The Lede
Top National News
CFPB Takes Second Look at Its Tolerance Levels for HMDA Errors
National Mortgage News, Jan. 8, 2016--Berry, Kate
Some lenders have asked whether the bureau would adjust its so-called resubmission guidelines - which determine whether lenders have to refile data based on errors found in samples--and it has responded with a request for further industry input.
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Wells Fargo Home Lending Default Servicing Promotes New SVP
HousingWire, Jan. 8, 2016--Swanson, Brena
Wells Fargo promoted Carmen Bell to senior vice president of Wells Fargo Home Lending Default Servicing, where she will lead teams dedicated to helping customers prevent and resolve delinquencies, oversight of collections, single point-of-contact initiatives, underwriting, short sales and mediations.
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MBA: Strong CRE Market Expected in 2016
National Mortgage Professional, Jan. 8, 2016
Commercial and multifamily mortgage lending is expected to increase in 2016, as lenders' and borrowers' appetites for new loans remain strong, according to a new Mortgage Bankers Association survey of the top commercial and multifamily mortgage origination firms.
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Mortgage Employment Dips Slightly in November
National Mortgage News, Jan. 8, 2016--Collins, Brian
Nonbank mortgage lenders and brokers cut a few hundred employees from their payrolls in November as employment in this sector continues to fall short of the 300,000 mark.
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Alternative Mortgage Lenders are Changing Home Buying
Christian Science Monitor, Jan. 10, 2016--Bundrick, Hal M. (NerdWallet)
If you're looking for a mortgage, there's one less reason to walk into a bank these days. Alternative mortgage lenders--non-bank companies without customer deposits--are transforming the mortgage industry.
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Developers Just Discovered a Billion Dollars of Hidden NYC Real Estate
New York Post, Jan. 10, 2016--Riedel, Michael
For years, Broadway theater owners have been selling air rights above their rather squat, landmarked stages to developers. Developers use those air rights to add extra floors to skyscrapers. But now the Nederlander Organization, which owns nine Broadway theaters, has unlocked something new: basement rights.
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REITs Likely to Benefit rrom Inclusion of Real Estate in the S&P 500
The Street.com, Jan. 9, 2016--Merrill, Than
In a move that may stimulate the stock market, and garner the attention of a fresh set of investors, MSCI and the S&P Dow Jones Indices will separate real estate into its own sector within the S&P 500.
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Blackstone Becomes No. 1 NYC Real Estate Buyer, Sees More Deals
Bloomberg, Jan. 8, 2016--Yu, Hui-Yong
Blackstone Group LP jumped to the top spot in real estate acquisitions in New York last year, with purchases that encompassed Manhattan's biggest apartment complex and stakes in a group of office properties including the Starrett-Lehigh building on the Hudson River.
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U.S. Real Estate 25% to 60% Overvalued: Analyst
Fortune, Jan. 11, 2016--Matthews, Chris
Will another housing bubble bring down the U.S. economy? Nearly a decade after the peak of the American real estate bubble, there's no shortage of fear that we'll repeat the whole nightmare again.
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