National Mortgage Professional, Apr. 20, 2016–Hall, Phil
Latest housing data points to a market where sales activity is experiencing a springtime burst of activity.
Category: Top National News
Trustee Claims on Legacy RMBS Are on the Clock
National Mortgage News, Apr. 20, 2016–Sinnock, Bonnie
New claims related to sellers of legacy mortgage-backed securities from the financial crisis may have peaked, but lawsuits against trustees and servicers may linger for at least a few more years.
Is TRID Hysteria Over? Time to Close Drops to 12-Month Low
HousingWire, Apr. 20, 2016–Lane, Ben
Despite initial hiccups and headaches, lenders now have this whole TRID thing figured out, as the time to close a loan fell to a 12-month low in March.
Why It’s Finally Easier to Get a New Mortgage
Money Magazine, Apr. 19, 2016–Salisbury, Ian
Today, 66 percent of refis are approved, and that’s not the only good sign for borrowers in search of a plain-vanilla mortgage-that is, a 20 percent down fixed- or adjustable-rate loan guaranteed by Fannie Mae or Freddie Mac.
Negative Mortgage Rates Are Real: Will Canadians Get Paid To Buy A House?
Huffington Post, Apr. 19, 2016–Tencer, Daniel
You may have heard about certain countries, mainly in Europe, whose central banks have dropped their interest rates to below zero. But what about mortgage rates that are below zero?
Global Real Estate Boom Is Coming to an End, U.K.’s Grosvenor Warns
Wall Street Journal, Apr. 19, 2016–Patnaude, Art
A major U.K. landlord warned Tuesday that the boom in global real estate is coming to an end.
Multifamily Investors Seek More Value-Add Deals
National Real Estate Investor, Apr. 19, 2016–Anderson, Bendix
Yield-driven multifamily investors are more and more likely to focus on fixing up older properties.
Banks Give New Focus to Commercial Real Estate Lending
National Mortgage Professional, Apr. 19, 2016–Hall, Phil
Commercial real estate lending is being viewed by banks as a major target of business activity, a new survey said.
How the Court Could Rule in the CFPB Constitutionality Case
National Mortgage News, Apr. 19, 2016–Berry, Kate
Despite a tough public grilling of the Consumer Financial Protection Bureau last week by two D.C. Circuit judges, several legal experts said a ruling against the agency and its director, Richard Cordray, may have a limited impact.
How to Master Shopping for a Mortgage Online
Money Magazine, Apr. 18, 2016–Salisbury, Ian
It’s not often that a TV ad for a financial product lights up Twitter. But that’s what happened after online lender Quicken Loans aired a minute-long ad touting its new Rocket Mortgage app during the Super Bowl, promising to let you quickly qualify for a mortgage right from your smartphone.