The Lede
Top National News
Redwood Trust CEO: We’re Ready for Trump to Bring Private Capital Back to Mortgages
HousingWire, Feb. 24, 2017--Ben LaneIf Fannie and Freddie reform does take place, one of the beneficiaries could be private capital, which has been largely absent from the mortgage market since the crisis.
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President Trump Signs another Executive Order to Slash Regulation
HousingWire, Feb. 24, 2017--Brena SwansonThe order directs federal agencies to make "regulatory reform" task forces, which will evaluate federal rules and recommend whether to keep, repeal or change them.
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Americans Haven’t Been This Optimistic About the Job Market in Over 30 Years
Bloomberg, Feb. 24, 2017--Jordan YadooThe largest share of Americans in decades believes the labor market still has room to grow.
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U.S. New Home Sales Rebound; Consumer Sentiment Dips
Reuters, Feb. 24, 2017--Lucia MutikaniNew U.S. single-family home sales rose less than expected in January, likely held back by heavy rains and flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates.
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Share Your Equity? Be Careful
UExpress, Feb. 24, 2017--Lew SichelmanRising mortgage rates and higher prices are likely to bring an increase in a concept known as equity sharing, especially for first-time buyers who are short on money for the down payment and closing costs.
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Impac Originations Tumble, Could Plunge in Q1
Mortgage Daily, Feb. 24, 2017Quarterly home lending sank by over a fourth at Impac Mortgage Holdings Inc. and is likely plunging during the current quarter.
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Waning Refinances Drive Up Mortgage Fraud Risk
Mortgage Daily, Feb. 24, 2017First American Financial Corp., which reported the index Friday, noted that it was the second consecutive month-over-month increase.
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Former Executives of Big Mortgage Firms Recruited
Mortgage Daily, Feb. 24, 2017--Sam GarciaDan Hanson is the new chief retail production officer at loanDepot LLC.
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Ocwen Sets Aside $12.5M for Potential CFPB Settlement
National Mortgage News, Feb. 24, 2017--Jacob Passy (subscription)Ocwen Financial Corp. has reserved $12.5 million to put toward a potential settlement with the Consumer Financial Protection Bureau.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education Residential Mortgage Banking for the IT Professional Workshop Mar. 26
MBA Education presents its popular workshop, Residential Mortgage Banking for the IT Professional, on Sunday, Mar. 26 in conjunction with the MBA National Technology in Mortgage Banking Conference & Expo.
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