The Lede
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MBA 2017: Q&A with Hunt Mortgage Group President & CEO James Flynn
Multi-Housing News, Mar. 6, 2017--Sanyu KyeyuneHunt Mortgage Group President & CEO James Flynn caught up with Multi-Housing News at the Mortgage Bankers Association CREF/Multifamily Housing Convention & Expo in San Diego to share his views on regulatory reform, competition among capital providers and the future of multifamily lending.
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How Liquidity Promotes Opportunity, Yield and a Greater Public Good
Wall Street Journal, Mar. 6, 2017--Emily Glazer (subscription)Allen Parker, the recent former head of white-shoe law firm Cravath Swaine & Moore LLP, is slated to begin his new role March 27, succeeding James Strother who the bank said will retire after 30 years at Wells Fargo.
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MBA Forms Strategic Alliance with Lenders One Cooperative
National Mortgage News, Mar. 6, 2017--Jacob Passy (subscription)The Mortgage Bankers Association has partnered with Altisource subsidiary Lenders One Cooperative, providing the organization's members with expanded benefits.
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CoreLogic Chooses Frank Martell to Replace Anand Nallathambi as President, CEO
HousingWire, Mar. 6, 2017--Ben LaneCoreLogic announced Monday that its board of directors selected Frank Martell, the property information, analytics and data-enabled services provider's chief operating officer, to serve as president and CEO.
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Black Knight: Q4 Activity Helped End 2016 With a Bang
National Mortgage Professional, Mar. 6, 2017--Phil HallThe fourth quarter recorded $2.1 trillion in first lien mortgage originations, a 17 percent year-over-year increase, according to new data from Black Knight Financial Services. The final quarter of last year also saw nearly $300 billion in refinance originations, a 58 percent year-over-year spike.
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Non-Bank Share of Mortgage LOs Continues to Expand
Mortgage Daily, Mar. 6, 2017The Conference of State Bank Supervisors reported 562,837 originators who were registered or licensed through the Nationwide Mortgage Licensing System as of the fourth quarter.
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Consumer Bankruptcies Up But Off from Year Prior
Mortgage Daily, Mar. 6, 2017Including commercial and non-commercial activity, there were 58,336 debtors who filed a new case with U.S. Bankruptcy Courts in February.
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The Growing Gap Between Jobless Claims and Job Losses
Wall Street Journal, Mar. 6, 2017--Jeffrey Sparshott (subscription)There is a growing gap between the number of workers losing their jobs and the number applying for unemployment benefits, and it's not entirely clear why.
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Once-Skittish Investors Warming Up to Ginnie Mae Servicing Rights
National Mortgage News, Mar. 6, 2017--Bonnie Sinnock (subscription)Rising interest rates have slowed a recent run of unexpectedly high prepayments of government-insured mortgages, making servicing rights for loans held in Ginnie Mae securities more attractive to investors.
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United States Flips Sides, Supports PHH in Case Against CFPB
HousingWire, Mar. 6, 2017--Brena SwansonThe United States revealed last Friday that it now supports PHH in its landmark case against the Consumer Financial Protection Bureau, switching sides from its original stance back in December.
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U.S. Factory Orders Rise for Second Straight Month
Reuters, Mar. 6, 2017--Lucia MutikaniNew orders for U.S.-made goods increased for a second straight month in January, suggesting the recovery of the manufacturing sector was gaining momentum as rising prices for commodities spur demand for machinery.
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