The Lede
Top National News
How Capital Stack Dynamics Contribute to Today’s Challenges to Multifamily Developers
National Real Estate Investor, Sept. 26, 2017--Kevin FarrellWhile almost anyone investing in apartments prospered during the recent boom, the players that will succeed during this cycle shift will be experienced teams.
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Lennar Unveils Mortgages That Help Cut Student Debt
Builder Magazine, Sept. 26, 2017Lennar Corp.'s Eagle Home Mortgage unit unveiled a mortgage program with a feature that helps pay off outstanding student loans--up to $13,000, depending on sales price.
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Mortgage Lending Restrictions are Easing Say Lenders
Mortgage Professional America, Sept. 26, 2017--Steve RandallA larger share of lenders say that they have eased lending restrictions in the third quarter of 2017.
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Janet Yellen Says Fed Plans to Keep Raising Rates
New York Times, Sept. 26, 2017--Binyamin ApplebaumFederal Reserve Chairwoman Janet Yellen said on Tuesday the Fed plans to continue raising its benchmark interest rate despite some uncertainty about the reasons that inflation had weakened in recent months.
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New Post-Crisis Low for Freddie’s Delinquency
Mortgage Daily, Sept. 26, 2017Freddie Mac's book of business grew from a month earlier, when it stood at $2.0439 trillion. It was also up from a year earlier, when it was $1.9795 trillion.
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Commercial and Multifamily Mortgage Delinquency Rates Remain Flat
National Mortgage Professional, Sept. 26, 2017--Phil HallDelinquency rates for commercial and multifamily mortgages were mostly stagnant during the second quarter, according to new data from the Mortgage Bankers Association.
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FBI, SEC Look Into Business Practices of Country’s Largest ‘Green’ Lender
Wall Street Journal, Sept. 26, 2017--Kirsten Grind (subscription)Investigators from the Federal Bureau of Investigation and the Securities and Exchange Commission are looking into business practices at Renovate America Inc., the largest provider of energy-saving home-improvement loans.
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Corker’s Retirement May Change GSE Reform Calculus
National Mortgage News, Sept. 26, 2017--Kate Berry, Rob Blackwell (subscription)Sen. Bob Corker, R-Tenn., a key voice in the debate over housing finance reform and one of the Senate Banking Committee's most influential members, announced Tuesday that he will not seek re-election in 2018.
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Trying to Stem Fallout From Breach, Equifax Replaces CEO
New York Times, Sept. 26, 2017--Ron Lieber, Stacy CowleyRichard Smith is out as Equifax CEO. The shake-up is the culmination of weeks of mounting public and legal pressure on the Atlanta-based data clearinghouse from citizens, politicians and investors.
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Non-QM Drives Growth at Angel Oak
Mortgage Daily, Sept. 26, 2017The Atlanta-based company reported Tuesday that its businesses are on track to collectively originate more than $1 billion in non-QM loans this year.
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Lenders Host Mortgage Assistance Events for Homeowners After Harvey
Houston Chronicle, Sept. 26, 2017--Katherine FeserHomeowners whose homes were damaged or destroyed by Hurricane Harvey with mortgage loans insured by the Federal Housing Administration are invited to learn about their options and resources at free mortgage assistance events held this week and next.
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