The Lede
Top National News
Republicans Are Poised to Roll Out Their Roll Back of Dodd-Frank Law
Wall Street Journal, Feb. 5, 2017--Rachel Witkowski; Ryan TracyLegislative challenge will primarily play out in Senate, where GOP holds 52 seats but passage of overhaul likely would require 60 votes.
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The Mortgage-Bond Whale That Everyone Is Suddenly Worried About
Bloomberg, Feb. 6, 2017--Liz McCormick; Matt ScullyAlmost a decade after it all began, the Federal Reserve is finally talking about unwinding its grand experiment in monetary policy. And when it happens, the knock-on effects in the bond market could pose a threat to the U.S. housing recovery.
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Mortgage Industry Pushes to Free Fannie and Freddie from the Federal Government
Washington Examiner, Feb. 6, 2017--Joseph LawlerThe Mortgage Bankers Association, a key housing industry trade group, plans to lobby Congress and the Trump administration to effectively turn Fannie and Freddie into private utilities and to allow new entrants to compete with them on the same terms.
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Flow MSR Offering Could Exceed $2 Bil in Loans
Mortgage Daily, Feb. 3, 2017A concurrent flow servicing offering could work out to mortgage servicing rights on as much as $2.250 billion in government-sponsored enterprise loans.
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Jumbo Leads Weekly Mortgage Activity Higher
Mortgage Daily, Feb. 3, 2017In the week that ended on Feb. 3, the U.S. Mortgage Market Index from OpenClose and Mortgage Daily, which is not adjusted for seasonal factors, came in at 133.
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Mortgage Jobs Continue to Expand
Mortgage Daily, Feb. 3, 2017For the 10th month in a row, the size of the nation's mortgage workforce has expanded. Healthy job growth was reported for all industries.
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House Flipping is Back, With All Its Opportunities and Risks
CNBC, Feb. 5, 2017--Trent GilliesMore than 6 percent of home sales last year were "flips", according to a new report from Trulia. The real estate data website defines a flip as the selling of a home at least twice within a year. That's the highest number in a decade.
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Hispanic Homeownership Rate Surged in 2016
HousingWire, Feb. 3, 2017--Kelsey RamirezThe homeownership rate for Hispanics increased in 2016, contrary to other ethnic groups, who all saw a decrease in homeownership.
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Banks with Room to Grow in CRE Take Advantage of Rivals’ Pullback
National Mortgage News, Feb. 3, 2017--Allison PrangA number of banks are tapping the brakes on commercial real estate lending, giving others an opportunity to make more loans at better terms.
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Cheat Sheet: What Trump Can–and Can’t–Do to Dodd-Frank
National Mortgage News, Feb. 3, 2017--Joe AdlerThe immediate questions about the order focused on what authority the White House has to enact real change, since congressional Democrats are resistant to rolling back the law and those running the regulatory agencies are still Obama administration appointees.
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Office Landlords Leverage Co-Working Style Designs to Retain Tenants
National Real Estate Investor, Feb. 3, 2017--Patricia KirkOffice building landlords are now outfitting lobbies with amenities and creating indoor and outdoor spaces where building occupants can work, socialize and meet with each other or clients.
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The $100 Billion Reason Investors Loved Trump’s Bank Order
Wall Street Journal, Feb. 5, 2017--Telis Demos; Peter RudegeairThe six biggest U.S. banks could potentially return more than $100 billion in capital to investors over time through dividends and share buybacks if the Trump administration succeeds in a push to loosen bank regulation.
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What the FHA Mortgage-Premium Cut Actually Meant
Philadelphia Inquirer, Feb. 5, 2017--Caitlin McCabeLost in the initial noise of Trump's action, it seemed, was one important thing: Reversing Obama's decision did not mean costs were going up. The cut had not yet taken effect, meaning the FHA insurance rate - currently 0.85 percent of the loan amount--will stay exactly where it has been since January 2015.
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Limiting Showings Can Be Costly
UExpress, Feb. 3, 2017--Lew SichelmanThere are good reasons for sellers to limit the times and hours their home can be shown to prospective buyers. But if you put too tight a window on viewings, your place is likely to linger on the market or remain unsold.
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ISM Non-Manufacturing Index Hits 56.5 vs. Estimate of 57
CNBC, Feb. 3, 2017--Berkeley Lovelace Jr.Economic activity in the services sector grew in January for the 85th consecutive month, according to data from the Institute for Supply Management on Friday.
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Trump Signs Executive Order to Reconsider Wall Street Regulations
Washington Post, Feb. 3, 2017--Renae Merle"We expect to be cutting a lot out of Dodd-Frank," Trump said during a meeting with business leaders Friday morning. "Because frankly, I have so many people, friends of mine, that had nice businesses, they just can't borrow money ... because the banks just won't let them borrow because of the rules and regulations in Dodd-Frank."
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Court Blocks Dem Efforts to Intervene in CFPB Case
National Mortgage News, Feb. 3, 2017--Kate BerryA federal appeals court on Thursday denied efforts by 16 Democratic attorneys general, several consumer groups and two Democratic lawmakers to defend the Consumer Financial Protection Bureau in a critical case.
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Warren’s Regulatory Beast is Under Fire–And Rightfully So
The Hill, Feb. 3, 2017--John AgostinelliSen. Elizabeth Warren, D-Mass., who led the establishment of the Consumer Financial Protection Bureau, has vowed to fight any changes to the regulator. David Stevens, CEO and president of the Mortgage Bankers Association said, "We are now in an environment in which the pendulum has clearly swung too far and created the most extraordinary regulatory framework that has ever existed in the nation.
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Why Malls Are Closing and How Granite Run Mall Seeks to Defy the Trend
Philadelphia Daily News, Feb. 3, 2017--Suzette ParmleyBET Investments took a leap of faith when it acquired the ailing Granite Run Mall in 2013 for $24.2 million. The previous owner had walked away from a $128 million loan on the abandoned suburban mall, leaving the keys and mortgage to the lenders.
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Residential Finance News
Commercial/Multifamily News
MBA News
Women’s Networking Event: Identifying Unconscious Bias in the Workplace at MBA National Servicing Conference & Expo
Attendees of the Mortgage Bankers Association's National Mortgage Servicing Conference & Expo are invited to a special Women's Networking Event: Identifying Unconscious Bias in the Workplace, on Wednesday, Feb. 15.
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Women’s Networking Event: Identifying Unconscious Bias in the Workplace at MBA National Servicing Conference & Expo
Attendees of the Mortgage Bankers Association's National Mortgage Servicing Conference & Expo are invited to a special Women's Networking Event: Identifying Unconscious Bias in the Workplace, on Wednesday, Feb. 15.
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Women’s Networking Event: Identifying Unconscious Bias in the Workplace at MBA National Servicing Conference & Expo
Attendees of the Mortgage Bankers Association's National Mortgage Servicing Conference & Expo are invited to a special Women's Networking Event: Identifying Unconscious Bias in the Workplace, on Wednesday, Feb. 15.
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