Category: Top National News

Wall Street Journal, Apr. 10, 2016–Rudegeair, Peter; Demos, Telis
More online lenders are tapping the brakes on consumer marketing operations, a sign that diminished investor interest for some loans could hurt future revenue growth.

Wall Street Journal, Apr. 8, 2016–Kirkham, Chris
The group of Americans known as Generation X has suffered more than any other age cohort from the housing bust, according to an analysis of federal data, suggesting homeownership rates for that group could remain depressed for years to come.

HousingWire, Apr. 8, 2016–Lane, Ben
In a letter to Federal Housing Finance Agency Director Mel Watt, New York Attorney General Eric Schneiderman joins the chorus calling for Fannie Mae and Freddie Mac to reduce the mortgage balances of struggling borrowers.

Urban Institute, Apr. 7, 2016–Zandi, Mark
In today’s housing finance system, two behemoth institutions, Fannie Mae and Freddie Mac, control most of the core infrastructure of the secondary market and take on most of its credit risk. While in many ways this system has served the nation well by providing a broad range of borrowers access to credit and a level playing field for lenders of all sizes, our reliance on this duopoly created perverse incentives that ultimately led to too much risk taking, forcing taxpayers to shoulder the resulting cost. 

National Mortgage Professional, Apr. 7, 2016–Hall, Phil
For Joan Youngman, author of the new book A Good Tax: Legal and Policy Issues for the Property Tax in the United States, the animosity aimed at property taxes has more to do with its ubiquity than any toll it takes on a homeowner’s budget.

Washington Post, Apr. 7, 2016–Orton, Kathy 
Mortgage rates followed long-term Treasury yields downward, plummeting to lows not seen in more than a year.

MarketWatch, Apr. 7, 2016–Riquier, Andrea
Americans are becoming more and more credit-worthy, especially when it comes to home equity.

Wall Street Journal, Apr. 7, 2016–Glazer, Emily
In a proxy released Thursday morning, J.P. Morgan pushed back against a shareholder proposal for a bank breakup, pointing to its business synergies, benefits of scale and value to clients.

National Mortgage News, Apr. 7, 2016–Collins, Brian 
The housing market has been improving but mortgage credit remains “stubbornly” tight on loans bought by the government-sponsored enterprises, according to a chief housing adviser at the White House.

National Mortgage Professional, Apr. 7, 2016–Hall, Phil
Two new data reports on the commercial real estate sector offer very different visions regarding the sector’s vibrancy, with one detailing a healthy 2015 and the other forecasting a bumpy near-term future.