The Lede
Top National News
Explicit Federal Guarantee Is Key to Ending GSE Conservatorship
National Mortgage News, Jan. 31, 2017--Rodrigo Lopez, CMBMBA Chairman advocates new model for reforming the secondary mortgage market.
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Fannie Mae-Freddie Mac Should Be Utilities, Trade Group Says
Bloomberg, Jan. 31, 2017--Joe LightThe Mortgage Bankers Association, a powerful housing trade group, is wasting no time in pushing the Trump administration and Republican-led Congress to address one of the last unresolved issues from the financial crisis, outlining a proposal Tuesday to overhaul mortgage-finance giants Fannie Mae and Freddie Mac.
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Step One: MBA Reveals Plans to Reform Fannie Mae and Freddie Mac
HousingWire, Jan. 31, 2017--Brena SwansonThe largest trade group in the mortgage finance space, the Mortgage Bankers Association, released its initial plans for its recommended approach for secondary mortgage market reform, unveiling the first product from its recently formed "task force," which is made up of some of the top lenders and insurers in the industry.
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S&P: Private Mortgage Insurance All Set for Another Banner Year
HousingWire, Jan. 31, 2017--Jacob GaffneyS&P Global Ratings just published its 2017 outlook for U.S. private mortgage insurers. It's pretty good news, too.
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Why the Homeownership Rate Isn’t Likely to Take Off Anytime Soon
Wall Street Journal, Jan. 31, 2017--Kusisto, LauraThe rate is being dragged down by tight credit and young households putting off purchasing their first homes.
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No Surprise Here: Home Prices Keep Rising
National Mortgage Professional, Jan. 31, 2017--Phil HallThe S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.6 percent annual gain in November, up from 5.5 percent in October.
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Another Illegal Fee Settlement at Prospect Mortgage
Mortgage Daily, Jan. 31, 2017A little more than a year after Prospect Mortgage LLC settled allegations of illegal fees received by an appraisal affiliate, it has reached another illegal fee settlement.
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John Alvarado: Creating a Real Estate Legacy
D Magazine, Jan. 31, 2017--John AlvaradoNew talent is beginning to make its mark on the commercial real estate arena. Legacy names. The children of highly successful and influential developers, investors, attorneys and brokers are beginning to filter into the professional ranks.
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Fannie Eases Appraisal Requirements
Mortgage Daily, Jan. 31, 2017Policy updates and clarifications made by Fannie Mae will make appraisal reports easier to complete.
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FHA Delinquency Rises
Mortgage Daily, Jan. 31, 2017Monthly residential Federal Housing Administration business was little changed, as was its book of business. But deterioration was reported in the rate of single-family delinquency.
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Can MBA Jump-Start Housing Finance Reform?
American Banker, Jan. 31, 2017--Ian McKendryThe trade group released a paper Tuesday outlining a new plan designed to resolve the fate of Fannie Mae and Freddie Mac, which would call for creating several smaller public utilities that would buy federal insurance from the government for securities they issue.
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New Mortgage Product Increases Ally Financial Net Income in Q4
HousingWire, Jan. 31, 2017--Kelsey RamirezAlly Financial saw a net income increase in the fourth quarter, pushed up slightly by the company's new direct-to-consumer mortgage, Ally Home.
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Banks’ Call for Looser Robo-Call Rules Getting Friendlier Reception
National Mortgage News, Jan 31, 2017--Kevin WackThe newly installed chairman of the Federal Communications Commission voted against 2015 rules that largely rejected the banking industry's entreaties.
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Cities Could Save Millions of Dollars by Preventing Evictions
Bloomberg, Jan. 31, 2017--Patrick ClarkHousing advocates in New York have been lobbying the city government to set aside millions of dollars to pay attorneys' fees for tenants facing eviction, arguing that providing legal aid to a poor renter is cheaper than paying for a bed in a homeless shelter.
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Fed Unlikely to Make Its Next Rate Move Wednesday
Wall Street Journal, Feb. 1, 2017--David HarrisonThe Federal Reserve is almost certain to hold short-term interest rates steady at its two-day policy meeting that concludes Wednesday.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education Improving Sales Talent Webinar Series Continues Feb. 7
MBA Education presents the second session in a new webinar series, Hiring Superior Originators, on Tuesday, Feb. 7 from 2:00-3:30 p.m. ET.
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