The Lede

Top National News

PACE Lenders Downplay FHA’s Reversal on Lien Priority
National Mortgage News, Dec. 11, 2017--Glen Fest, Allison Bisbey (subscription)Many mortgage lenders oppose PACE, which creates a lien on a property senior to that of a first mortgage, and were loathe to take advantage policy.
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First American Buying BofA Mortgage Lien Release Business
National Mortgage News, Dec. 11, 2017--Brad Finkelstein (subscription)Bank of America is exiting the mortgage lien release business by entering into an agreement to sell this unit to First American Financial Corp.
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Office Rents on Fifth Avenue Rank No. 2 For Most Expensive
Wall Street Journal, Dec. 11, 2017--Keiko Morris (subscription)Fifth Avenue came in second behind California's Sand Hill Road in Menlo Park, recording an average asking rent of $116.04 a square foot, and top asking rents as high as $185 a square foot, according to JLL's 2017 Most Expensive Streets. Sand Hill Road's average asking rent reached $119.38 a square foot.
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Another Shakeup at Walter Investment; Nonbank Names New CFO and COO
HousingWire, Dec. 11, 2017--Ben LaneWalter Investment announced recently that Gary Tillett, who serves as executive vice president and chief financial officer, plans to retire in 2018. Replacing Tillett will be that Jerry Lombardo, who most recently served as a managing director & treasurer of the consumer and community bank at JPMorgan Chase.
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Loan Origination Systems Enhanced, Adopted
Mortgage Daily, Dec. 11, 2017--Sam GarciaEnhancements to a loan origination system have thrust a technology provider into the fastest-growing club. One LOS developer has integrated the services of two mortgage insurance companies, and two have scored new clients.
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15-Month High for Ginnie’s HMBS Issuance
Mortgage Daily, Dec. 11, 2017Although overa1l issuance eased at Ginnie Mae, issuance of reverse mortgage securities was the highest it's been in 15 months.
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Movement Mortgage to Pay $1.1 Million for California Mortgage Servicing Violations
HousingWire, Dec. 11, 2017--Ben LaneCalifornia announced Monday it reached a $1.1 million settlement with Movement Mortgage to resolve allegations that the company serviced loans without a California state license and violated the state's per diem interest rules.
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Will Homebuyers Leave High-Tax States in 2018?
National Mortgage Professional, Dec. 11, 2017--Phil HallWhile the Capitol Hill Republicans hammer out the final version of their tax reform legislation, the real estate brokerage Redfin is predicting that homebuyers will exit high-tax states if deductions in state and local taxes are eliminated from the tax code.
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Fannie, Freddie Stall Foreclosure Evictions for the Holidays
National Mortgage News, Dec. 11, 2017--Elina Tarkazikis (subscription)Fannie Mae and Freddie Mac will suspend the evictions of foreclosed single-family properties during the holiday season.
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MBA News

MBA National Technology in Mortgage Banking Conference & Expo Apr. 15-18
Tech 18, the Mortgage Bankers Association's National Technology in Mortgage Banking Conference & Expo 2018, takes place Apr. 15-18 at the Detroit Marriott At the Renaissance Center.
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MBA National Technology in Mortgage Banking Conference & Expo Apr. 15-18
Tech 18, the Mortgage Bankers Association's National Technology in Mortgage Banking Conference & Expo 2018, takes place Apr. 15-18 at the Detroit Marriott At the Renaissance Center.
Full Story
MBA National Technology in Mortgage Banking Conference & Expo Apr. 15-18
Tech 18, the Mortgage Bankers Association's National Technology in Mortgage Banking Conference & Expo 2018, takes place Apr. 15-18 at the Detroit Marriott At the Renaissance Center.
Full Story