The Lede
Top National News
Here’s How Much Rising Interest Rates Would Raise Mortgage Payments
Consumer Affairs, Jan. 27, 2017--Mark HuffmanInterest rates are on the rise. In the latest report from the Mortgage Bankers' Association, the average rate for a 30-year fixed-rate mortgage rose slightly in mid-February to 4.36%. For many people that seems high, since rates have bounced between 3.5% and 4.0% over the last few years.
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New York Leads Country in Home Price Increases: Black Knight
National Mortgage News, Feb. 27, 2017--Jacob Passy (subscription)Home prices rose by more on a monthly basis in New York than in any other state in the country, according to Black Knight Financial Services.
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Former Regulators Warn Against Financial Deregulation
Wall Street Journal, Feb. 27, 2017--Ryan Tracy (subscription)A group of former senior regulators and academics is warning against efforts to deregulate the financial system, issuing a statement Monday that argues financial institutions today are even more at risk of losses during an economic downturn than in the past.
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Property Cash Sales to Hit Pre-Crisis Levels this Summer
HousingWire, Feb. 27, 2017--Kelsey RamirezWhile previous estimates showed cash and distressed sales hitting their pre-crisis marks in 2018 or even 2019, the newest report estimates that the market could see pre-crisis levels as soon as this Summer, according to a new report from CoreLogic.
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President Trump: Dodd-Frank Keeps Banks from Lending
HousingWire, Feb. 27, 2017--Kelsey RamirezOn Friday President Donald Trump continued his criticism of the Dodd-Frank Wall Street Reform and Consumer Protection Act, saying that the law prevents banks from lending.
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As Wall Street Thrives, America’s Little Guy Chokes on Paperwork
Bloomberg, Feb. 27, 2017--Craig TorresIf some American banks are too big to fail, others have begun to feel they're too small to succeed.
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Refinances Overcome Holiday
Mortgage Daily, Feb. 27, 2017The U.S. Mortgage Market Index from OpenClose and Mortgage Daily was 130 in the week that ended on Feb. 24, which included Presidents Day.
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MSRs For Sale on Over $1 Billion in GSE Loans
Mortgage Daily, Feb. 27, 2017Mortgage servicing rights are for sale on over $1 billion in government-sponsored enterprise loans with a California concentration.
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Banks Fights for Stake in PHH Case to Battle CFPB Authority
HousingWire, Feb. 27, 2017--Brena SwansonState National Bank of Big Spring, Texas won't back down easily. The bank continues to try and weigh in on the landmark case between PHH and the Consumer Financial Protection Bureau.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Compliance Essentials RESPA Consent Orders Webinar Mar. 2
MBA Education and the MBA Compliance Essentials program present a new webinar, Update and Overview of Recent RESPA Consent Orders, this Thursday, Mar. 2 from 2:00-3:30 p.m. ET.
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MBA Education Tax Reform: The Potential Impact on Residential Lending Webinar Today
MBA Education presents a new webinar, Tax Reform: The Potential Impact on Residential Lending Webinar, today, Feb. 28 from 3:30-5:00 p.m. ET.
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