The Lede
Top National News
U.S. Multifamily Mortgage Grew at Fastest Pace Since 1993
Reuters, Mar. 14, 2016
The amount of outstanding U.S. mortgages for multifamily homes rose to $1.06 trillion in 2015, up 10.4 percent from a year earlier, which was its fastest annual pace since 1993, the Mortgage Bankers Association reported Monday.
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Problem: Fewer Homes Available for Sale
Creators Syndicate, Mar. 14, 2016--Woodard, James
March and April are normally the beginning of the year's most active home buying period. But this year, buyers face a serious dilemma: not enough homes are on the market to satisfy the demand.
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Hurdles to Multigenerational Living: Kitchens and Visible Second Entrances
Wall Street Journal, Mar. 14, 2016--Kirkham, Chris
For the past five years, home builder Jon Girod has noticed a surge in inquiries from buyers wanting to bring their extended families together on the same property to save money.
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Prosper, HomeAdvisor Announce Deal on Home-Improvement Loans
National Mortgage News, Mar. 14, 2016--Wack, Kevin
Prosper Marketplace on Monday announced a three-year agreement to offer financing to consumers making improvements to their homes through the website HomeAdvisor.com.
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Study: Imbalance Between Renter Population and Affordable Units
National Mortgage Professional, Mar. 14, 2016--Hall, Phil
The renter population is growing in the 11 largest metropolitan areas, but affordable housing options in these markets are shrinking, according to the newly-released NYU Furman Center/Capital One National Affordable Rental Housing Landscape report.
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Mortgage Industry Pressing For Permanent Ban on G-Fee Raids
Scotsman Guide, Mar. 14, 2016--Whitman, Victor
Mortgage industry trade groups have renewed a push to prevent future raids on the guarantee fees (g-fees) collected by Fannie Mae and Freddie Mac.
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Fed Faces Challenge As It Considers More Rate Hikes
USA Today, Mar. 14, 2016--Davidson, Paul
With financial markets on a roller coaster in 2016, this week's Federal Reserve meeting should reveal whether policymakers will be guided by February's gut-wrenching valley, the recent peak or the uncertainty of the ride.
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JPMorgan Readies Mortgage-Backed Deal
Wall Street Journal, Mar. 14, 2016--Glazer, Emily
JPMorgan Chase & Co. is trying to sell new securities that would pass along most of the credit risk on $1.9 billion in mortgages, in an attempt to revive a debt market that has been largely left to the government since the financial crisis.
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6 Myths About Freddie Mac’s 3% Down Mortgage
HousingWire, Mar. 14, 2016--Swanson, Brena
Freddie Mac launched its Home Possible Advantage program featuring its 3% down payment option back in December in an attempt to open the credit box for borrowers wanting to jump into the housing market. But what was designed to help more first-time homebuyers and other qualified borrowers jump into the market has struggled to get off the ground.
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Lenders Are Getting Choosier When It Comes to Risky Real Estate Deals
Bloomberg, Mar. 15, 2016--Mulholland, Sarah
Lenders are getting stingier when it comes to funding risky U.S. real estate developments, putting pressure on landlords in need of fresh funding to keep their projects afloat.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education Exploring Opportunities with Residential Whole Loan Trading Today
MBA Education, the education arm of the Mortgage Bankers Association, presents Exploring Opportunities with Residential Whole Loan Trading today, Mar. 15 from 2:00-3:00 p.m. ET.
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