The Lede
Top National News
CFPB’s Cordray Puts Servicers on Notice Ahead of New Rules
National Mortgage News, Oct. 25, 2016--Kilgore, Austin
"In certain circumstances, we will require specific and credible plans on how their information technology systems will be upgraded," Cordray said during a speech Tuesday at the Mortgage Bankers Association's Annual Convention in Boston.
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RE/MAX Getting into the Mortgage Business; Launches Motto Mortgage
HousingWire, Oct. 25, 2016--Lane, Ben
Plans to open mortgage brokerage franchises across the country.
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Fannie Provides Key Details on Relief from Loan Buybacks
National Mortgage News, Oct. 26, 2016--Sinnock, Bonnie
Fannie Mae is planning to provide relief to lenders from potential buybacks for loans in which the borrower's income, assets and employment information have been validated through automated underwriting.
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Watt Remains Mum on Capitalizing GSEs
Scotsman Guide, Oct. 25, 2016--Whitman, Victor
Federal Housing Finance Agency Director Mel Watt steered clear of a controversial proposal to recapitalize the government-sponsored enterprises Fannie Mae and Freddie Mac and also largely avoided other hot-button topics under review by the agency.
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Mortgage Delinquencies and Foreclosures Surging in Oil States
MarketWatch, Oct. 25, 2016--Riquier, Andrea
There's one indicator that's starting to flash a warning signal in nearly every energy state. Over the past six months, mortgage trouble has jumped, in some cases by double-digits, according to data from Black Knight Financial Services.
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REIT Earnings to Diverge Along Sectors
Wall Street Journal, Oct. 25, 2016--Fung, Esther
Logistics space owners see surprisingly strong results; Aéropostale bankruptcy hits SL Green Realty.
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Happy New Year! Trillion-Dollar Purchase Markets Forecast for 2017-18
National Mortgage Professional, Oct. 25, 2016--Hall, Phil
Next year will be a super year for the purchase market, according to the latest forecast from the Mortgage Bankers Association, which is predicting $1.10 trillion in purchase mortgage originations during 2017 and a $1.18 trillion market for 2018.
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Flagstar’s Profit Improves on Drop in Value of Legal Settlement
National Mortgage News, Oct. 25, 2016--Peters, Andy
Flagstar Bancorp's quarterly profit increased after a decline in the value of a 2012 legal settlement liability tied to its mortgage lending practices.
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Why We Should Quit Wasting Money on Consumer Education
HousingWire, Oct. 25, 2016--Wheeler, Sarah
Here are three better ideas for the $128 million in the Consumer Financial Protection Bureau's civil penalty fund.
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Mortgage Production, Servicing Up at Quicken Loans
Mortgage Daily, Oct. 25, 2016
In addition to a quarter-over-quarter and year-over-year increase in home lending, Quicken Loans Inc. expanded the size of its mortgage servicing portfolio.
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Mortgage Bankers Raise Refi Outlook Over $250 Bil
Mortgage Daily, Oct. 2016
Mortgage bankers have lifted their estimate of overall originations from last year through 2018 by more than $300 billion--including a $250 billion boost to refinances.
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U.S. Home Mortgages Will Surpass $1 Trillion in 2017: MBA
Reuters, Oct. 25, 2016--Leong, Richard
Lenders could issue more than $1 trillion in purchase mortgages in 2017, marking the first year this would happen since the housing bust a decade ago, the Mortgage Bankers Association said Tuesday.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Blanket Property Policy Insurance Analysis Webinar Date Changed to Nov. 17
Comprehensive Overview of Blanket Property Insurance
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Today at the MBA Annual Convention & Expo
Supersessions on Regulatory Environment; Affordable Lending; Next Year in Denver
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