The Lede
Top National News
Post-Hurricane Sandy Bill Grants Homeowners Mortgage Forbearance
DS News, Jan. 2, 2017--Brown, Mirasha
New Jersey homeowners who were victims of Hurricane Sandy will no longer have to fear about facing foreclosure thanks to the latest bill that is waiting for approval from New Jersey Gov. Chris Christie on December 19.
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Fannie Delinquency Rises 1st Time in Nearly 7 Years
Mortgage Daily, Dec. 29, 2016
After falling to the lowest level in over eight years, delinquencies rose for the first time in almost seven years at Fannie Mae.
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COFI Bounces Off Record Low
Mortgage Daily, Dec. 30, 2016
Just a month after declining to the lowest level on record, the 11th District Cost of Funds Index took a turn for the worse.
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Monthly MBS Issuance Surges at Fannie Mae
Mortgage Daily, Jan. 3, 2017
Fixed-rate mortgage-backed securities issued on behalf of Fannie Mae, Freddie Mac and Ginnie Mae came to $156.852 billion during the final month of 2016.
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Can Fed Chief Finally Take a Breath in 2017?
Tribune News Service, Dec. 31, 2016
After three years of almost single-handedly juicing up the slow-growing economy, Janet Yellen and the Federal Reserve should be looking at easier days ahead.
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Four Ways the GOP Could Roll Back Dodd-Frank in 2017
American Banker, Dec. 30, 2016--McKendry, Ian
The new year is shaping up to be the one in which sizable changes to the Dodd-Frank Act are finally enacted, thanks to Republican victories in the White House, Senate and House.
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TransUnion Fined $16.9 Million by CFPB for Advertising Practices
HousingWire, Dec. 30, 2016--Lane, Ben
TransUnion, one of the nation's largest credit reporting agencies, will pay just shy of $17 million as part of a settlement with the Consumer Financial Protection Bureau over the company's advertising and marketing practices.
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Long-Gone Mortgage Trends, Ideas Could Make Comeback in 2017
National Mortgage News, Dec. 29, 2016--Sinnock, Bonnie
From selling servicing rights along with the loans to issuing private-label securities, a host of strategies from the past could return to the market as a result of the new political climate and interest rate environment.
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The Most Competitive Markets in 2016 Are…
National Mortgage Professional, Dec. 30, 2016--Hall, Phil
Four of the nation's 10 most competitive residential markets for 2016 are based in the Seattle metro area, according to a new data report from Redfin.
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Luxury Apartment Boom Looks Set to Fizzle in 2017
Wall Street Journal, Jan. 2, 2017--Kusisto, Laura
Landlords of upscale properties in cities across the U.S. are bracing for rough conditions in 2017 that will likely force them to slash rents and offer deep concessions, including as many as three months of free rent, to attract tenants.
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Of Credit Scores and Insurance
UExpress, Dec. 30, 2016--Sichelman, Lew
There are numerous reasons why a homeowner would drop insurance coverage, but one stands out: insurance is required to keep a mortgage in good standing. When people pay off their loans, they forgo insurance to save even more money.
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United Shore to Pay Feds $48M over Bad FHA Mortgages
Detroit Free Press, Dec. 29, 2016--Reindl, J.C.
Troy, Mich.-based mortgage business United Shore Financial Services has agreed to a $48-million settlement with the U.S. Department of Justice over claims that it failed to properly underwrite federally insured, low-down-payment mortgages.
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Will We Get Lower FHA Mortgage Insurance Premiums In 2017?
The Mortgage Reports, Jan. 2, 2017--Miller, Peter G.
By any standard, 2016 was a very good year for the FHA. It was so good that lower FHA mortgage insurance premiums are very much in play for 2017.
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Did Obama’s Foreclosure Prevention Program Meet Its Goals?
Washington Post, Jan. 1, 2016--Merle, Renae
Nearly 1.6 million borrowers have seen their mortgage payments lowered through the Home Affordable Modification Program so far, but about a third of those people eventually fell behind on their payments again.
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Powerful Lobbyists Swoop in to Save Sacret Tax Break
Politico, Dec. 31, 2016--Woellert, Lorraine
Comments from incoming administration officials spark a scramble to save the mortgage interest deduction.
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Why GSE Recapitalization Talk Is Premature
National Mortgage News, Dec. 28, 2016--Stevens, David
MBA President and CEO says the real risk is the uncertainty of continued, long-term conservatorship. Congressional reform before recapitalization is the proper path forward.
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Will A Trump Administration Cause Rates To Rise?
The Mortgage Reports, Dec. 29, 2016--Miller, Peter G.
Most industry insiders aren't that concerned about a quarter percent here or there. But a serious increase could fundamentally lower home sales and slash real estate values.
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Home Flipping is Down
Chicago Daily Herald, Jan. 2, 2016--Woodard, Jim
Perhaps small investors are finally recognizing the risks involved in "flipping" homes or it may be the intense competition and lack of appropriate inventory. But whatever the reason, the flipping lure is headed downward.
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It Was Going to Be the Year of the REIT
Bloomberg, Dec. 27, 2016--Molla, Rani
2016 was supposed to be the year of the real estate investment trust--until it wasn't.
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