The Lede
Top National News
Commercial Department Q/A: Thomas T. Kim, Mortgage Bankers Association
Scotsman Guide, Jan. 29, 2016--Lewis, Bill
Thomas Kim, MBA senior vice president of commercial/multifamily, talked with Scotsman Guide about anticipated growth levels and lending activity in the commercial mortgage markets.
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The Delicate Balance of the Mortgage Industry
National Mortgage Professional, Jan. 29, 2016--Guenther, Keith
As we look ahead to 2016, the focus on the mortgage industry's recovery will endure. In discussing areas of growth, it is only appropriate to also discuss the areas of continued struggle.
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MISMO Update Conforms to Regulatory Requirements
Nationl Mortgage Professional, Jan. 29, 2016
MISMO announced updates to its residential standards in support of multiple regulatory and industry reporting requirements. Changes to the standards support the CFPB Home Mortgage Disclosure Act rule, the GSE Uniform Loan Application Dataset and Know Before You Owe or the TILA-RESPA Integrated Disclosures regulations.
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MERS Mortgage Authority Upheld by New Hampshire Supreme Court
HousingWire, Jan. 29, 2016--Lane, Ben
MERSCORP Holdings announced Friday that it secured another victory in a state's highest court, as the New Hampshire Supreme Court upheld MERS' mortgage assignment rights.
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High Touch Or No Touch Mortgage Getting; What’s Your Pleasure?
Forbes, Jan. 29, 2016--Greene, Mark
Super Bowl ads are queued up and ready to wow us next week and I am ready to see how the new Rocket Mortgage is going to change life as we know it.
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Income for Recent Graduates the Highest in Over a Decade
Wall Street Journal, Jan. 29, 2016--Zumbrun, Josh
Incomes for the newest batch of diploma-holders are now at the highest level in more than a decade, while unemployment rates are falling quickly, according to a new report from the Federal Reserve Bank of New York.
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How Will United Guaranty Fare as a Stand-Alone Mortgage Insurer?
National Mortgage News, Jan. 29, 2016--Finkelstein, Brad
United Guaranty's spinoff from American International Group will result in changes to its capital structure that could shake up the competitive landscape in the private mortgage insurance market.
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Lenders Originating More Subprime Mortgages: Equifax
National Mortgage News, Jan. 29, 2016--Peters, Andy
Lenders are originating more mortgages for subprime borrowers, according to Equifax.
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Walter Investment’s Ditech Buys Part of Residential Credit Solutions
HousingWire, Jan. 29, 2016--Lane, Ben
In another signal that the default mortgage business is shrinking, Walter Investment Management Corp. announced Friday that it acquired "certain assets" of Residential Credit Solutions,a Ft. Worth, Texas-based mortgage servicing company, specializes in servicing delinquent or default loans and so-called "credit-sensitive" residential mortgage loans, where the borrower is at high risk for default.
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Fed’s Williams Sees ‘Smidgen’ Lower Rate Hikes
Reuters, Jan. 29, 2016--Saphir, Ann
The Federal Reserve probably needs to keep U.S. interest rates lower for longer given headwinds from weak global economic growth, a stronger dollar and an unexpectedly sustained drop in oil prices, San Francisco Federal Reserve Bank President John Williams suggested on Friday.
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Are Some Realty Agents Hyping their Numbers?
Miami Herald, Jan. 29, 2016--Harney, Kenneth R.
Researchers compared closing documents--which are supposed to indicate the final price in sales transactions - with the prices that agents actually reported to their local multiple listing service and found that nearly one of every 11 cases (8.75 percent) had discrepancies. Overstatements of final price exceeded understatements by a ratio of nearly three to one.
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Breaking Down The Good Old Boys Club in Commercial Real Estate
Charlotte Observer, Jan. 30, 2016--Portillo, Ely
Commercial real estate has long had a reputation for being a "good old boys'" sort of world, in which men dominate deal-making, development and construction. But growing numbers of women in top leadership positions are aiming to change that, and help their female colleagues advance.
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Key Problems for First-Time Home Buyers
Sioux City Journal, Jan. 30, 2016--Woodard, Jim
Young families are just as motivated to own homes as were their parents and grandparents--perhaps more so. But one problem is blocking their capabilities to become homeowners. Buying a home requires cash down payment.
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The New Threat to Bank-to-Bank Lending
Wall Street Journal, Jan. 31, 2016--Burne, Katy
A dispute over technology could pose a new threat to Wall Street's plumbing by severing a link that allows big banks to borrow freely from one another, according to market participants.
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Residential Finance News
Commercial/Multifamily News
MBA News
Today at CREF
ORLANDO--The Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo is underway here at the Hyatt Regency Orlando.
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