Bloomberg, Nov. 10, 2015–Donaldson, Ali
Community banks won with younger customers last year, netting a 5 percent increase in account holders ages 18 to 34, while credit unions recorded a 3 percent gain, according to data compiled by Accenture Plc. By comparison, large national and regional banks struggled to retain millennial clients–losing 16 percent of them over the same period.
WFAA-TV (Dallas), Nov. 9, 2015–Shipp, Brett
Texas got a financial windfall from the National Mortgage Settlement. None has been spent to help struggling homeowners, however.
National Mortgage News, Nov. 6, 2015–Collins, Brian
Nonbank mortgage lenders added 1,600 employees to their payrolls in September, while employment estimates for the month prior was revised upward by 1,100 full-time positions, the Bureau of Labor Statistics said Friday.
National Mortgage News, Nov. 6, 2015–Collins, Brian
While the overwhelming majority of Nationstar Mortgage Holding’s $4.9 billion in home loan originations in the third quarter were conventional loans, that will be changing soon if the company’s chief executive officer has his way.
News OK (Okla.), Nov. 6, 2015–Harney, Kenneth R.
Bottom line: If your appraisal doesn’t square with the contract or threatens the deal, take a hard look at the “adjustments” made inside the appraisal on subjective factors such as condition and quality.
New York Times, Nov. 6, 2015–Prevost, Lisa
The upward trajectory of rents in many metropolitan areas, which shows no sign of abating, often makes homeownership the better deal. But renters still aren’t rushing to buy.
HousingWire, Nov. 6, 2015–Lane, Ben
In an effort to protect potential homeowners, Freddie Mac is issuing a warning to buyers and lenders about scams that offer the promise of a raised credit score in exchange for money.
Reuters, Nov. 6, 2015–Schneider, Howard
Debate within the U.S. Federal Reserve will quickly turn to the appropriate pace of monetary policy tightening after an initial rate hike, a battle that may be fought in an environment of unexpectedly higher inflation, St. Louis Fed President James Bullard said on Friday.
New York Times, Nov. 7, 2015–Saul, Stephanie
White-collar criminals are employing a variety of schemes to snatch properties from their owners. Often, they use the secrecy afforded to shell companies to rent out vacated properties until they are caught or sell them to third parties.
HousingWire, Nov. 6, 2015–Lane, Ben
In addition to having the Consumer Financial Protection Bureau monitoring lenders’ compliance with its new TILA-RESPA Integrated Disclosures rule, the Office of the Comptroller of the Currency told lenders Friday that it will soon be starting its initial examinations of compliance with the TRID rules.
