Category: Top National News

Origination News, Oct. 7, 2015–Peters, Andy
Consumer confidence in the housing market rose in September, after dipping in the summer, according to a new Fannie Mae report.

Wall Street Journal, Oct. 7, 2015–Light, Joe
Mortgage lenders on Wednesday received new assurances from mortgage-finance giants Fannie Mae and Freddie Mac that they won’t be slammed with onerous penalties for what they say are relatively minor errors made when underwriting loans. MBA President and CEO David Stevens said the GSEs’ actions  “will add additional clarity to the broad lending community, which should help lenders’ confidence to lend.”

Bloomberg, Oct. 7, 2015–Golle, Vince
Consumer borrowing rose in August at the slowest pace in six months, reflecting a cooling in lending for autos and education, the Federal Reserve reported Wednesday.

Origination News, Oct. 6, 2015–Peters, Andy
The Mortgage Bankers Association added educational material to its website to help consumers buy a home.

National Mortgage Professional, Oct. 6, 2015–Hall, Phil
Home prices are still in ascension, but mortgage credit availability is barely inching up, according to a pair of new data reports.

Origination News, Oct. 6, 2015–Macheel, Tanaya
Mortgage credit availability increased in September on offerings of Freddie Mac’s affordable lending programs, according to the Mortgage Bankers Association.

TheStreet.com, Oct. 6, 2015–Notte, Jason
The TILA-RESPA Integrated Disclosure rule, known as TRID, produces a shorter stack of paper before closing, but it also makes a nice set of shackles if you’re making changes before sealing the deal. It should be simple, but right now there’s a bit of a learning curve for lenders and title companies, which could delay the closing date.

Bloomberg, Oct. 6, 2015–Yu, Hui-Yong
MetLife Inc. is taking a majority stake in a 43-story office tower being built next to San Francisco’s Transbay Transit Center, expanding the biggest U.S. life insurer’s holdings in one of the country’s most expensive office markets.

HousingWire, Oct. 6, 2015–Lane, Ben
Both Fannie Mae and Freddie Mac are offering relief to the thousands of homeowners affected by the devastating floods in South Carolina.

HousingWire, Oct. 6, 2015–Garrison, Trey
Seven years after Fannie Mae and Freddie Mac were placed into conservatorship, there is still a lack of consensus on how to reform the GSEs.