Mortgage Daily, Feb. 1, 2017In addition to boosting its annual home-lending volume by more than half, Movement Mortgage LLC added nearly a thousand employees last year.
Category: Top National News
Explicit Federal Guarantee Is Key to Ending GSE Conservatorship
National Mortgage News, Jan. 31, 2017–Rodrigo Lopez, CMBMBA Chairman advocates new model for reforming the secondary mortgage market.
Fannie Mae-Freddie Mac Should Be Utilities, Trade Group Says
Bloomberg, Jan. 31, 2017–Joe LightThe Mortgage Bankers Association, a powerful housing trade group, is wasting no time in pushing the Trump administration and Republican-led Congress to address one of the last unresolved issues from the financial crisis, outlining a proposal Tuesday to overhaul mortgage-finance giants Fannie Mae and Freddie Mac.
Step One: MBA Reveals Plans to Reform Fannie Mae and Freddie Mac
HousingWire, Jan. 31, 2017–Brena SwansonThe largest trade group in the mortgage finance space, the Mortgage Bankers Association, released its initial plans for its recommended approach for secondary mortgage market reform, unveiling the first product from its recently formed “task force,” which is made up of some of the top lenders and insurers in the industry.
S&P: Private Mortgage Insurance All Set for Another Banner Year
HousingWire, Jan. 31, 2017–Jacob GaffneyS&P Global Ratings just published its 2017 outlook for U.S. private mortgage insurers. It’s pretty good news, too.
Why the Homeownership Rate Isn’t Likely to Take Off Anytime Soon
Wall Street Journal, Jan. 31, 2017–Kusisto, LauraThe rate is being dragged down by tight credit and young households putting off purchasing their first homes.
No Surprise Here: Home Prices Keep Rising
National Mortgage Professional, Jan. 31, 2017–Phil HallThe S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.6 percent annual gain in November, up from 5.5 percent in October.
Another Illegal Fee Settlement at Prospect Mortgage
Mortgage Daily, Jan. 31, 2017A little more than a year after Prospect Mortgage LLC settled allegations of illegal fees received by an appraisal affiliate, it has reached another illegal fee settlement.
John Alvarado: Creating a Real Estate Legacy
D Magazine, Jan. 31, 2017–John AlvaradoNew talent is beginning to make its mark on the commercial real estate arena. Legacy names. The children of highly successful and influential developers, investors, attorneys and brokers are beginning to filter into the professional ranks.
Fannie Eases Appraisal Requirements
Mortgage Daily, Jan. 31, 2017Policy updates and clarifications made by Fannie Mae will make appraisal reports easier to complete.