The Lede
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Homebuyers Rush to Riskier Mortgages as Home Prices Heat Up
CNBC, Oct. 3, 2017--Diana OlickHome prices are heating up yet again, and that is sending more potential buyers looking for ways to afford a monthly mortgage payment.
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Watt Suggests GSEs Need to Hold on to Some Capital, Urges Congress to Act on Housing Reform
HousingWire, Oct. 3, 2017--Brena SwansonFederal Housing Finance Agency Director Mel Watt once again pressed Congress on the urgent need for housing finance reform due to the looming deadline of the government-sponsored enterprises' capital buffer timeline.
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Wells Fargo CEO Defends Leadership in Heated Senate Appearance
Reuters, Oct. 3, 2017--Patrick Rucker, Dan FreedSenators grilled Wells Fargo & Co. Chief Executive Tim Sloan on Tuesday about what he had done to change the bank's culture after a sales practices scandal erupted last year, with one senior Democratic lawmaker calling for his ouster.
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Lawmakers Berate Former Equifax CEO Over Huge Data Breach
New York Times, Oct. 3, 2017--Tara Siegel Bernard, Stacy CowleyMembers of Congress tore into Equifax on Tuesday, berating the company's former chief executive for a breach of its computer systems that potentially exposed the sensitive personal information of more than 145 million Americans.
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Private Flood Insurance Bill Avoids Costs of Floodplain Management
National Mortgage News, Oct. 3, 2017--Brian Collins (subscription)While lawmakers appear eager to help develop private flood insurance as an alternative to the federal program, some are worried that private policies won't help support flood mapping and the enforcement of flood codes.
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Investors Pile Into Emerging-Market Real Estate
Wall Street Journal, Oct. 3, 2017--Peter Grant (subscription)Investors are showing more interest in commercial real estate in Asia, South America and other emerging markets, where growth trends and the lure of outsize returns overshadow the additional political and financial risks these regions can pose.
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Five Things That Might Surprise You About the Fastest-Growing Segment of the Housing Market
Urban Institute, Oct. 3, 2017--Sarah StrochakOne of the most pronounced shifts in the housing market since the financial crisis has been the evolution of the single-family rental market. Today, single-family rentals (one-unit, attached and detached) account for 35 percent of the country's 44 million rental units, compared with 31 percent in 2006.
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Biggest HECM Lenders
Mortgage Daily, Oct. 3, 2017The volume of HECM activity moved down from the preceding month, when FHA mortgagees generated 4,927 endorsements.
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Mortgage Firms Hire CEO, CFO & Retail Executives
Mortgage Daily, Oct. 3, 2017--Sam GarciaTricia M. Bailey is the new president and chief executive officer of PSM Holdings Inc. The 25-year mortgage veteran previously spent time at Banc of California and PRMG Inc.
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Fidelity National Financial Acquires Majority Interest in SkySlope
HousingWire, Oct. 3, 2017--Ben LaneFidelity National Financial, the title insurance giant, announced this week that it acquired a majority interest in SkySlope, a provider of digital transaction management and closing services to real estate professionals.
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Residential Finance News
Commercial/Multifamily News
MBA News
Compliance Essentials Recent FCRA Regulation, Enforcement & Litigation Updates Webinar Today
MBA Education and Compliance Essentials will host a new webinar, Recent FCRA Regulation, Enforcement & Litigation Updates today, Oct. 5 from 2:00-3:30 p.m. ET.
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