Category: Top National News

Mortgage Daily, Feb. 3, 2017For the 10th month in a row, the size of the nation’s mortgage workforce has expanded. Healthy job growth was reported for all industries.

Mortgage Daily, Feb. 3, 2017In the week that ended on Feb. 3, the U.S. Mortgage Market Index from OpenClose and Mortgage Daily, which is not adjusted for seasonal factors, came in at 133.

Mortgage Daily, Feb. 3, 2017A concurrent flow servicing offering could work out to mortgage servicing rights on as much as $2.250 billion in government-sponsored enterprise loans.

Washington Examiner, Feb. 6, 2017–Joseph LawlerThe Mortgage Bankers Association, a key housing industry trade group, plans to lobby Congress and the Trump administration to effectively turn Fannie and Freddie into private utilities and to allow new entrants to compete with them on the same terms.

Bloomberg, Feb. 6, 2017–Liz McCormick; Matt ScullyAlmost a decade after it all began, the Federal Reserve is finally talking about unwinding its grand experiment in monetary policy. And when it happens, the knock-on effects in the bond market could pose a threat to the U.S. housing recovery.

Bloomberg, Feb. 2, 2017–Steve MatthewsA decade after the housing market collapsed, Federal Reserve officials are watching rising apartment towers as the next potential asset-price bubble, which could add to the debate about the pace of interest-rate hikes this year.

Milwaukee Journal-Sentinel, Feb. 2, 2017–Aamer MadhaniOne of the nation’s most iconic skyscrapers is getting a $500 million makeover.

Miami New Times. Feb. 2, 2017–Brittany ShammasMiami Beach city officials are considering requiring that future parking garages be built so they could be converted into workforce housing in case parking demand declines due to driverless cars.

Washington Post, Feb. 2, 2017–Kathy OrtonAccording to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average was unchanged this week at 4.19 percent with an average 0.5 point.

Wall Street Journal, Feb. 2, 2017–Josh BarbanelA new market report prepared for Douglas Elliman showed the average price of a townhouse fell by 9% in Manhattan in 2016.