The Lede
Top National News
Commercial Real Estate Executives Told to Keep Tabs on Upcoming Tax Reform Efforts
Baltimore Business Journal, Dec. 12, 2016--Simmons, Melody
The coming year will be filled with uncertainty for commercial real estate executives because of a stated push for tax reform by President-elect Donald Trump.
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How the Federal Reserve Could Still Surprise the Market
Fortune Magazine, Dec. 12, 2016--Smith, Geoffrey
The Federal Reserve's move on interest rates may end up being more like a run than a hike.
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U.S. Commercial, Multifamily Mortgage Delinquencies Remain Low in Q3
World Property Journal, Dec. 12, 2016--Gerrity, Michael
According to the Mortgage Bankers Association's Commercial/Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter.
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Ally Bank Gets Back to Mortgage Lending Big Time
HousingWire, Dec. 12, 2016--Ramirez, Kelsey
Ally Bank announced Monday it is finally back into the mortgage business big time and introduced its new direct-to-consumer mortgage offering--Ally Home.
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U.S. Budget Deficit Totaled $136.65 Billion in November
Wall Street Journal, Dec. 12, 2016--Leubsdorf, Ben
Adjusting for a timing shift, spending rose about 6% last month from a year earlier.
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Fannie, Freddie to Halt Foreclosure Evictions During Holidays
National Mortgage News, Dec. 12, 2016--Passy, Jacob
Fannie Mae and Freddie Mac will again halt evictions nationwide for foreclosed properties during the holiday season.
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Why Rising Mortgage Rates Won’t Hurt Home Prices
National Mortgage News, Dec. 12, 2016
Rising mortgage interest rates affect the volume of refinance and purchase originations, but don't necessarily spell bad news for home prices, says Fannie Mae Chief Economist Doug Duncan.
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Will Trump Target FDIC’s Dodd-Frank Resolution Powers?
American Banker, Dec. 12, 2016--Clozel, Lalita
Industry observers worry that the Dodd-Frank Act's Title II - which gives the Federal Deposit Insurance Corp. authority to oversee the resolution of a complex financial institution - could be the first thing under fire when the Trump administration undertakes financial reform.
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Trump Taps Goldman Sachs Executive Cohn for Key Economic Post
Reuters, Dec. 12, 2016--Ahmann, Timothy
Donald Trump on Monday said he would appoint Goldman Sachs Group Inc President and Chief Operating Officer Gary Cohn to head the White House National Economic Council, a group that coordinates economic policy across agencies.
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Massive GSE MSR Offerings
Mortgage Daily, Dec. 12, 2016
A pair of offerings have hit the market for mortgage servicing rights on more than $10 billion in government-sponsored enterprise home loans.
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Mobile Mortgage Experience Enhanced
Mortgage Daily, Dec. 12, 2016--Garcia, Sam
Mortgage bankers and their service providers continue to make headway improving the mobile experience for prospective borrowers and lenders alike.
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Marketplace Lender Securitizes Jumbo Loans
Mortgage Daily, Dec. 12, 2016
SoFi, a northern California marketplace home lender, pulled off its first securitization of jumbo residential mortgages.
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These 2 Factors Could Burst the Economy’s Post-Election Rally in 2017
The Fiscal Times, Dec. 12, 2016--Mirhaydari, Anthony
Heading into next year, as the upward drift in interest rates continues, investors will likely begin to consider the downsides of the bloodbath in bonds, including higher mortgage rates, pricier auto loans and lowered consumer confidence.
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Can Consumers Without FICO Scores Be Trusted with Mortgages?
National Mortgage News, Dec. 12, 2016--Sichelman, Lew
Many consumers without traditional credit scores have nearly identical risk profiles to those who can be assessed the conventional way, representing an untapped market, according to a report by VantageScore.
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Fannie Mae Streamlines Asset and Employment Validation
HousingWire, Dec. 12, 2016--Ramirez, Kelsey
Fannie Mae announced Monday it added asset and employment validation to its Day 1 Certainty process.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA National Technology in Mortgage Banking Conference & Expo Mar. 26-29
Enhancing the Customer Experience
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MBA Education Compliance Essentials HMDA Overview/Q&A with Experts Today
Learn How Changes to Home Mortgage Disclosure Act Affect Your Business
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