The Lede
Top National News
Public Adjusters Work For You
UExpress, Sept. 30, 2016--Sichelman, Lew
Public adjusters--insurance professionals who work for the insured rather than insurance companies--assist homeowners in settling property insurance claims.
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FHA Loans Lead the Decline in Defect Risk
National Mortgage News, Sept. 30, 2016--Passy, Jacob
Federal Housing Administration loans lead the decline in mortgage application defect risk, First American Financial Corp. reported.
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Chicago Can’t Collect Real Estate Transfer Tax From Buyers of Homes Sold by Fannie, Freddie, Judge Says
Cook County (Ill.) Record, Sept. 30, 2016--Biylk, Jonathan
Chicago cannot sidestep laws barring cities from collecting taxes on real estate sold by Fannie Mae and Freddie Mac by passing on the tax bills to those buying the properties from Fannie and Freddie, a federal judge ruled.
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Fannie Mae Is Now Getting More Detailed Information on Borrowers
New York Times, Sept. 30, 2016--Carrns, Ann
Borrowers should know that as of this week, many mortgage lenders will scrutinize more detailed credit data.
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Manhattan Luxury Rent Prices Are Growing at Their Slowest Pace Since 2010
Bloomberg, Sept. 30, 2016--Verhage, Julie
Renters in the New York City area are finally catching a break.
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Banks Start Letting the Air Out of the Apartment-Construction Balloon
Crain's Chicago Business, Oct. 1, 2016--Gallun, Alby
Banks may be starting to provide the downtown Chicago apartment market with something it could use right now: restraint.
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Black, Low Income Share of Purchase Financing Rises
Mortgage Daily, Sept. 30, 2016
On loans used to finance a home purchase, lower-income and black borrowers saw their share rise.
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Fannie’s Biz at 3-Yr High, Delinquency at 8-Yr Low
Mortgage Daily, Sept. 30, 2016
August secondary activity up 11% from July.
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7-Week High for New Mortgage Business
Mortgage Daily, Sept. 30, 2016
Conventional refinance business that drove the week-over-week gain.
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Deutsche Bank, U.S. DOJ Continue to Discuss Mortgage-Securities Settlement
Wall Street Journal, Oct. 2, 2016--Strasburg, Jenny; Viswanatha, Aruna
No deal yet between Deutsche Bank, Department of Justice.
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Will FHA’s Auditors Have Good News in November?
National Mortgage News, Sept. 30, 2016--Collins, Brian
Strong home sales are boosting originations of Federal Housing Administration loans and opening the door for first-time buyers.
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The Most Lasting Change Comes From Within
National Mortgage News, Sept. 30, 2016--Tymesen, Tana
Houtan Hormozian decided to become a loan officer and give his clients the service and experience that he didn't get to have.
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Will California Real Estate Experience the Toughest Year Yet in 2017?
HousingWire, Sept. 30, 2016--Swanson, Brena
Projected to have lowest housing affordability in six years.
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Manhattan Residential Market Cools
Wall Street Journal, Oct. 2, 2016--Barbenel, Josh
Sales drop, but prices increase for luxury condominiums.
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Altisource Residential Doubles Single-Family Rental Portfolio with $652 Million Deal
HousingWire, Sept. 30, 2016--Lane, Ben
Deal is a seller-financed transaction and the homes were acquired from investment funds sponsored by Amherst Holdings.
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Residential Finance News
Commercial/Multifamily News
MBA News
Mortgage Action Alliance Action Week Begins Oct. 3
Goal to Increase Mortgage Action Alliance Membership to 15,000
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MBA Education Cyber-Security Third Party Oversight for Mortgage Lenders Webinar Oct. 5
Overview of Cyber-Security, Data Privacy Risks for Lenders/Servicers
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