The Lede

Top National News

In 17 Cities, the ‘Rent Gap’ Makes it Cheaper, on Average, to Own Than Rent
Urban Institute, Dec. 5, 2017--Sarah Strochak, Sheryl PardoIn 17 of 33 large metropolitan statistical areas (MSAs), it's cheaper to own a home, putting 3.5 percent down, than it is to rent. And in many cities where homeownership is the more affordable option, it's expensive to buy a home.
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Former CFPB Director Richard Cordray Officially Running for Ohio Governor
HousingWire, Dec. 5, 2017--Ben LaneAfter seemingly never-ending speculation and months and months and months of rumors, it finally became official on Tuesday - former Consumer Financial Protection Bureau Director Richard Cordray is running for Ohio governor.
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How The Rise Of Private Lending Is Reshaping The Mortgage Market
Forbes, Dec. 5, 2017--Bobby MantagneTraditional mortgage funders may be put off by properties that require extensive remodeling or structural repairs, creating a growing market for private money lenders.
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Survey: Many First-Time Home Buyers Lack Basic Knowledge About Mortgages
Washington Post, Dec. 5, 2017--Michele LernerDespite the efforts of housing counselors, real estate agents, mortgage lenders and the Consumer Financial Protection Bureau, many Americans lack basic knowledge of mortgages and the home-buying process.
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JPMorgan Chase: Mortgage Modifications Just as Effective Without Principal Reduction
HousingWire, Dec. 5, 2017--Jacob GaffneyReducing the amount a homeowner, facing default, owes on their mortgage sounds like it would be a great idea to include in a mortgage modification. But it's likely just a feel-good factor, according to newly released research from JPMorgan Chase Institute, a think tank arm of the bank.
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Want That House? You’d Better Pay in Cash
Wall Street Journal, Dec. 5, 2017--Laura Kusisto, Christina Rexrode (subscription)Investors, downsizing baby boomers and millennials with parental assistance are helping to drive surge in all-cash deals.
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Senate Panel Overwhelmingly Approves Powell as Fed Chair
National Mortgage News, Dec. 5, 2017--John Heltman (subscription)A Senate panel on Tuesday morning approved Federal Reserve Gov. Jerome Powell's nomination to chair the Fed beginning early next year, putting President Trump's pick one step closer to assuming one of the nation's most important executive offices.
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RealPage Completes $300 Million Acquisition of Lease Rent Options
HousingWire, Dec. 5, 2017--Ben LaneRealPage, a provider of software and data analytics to the real estate industry, announced Tuesday that it completed its $300 million acquisition of Lease Rent Options and related assets from The Rainmaker Group.
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Nationstar Settles Alleged Interest Overcharges
Mortgage Daily, Dec. 5, 2017Nationstar Mortgage LLC, which now does business as Mr. Cooper, agreed to a more than $9 million settlement that resolves allegations it overcharged borrowers for interest and collected illegal fees.
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CIT Settles With Ocwen
Mortgage Daily, Dec. 5, 2017The banking subsidiary of CIT Group Inc. has agreed to settle claims by the servicing subsidiary of Ocwen Financial Corp. that it should have been reimbursed for servicing errors.
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US Headed for Recession in 2019 as Fed Raises Rates, Economist Warns
CNBC, Dec. 5, 2017--Natasha TurakThe continuing rapid ascent of global equities combined with rising interest rates has some financial analysts predicting inevitable recession in the near future.
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Residential Finance News

Commercial/Multifamily News

MBA News

MBA Recognizes Premier Members
MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.
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Save on Risk Management Consultations, Employee Screening Packages through MBA Member Advantage Program
Your MBA membership entitles you to discounts on services such as office supplies, car rental, shipping, employee benefit services and more though our affinity program, MBA Member Advantage.
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