Housing Wire, Oct. 30, 2015–Lane, Ben
For all the sound and fury surrounding the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule earlier this month, early indications are that TRID isn’t actually going to have any impact on the lifeblood of the mortgage business–originations.
Triad Business Journal (N.C.), Oct. 30, 2015–Burns, Hilary
Bank of America Corp. this week told about 100 Charlotte, N.C. employees they were being laid off, including some in the legacy asset servicing division.
Quartz, Oct. 31, 2015–Karaian, Jason
It will surprise few that the property markets in London and Hong Kong look a bit bubbly. But get this-real estate in New York is “fairly valued,” according to a new report.
HousingWire, Nov. 2, 2015–Swanson, Brena
A report from Black Knight Financial Services appears to show that the average credit score for refinance applications is loosening. However, with further investigation, the truth is that there is only a decrease in the number of high credit score borrowers since most of them likely already refinanced and taken advantage of the low interest rates.
Phoenix Business Journal, Nov. 1, 2015–O’Grady, Patrick
Bank of America Corp. will pay $335 million in a settlement for a lawsuit that it misled investors regarding its mortgage-related activity.
Wall Street Journal, Nov. 1, 2015–Grant, Peter
New York’s Tishman family has been a major player for more than a century through the ups and downs of real estate. Now one of the family’s main branches-the one that ran Tishman Realty & Construction for decades-also is getting a good feel for the ups and downs of real estate technology startups.
HousingWire, Oct. 29, 2015–Fratantoni, Mike
MBA chief economist said those looking for the next housing bubble need to study the current regulatory environment and household formation trends suggest such concerns are exaggerated.
Washington Post, Oct. 29, 2015–Orton, Kathy
Because expectations were that the Fed would not bump up the federal funds rate at this time, nothing caused home loan rates to be pushed or pulled significantly in either direction.
Wall Street Journal, Oct. 29, 2015–Jackson, Candace
The Park Bel Air, the 11-acre development currently under construction, has asking prices that start at $115 million-and go up to $150 million with upgrades and custom furnishings.
National Mortgage News, Oct. 29, 2015–Heltman, John
A major investor in insurance giant American International Group is calling on the company to break itself up into three companies to get out from under its designation as one of only four systemically risky nonbanks.
