The Lede
Top National News
Attention, Jumbo-Mortgage Shoppers: Deals Ahead
Wall Street Journal, Aug. 23, 2016--Friedman, Robyn
Borrowers have more bargaining power to negotiate the best terms.
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The Housing Market is Finally Starting to Look Healthy
New York Times, Aug. 23, 2016--Irwin, Neil
Thank millennials and thank homebuilders who are starting to produce more of the starter houses young people demand.
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Fannie, Freddie Bring Mortgage Application into Digital Age
National Mortgage News, Aug. 23, 2016--Kilgore, Austin
New specifications for Fannie Mae and Freddie Mac's common mortgage application add data points and remove obsolete questions.
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Value-Add Projects Remain an Attractive Option for Multifamily Developers
National Real Estate Investor, Aug. 23, 2016--Anderson, Bendix
With so many new apartment properties opening, some developers are avoiding the competition by redeveloping old buildings.
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California Assembly Approves Survivor’s Rights Bill
National Mortgage News, Aug. 23, 2016--Passy, Jacob
Bill defines a mortgage servicer's responsibility when borrower dies and surviving homeowner was not included in loan; California Mortgage Bankers Association opposed the bill, saying it could cause "unnecessary litigation."
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New Home Sales Surge to 9-Year High
U.S. News & World Report, Aug. 23, 2016--Soergel, Andrew
Sales of new homes unexpectedly jumped last month as housing remains affordable.
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Court Denies U.S. Bid to Rehear Bank of America ‘Hustle’ Mortgage Program
Reuters, Aug. 23, 2016--Raymond, Nate
Appeals court refused to reconsider overturning $1.27 billion against BofA.
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Investor Group Sees Its Future in the Burbs
Wall Street Journal, Aug. 23, 2016--Grant, Peter
A venture led by Rubenstein Partners LP is zigging while other investors are zagging by making a $162.9 million bet on a suburban Indianapolis office park.
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Too Much Tech? Latest Boom Reshapes San Francisco
Wall Street Journal, Aug. 23, 2016--Brown, Eliot
Concentration in an industry prone to economic swings challenges businesses, poses risks for investors.
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Toll Brothers Beat Estimates for Four Straight Quarters
HousingWire, Aug. 23, 2016--Swanson, Brena
More than 18% jump in orders.
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McMansions Define Ugly in a New Way: They’re a Bad Investment
Bloomberg, Aug. 23, 2016--Clark, Patrick
Shoddy construction, ostentatious design--and low resale values, says Trulia.
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Mortgage Bankers Boost 3-Yr Outlook by $300 Bil
Mortgage Daily, Aug. 23, 2016
Mortgage Bankers Association boosts third quarter originations forecast to $561 billion.
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Non-QM Securitization Closes
Mortgage Daily, Aug. 23, 201
Angel Oak Capital Advisors announces $133 million deal.
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Industry Delivers Mixed Response to New Fannie, Freddie Mortgage Application
HousingWire, Aug. 23, 2016--Ramirez, Kelsey
MBA President and CEO David Stevens, CMB, says each new form adds "greater complexity."
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Where Have All the Small Banks Gone?
The Hill, Aug. 24, 2016--Setterlund, James
The author, with Americans for Prosperity, says more changes to Dodd-Frank Act needed to prevent small banks getting "crushed" by regulations meant for Wall Street.
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Could Reviving a Defunct Banking Rule Prevent a Future Crisis?
The Atlantic, Aug. 23, 2016--White, Gillian B.; Lam, Bourree
Presidential candidates and politicians are touting Glass-Steagall regulation as a solution to the risks posed by big banks.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education School of Loan Origination Instructor-Guided Online Course Sept. 19-Oct. 13
In-Depth Instruction on How to Originate Loans
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MBA Recognizes Premier Members
The Mortgage Bankers Association recognizes its Premier Members.
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MBA Education Update on Labor Department Overtime Rule/LO Comp Webinar Aug. 25
Learn about DOL Requirements under Overtime Rule
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