Category: Top National News

HousingWire, Nov. 18, 2015–Swanson, Brena
Although California’s housing market softened in October as both statewide sales and median price contracted from the previous month, it is still on target to meet forecast projections.

The Villager (Colo.), Nov. 18, 2015–Sweeney, Bob
Colorado State University Alumni Association shined its spotlight on Aurora resident Ewin Michael Rosser recently by presenting him with the Lifetime Career Achievement Award given to alumni who have excelled in their business and civic careers.

HousingWire, Nov. 18, 2015–Lane, Ben
By a 255-174 vote, the House approved the “Portfolio Lending and Mortgage Access Act,” which would broaden the definition of qualified mortgages – those that qualify for the safe harbor – to include all mortgages held on a lender’s balance sheet. The legislataion faces a presidential veto.

New York Times, Nov. 18, 2015–Thomas Jr., Landon
Robert F. Dall, an investment banker and a pioneer of the mortgage bond market on Wall Street, died on Sunday at Lenox Hill Hospital in Manhattan. He was 81.

National Mortgage Professional, Nov. 17, 2015–Hall, Phil
The National Delinquency Survey from the Mortgage Bankers Association found the delinquency rate for mortgage loans on one- to-four-unit residential properties fell to a seasonally adjusted rate of 4.99 percent of all loans outstanding at the end of the third quarter, which is the lowest level since first quarter 2007.

HousingWire, Nov. 17, 2015–Lane, Ben
While some industry observers are saying now is not the time for the Federal Housing Administration to cut its mortgage insurance premiums again despite FHA saying Monday that it reached its mandated capital reserve threshold, a new report from Barclays suggests that the FHA’s latest actuarial report actually increases the likelihood of a further cut to the FHA’s premiums. David Stevens, CMB, president and CEO of the Mortgage Bankers Association, said now isn’t the time for another rate cut, saying it would be better to wait until the MMI Fund builds up even more capital.

Reuters, Nov. 17, 2015–Aubin, Dena
A federal judge ruled that Bank of America and Nationstar must face breach-of-contract claims for allegedly reneging on promised loan modifications to hundreds of Pennsylvania borrowers whose mortgages they serviced.

Wall Street Journal, Nov. 17, 2015–Lahart, Justin
Prices of goods and services are taking divergent paths. So, too, are the fortunes of many companies.

Bloomberg, Nov. 17, 2015–Smialek, Jeanna
The Federal Reserve will release minutes from the Federal Open Market Committee’s Oct. 27-28 meeting Wednesday.

Bloomberg, Nov. 17, 2015–Fox, Justin
We don’t move as often as we used to. The percentage of U.S. residents who changed addresses in the previous year has been on a long, mostly steady decline.