office Landlords Leverage Co-Working Style Designs to Retain Tenants
National Real Estate Investor, Feb. 3, 2017–Patricia KirkOffice building landlords are now outfitting lobbies with amenities and creating indoor and outdoor spaces where building occupants can work, socialize and meet with each other or clients.
Why Malls Are Closing and How Granite Run Mall Seeks to Defy the Trend
Philadelphia Daily News, Feb. 3, 2017–Suzette ParmleyBET Investments took a leap of faith when it acquired the ailing Granite Run Mall in 2013 for $24.2 million. The previous owner had walked away from a $128 million loan on the abandoned suburban mall, leaving the keys and mortgage to the lenders.
Warren’s Regulatory Beast is Under Fire–And Rightfully So
The Hill, Feb. 3, 2017–John AgostinelliSen. Elizabeth Warren, D-Mass., who led the establishment of the Consumer Financial Protection Bureau, has vowed to fight any changes to the regulator. David Stevens, CEO and president of the Mortgage Bankers Association said, “We are now in an environment in which the pendulum has clearly swung too far and created the most extraordinary regulatory framework that has ever existed in the nation.
Court Blocks Dem Efforts to Intervene in CFPB Case
National Mortgage News, Feb. 3, 2017–Kate BerryA federal appeals court on Thursday denied efforts by 16 Democratic attorneys general, several consumer groups and two Democratic lawmakers to defend the Consumer Financial Protection Bureau in a critical case.