The Lede
Top National News
CFPB: Foreclosure Relief Shouldn’t End When HAMP Does
National Mortgage News, Aug. 2, 2016--Berry, Kate
Bureau offers 'guiding principles' for mortgage servicers, investors. MBA is working on universal loss mitigation proposal.
Full Story
CRE Credit Standards Tighten as Residential Demand Up
Mortgage Daily, Aug. 2, 2016
Commercial real estate credit standards tighten; residential loan demand rises.
Full Story
What Real Estate Investors Are Bracing For Through Year-End
National Real Estate Investor, Aug. 2, 2016--Bell, Diana
Global capital markets volatility, a continued low interest rate environment and increased financial regulation.
Full Story
Einhorn Insurer Shifts to Mortgage Bet After Florida Fraud Costs
Bloomberg, Aug. 2, 2016--Basak, Sonali; Foxman, Simone
Greenlight Capital Re looks elsewhere after being burned on fraudulent claims on Florida property policies.
Full Story
Higher Fee Income Helps Freddie Recover in 2Q
National Mortgage News, Aug. 2, 2016--Collins, Brian
GSE reports $993 million profit, compared to $354 million loss in first quarter.
Full Story
U.S. Consumer Spending Increased Solidly in June
Wall Street Journal, Aug. 2, 2016--Morath, Eric
Third straight month of steady increases.
Full Story
Ellie Mae Launches $241M Stock Offering
National Mortgage News, Aug. 2, 2016--Passy, Jacob
Offering involves 2.75 million shares.
Full Story
Zillow Acquires Bridge Interactive
HousingWire, Aug. 2, 2016--Ramirez, Kelsey
Company creates broker, multiple listing service back-office software.
Full Story
Why Washington’s Biggest Real Estate Deal Just Collapsed
Washington Post, Aug. 2, 2016--O'Connell, Jonathan
JBG Cos.' proposed $8.4 billion acquisition of New York REIT collapses amid shareholder revolt.
Full Story
Foreclosures Drop in New York and New Jersey as Courts Pick Up Pace
Wall Street Journal, Aug. 3, 2016--Barbanel, Josh
Rising home values, easing court logjams signal improvement.
Full Story
Nonbank Lender Competition Builds
Credit Union Times, Aug. 3, 2016--DuPlessis, Jim
Nonbanks becoming a dominant source for mortgage originations, led by Quicken Loans and loanDepot.
Full Story
Mortgage Sharing Lets Prospective Buyers Pool Money To Buy A Home
CBS New York, Aug. 2, 2016--Smith, Emily
Mortgage brokers allowing friends, family to pool money to buy a home.
Full Story
New Housing Law Offers Homeownership Opportunities for Welfare Recipients
National Mortgage News, Aug. 2, 2016--Collins, Brian
Housing reform bill allows welfare recipients to use rent vouchers to purchase manufactured homes.
Full Story
Home Sales are Rising, So Why Isn’t Inventory Going Up?
HousingWire, Aug. 2, 2016--Liu, Tian
It's first-time home buyers.
Full Story
Residential Finance News
Commercial/Multifamily News
MBA News
Music Legend James Taylor Highlights Concert MBA at Annual Convention & Expo
Convention & Expo Returns to Boston Oct. 23-26
Full Story