Category: Top National News

Philadelphia Inquirer, Jan. 26, 2017–Von Bergen, Jane M.Jerry Schiano is counting on a wave of Millennials finally starting to buy homes.

CNBC, Jan. 25, 2017–Olick, Diana Mortgage rates moved solidly higher last week, but lenders saw no letup in loan demand. “While this was the first rate increase in January, rates remain about 10 basis points lower than four weeks ago,” said Mortgage Bankers Association Vice President Lynn Fisher.

National Real Estate Investor, Jan. 25, 2017–Razin, ElyCommercial real estate is typically seen as a pretty safe bet–and New York City as a pretty stable place to make that bet. So who will the big New York City lenders be in 2017?

HousingWire, Jan. 25, 2017–Swanson, BrenaMortgage applications moved slightly higher, increasing 4 percent from one week earlier, the Mortgage Bankers Association said.

Wall Street Journal, Jan. 25, 2017–Kirkham, ChrisAs affordable-housing advocates push back against environmental challenges to what they view as sensible development proposals, some are taking the fight to court.

Washington Post, Jan. 25, 2017–Harney, Kenneth The small-scale owners of millions of rental homes, parcels of investment land and income-producing commercial and business real estate may not know it, but one of their key financial planning and tax tools is in danger of disappearing on Capitol Hill.

USA Today, Jan. 25, 2017–Davidson, Paul House flipping is back. Flipping–defined as the sale of a home at least twice within a year–made up 6.1 percent of all home sales in 2016, up from 5.3 percent the previous year and the highest level since 2006, Trulia reported.

National Mortgage News, Jan. 25, 2017–Sinnock, Bonnie; Finkelstein, Brad The Dow Jones Industrial Average crossed the 20,000 threshold for the first time Wednesday, but the post-election stock market rally has produced a mixed bag for mortgage demand and the industry’s publicly traded companies.

Yahoo! Finance, Jan. 25, 2017–La Roche, JuliaMBA President and CEO David Stevens disputed Bove’s claim that FHA failed to make good on its insurance, noting that FHA has paid every claim to its investors.

New York Times, Jan. 25, 2017–Cowley, StacyThe expired Obama-era program–known as HAMP, the Home Affordable Modification Program–was widely criticized for its poor execution. “There’s tremendous public good in having an industrywide approach,” said Justin Wiseman, the director of loan administration policy at the Mortgage Bankers Association, a trade group. “No one wants things to revert to what we had before.”