The Lede
Top National News
Commercial Multifamily Originations Up 2% from Last Year’s Pace
CoStar News, Nov. 7, 2016--Heschmeyer, Mark
Commercial and multifamily mortgage loan originations for the first nine months of 2016 increased 2 percent compared to the same period last year, the Mortgage Bankers Association said.
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10 Belt-Tightening Tasks to Tackle Before Mortgage Rates Rise
National Mortgage News, Nov. 7, 2016
Former MBA Chairman John Robbins, CMB (The Mortgage Collaborative), outlines steps lenders should take now to stay profitable when the market shifts.
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Mortgage Credit Availability Loosens in October
HousingWire, Nov. 7, 2016--Ramirez, Kelsey
Mortgage credit availability increased, easing credit standards slightly in October, according to the Mortgage Bankers Association's Mortgage Credit Availability Index.
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The Healthy Credit Market is Supported by a Drop in Mortgage Delinquencies
DS News, Nov. 7, 2016--Baer, Kendall
Balances grew and delinquencies remained subdued across all credit products including mortgages, according to TransUnion's Q3 2016 Industry Insights Report.
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Black Knight Warns of Rate Increase Impact on Housing
National Mortgage Professional, Nov. 7, 2016--Hall, Phil
According to a new analysis from Black Knight Financial Services, rising interest rates could create new problems for both home price appreciation and the concept of affordable homeownership.
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DOJ Expands Fair-Lending Probe of Fulton Financial
National Mortgage News, Nov. 7, 2016--Reosti, John
The Justice Department has widened its investigation of Fulton Financial's mortgage lending practices to include four new units.
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Altisource Residential Struggles with Shift to Single-Family Rentals
HousingWire, Nov. 7, 2016--Lane, Ben
Doubles portfolio but posts net loss in 3rd quarter.
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Greenspan Sees Bond Yields Climbing as High as 5 Percent Again
Bloomberg, Nov. 7, 2016--Smialek, Jeanna
Former Federal Reserve Chairman Alan Greenspan sees longer-term market interest rates increasing as inflation takes hold in the U.S.
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Ruling in Florida Could Have Implications for All Mortgage Servicers
MortgageOrb, Nov. 7, 2016--Barnard, Patrick
In effect, the court upheld a previous Florida Appellate Court ruling in Lewis Brooke Bartram v. U.S. Bank National Association that determined that when foreclosure actions are dismissed, servicers and borrowers return to their pre-foreclosure complaint status.
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How to Profit With FHA 203(k) Refinance Mortgages
The Mortgage Reports, Nov. 6, 2016--Miller Peter G.
This unique mortgage lets you add financing for major home additions and improvements to your refinance loan amount.
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Closing Agents and Murphy’s Law
Scotsman Guide, Nov. 7, 2016--Lowrie, Regina M., CMB
Former MBA Chair, now with RML Advisors, says good risk management practices can effectively pay for itself by helping to stave off significant fines and penalties while improving performance.
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Fastest Growing Public Mortgage Firms
Mortgage Daily, Nov. 7, 2016
FORTUNE's latest list of the fastest-growing publicly traded companies is out, and there are several mortgage-related firm--mostly banks--that made the cut this year.
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Navy FCU Grows Mortgage Staff, Servicing Portfolio
Mortgage Daily, Nov. 7, 2016
While there was a little upward movement in mortgage production at Navy Federal Credit Union, loan servicing and mortgage staffing jumped higher.
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CRE Standards Tighter as Residential Demand Up
Mortgage Daily, Nov. 7, 2016
Fed Senior Loan Officer survey says banks report lending standards on commercial real estate loans have recently been more restrictive. On the residential lending side, demand is on the increase.
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Mall Landlords Dive Deeper Into Retail Assets
Wall Street Journal, Nov. 8, 2016--Fung, Esther
The largest mall and strip center landlords in the U.S. are trying to combat a wave of store closures by dipping into their own pockets.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Whole Loan Trading Workshop in Phoenix Nov. 10
Hear from Experts on the Expanding Whole Loan Trading Market
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