The Lede
Top National News
Old Republic’s Title Operating Income Down 6% in 2Q
National Mortgage News, July 28, 2016--Finkelstein, Brad
Costs rose greater than premium and fee revenue.
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U.S. Homeownership Rate Drops to Lowest Since 1965
Bloomberg, July 28, 2016--Gopal, Prashant
Rising prices put buying out of reach for many renters.
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Ellie Mae’s Second-Quarter Net Income Up 39%
National Mortgage News, July 28, 2016--Finkelstein, Brad
Net income of $10.6 million.
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Cities Struggle to Add Upscale Housing While Maintaining Diversity
Wall Street Journal, July 28, 2016--Raice, Shayndi
Packing new development into existing neighborhoods vexes locals.
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Arch MI Wrote $6.42B in Mortgage Insurance in the Second Quarter
HousingWire, July 28, 2016--Swanson, Brena
Net income up to $205.6 million.
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Mortgage Credit Can Make First Home Affordable
OC Register (Calif.), July 29, 2016--Lazerson, Jeff
Reduces federal income tax liability, boosts qualifying ratios.
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Two Harbors Is Latest Mortgage REIT to Close Bond-Making Unit
Bloomberg, July 28, 2016--Scully, Matt
Latest sign of "bruising" competition for safe mortgage assets.
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U.S. Jobless Claims Rise; Labor Market Still Strong
Reuters, July 28, 2016--Mutikani, Lucia
Underlying trend continues to point toward sustained labor strength.
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Hidden Message in Fed’s Statement: U.S. Is at Full Employment
Bloomberg, July 28, 2016--Miller, Rich
Shift in language suggests slack in labor market has evaporated.
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SEC Filing Details Ocwen’s Efforts to Rid Itself of California Mortgage Servicing Restrictions
HousingWire, July 28, 2016--Lane, Ben
Ocwen moves to settle as monitor costs mount.
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Chronos Solutions Acquires UPF Services
HousingWire, July 28, 2016--Swanson, Brena
Creates 'one-stop-shop' for loan origination services.
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Mortgage Rates are Up Again But Remain Below Norms
Washington Post, July 28, 2016--Orton, Kathy
MBA Chief Economist Mike Fratantoni says pool of borrowers who can refinance continues to dwindle.
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CFPB Breaks Up Debt Collection Plan, Spares Banks for Now
National Mortgage News, July 28, 2016--Berry, Kate
Banks, credit card companies exempt for now.
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Dems See Little Hope for Housing Finance Reform
National Mortgage News, July 28, 2016--McKendry, Ian
Democrats at DNC Convention say reform unlikely.
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Rates Uptick While Homeowners Express Confidence
National Mortgage Professional, July 28, 2016--Hall, Phil
Freddie Mac says 30-year fixed rate up to 3.48%.
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Credit Suisse Profit Surprises but Fails to Sway Investors
Wall Street Journal, July 28, 2016--Letzing, John
Results follow two successive quarterly losses.
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CIT Profit Plunges on Reverse-Mortgage Problems
American Banker, July 28, 2016--Broughton, Kristin
Company recorded $167 million in charges to discontinued unit.
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Radian Grows New Mortgage Insurance Written 60% in Q2
HousingWire, July 28, 2016--Ramirez, Kelsey
Most goes to borrowers with high FICO scores.
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Primary Mortgage Servicers Need To See Customer Satisfaction As Cost-Reduction Strategy
ValueWalk, July 28, 2016
Satisfied customers translate into increased profitability.
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Q2 Commercial Mortgage Originations Up 17 Percent
National Mortgage Professional, July 28, 2016--Hall, Phil
From year ago, MBA says originations up 1%.
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Retail Demand for Space Holds, Despite Sales Slowdowns in Stores and Restaurants
National Real Estate Investor, July 28, 2016--Mitchell, Donna
Restaurant sales growth slowing.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education Offers Chartered Realty Investor Designation
The Only Designation of Its Kind in the Commercial/Multifamily Industry
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Early Registration Deadline Monday for MBA Annual Convention & Expo
Save $200 When You Register by Aug. 1
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MBA Education Beyond Best Execution–The Importance of GSE Approval Webinar Aug. 3
Valuable Insights on Why Having Fannie Mae/Freddie Mac Approval More Important than Ever
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