The Lede
Top National News
Conservatives Eye New Tax Cut for Capital Gains
The Hill, Apr. 25, 2018--Naomi JagodaRepublican lawmakers and prominent conservative leaders such as Grover Norquist say they want capital gains to be indexed to inflation, saying it would give the economy a boost. They are pursuing both legislation and regulatory action in an effort to achieve that goal.
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Mulvaney to Bankers: Lobbying Lawmakers Pays Off
Politico, Apr. 25, 2018--Katy O'DonnellMick Mulvaney, the acting director of the Consumer Financial Protection Bureau, has a message to people seeking to gain access to Congress: A lawmaker's constituents should always get a hearing, no matter what. But outside lobbyists, he said, may have to pay to get in the door.
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Weekly Mortgage Applications Stall as Rates Make Sharp Move Higher
CNBC, Apr. 25, 2018--Diana OlickTotal mortgage application volume fell 0.2 percent for the week and was 0.8 percent lower than a year ago, according to the Mortgage Bankers Association's seasonally adjusted survey.
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Are Rising Mortgage Rates a Threat to U.S. Housing?
Bloomberg, Apr. 25, 2018--Vincent Del Guidice"The question is going to be throughout the year whether or not and at what level are rates too high for the economy," said Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Co. (MBA mention)
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Even Rising Mortgage Rates Won’t Stop Homebuyers
CNN Money, Apr. 25, 2018--Kathryn VaselHome prices are still rising, supply is getting leaner, mortgage rates are going up and competition is intense. Yet despite all the headwinds, buyers seem to be largely resolute.
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Sales are Going to Be Down This Year But It Won’t Be Because of Interest Rates
CNBC, Apr. 25, 2018Redfin CEO Glenn Kelman discusses inventory being the problem in the housing market rather than rising mortgage rates.
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Genworth Cuts its Mortgage Insurance Rates
HousingWire, Apr. 25, 2018--Kelsey RamirezGenworth Mortgage Insurance, an operating segment of Genworth Financial, announced Wednesday it will reduce its national monthly and single premium borrower-paid mortgage insurance rates.
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What 10-Year Treasury Yield at 3% Means for Average Mortgage Rates
National Mortgage News, Apr. 25, 2018--Brad Finkelstein (subscription)If the 10-year Treasury sustains a yield above 3%, rates for the 30-year fixed-rate mortgage could hit 5% sooner than later.
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HUD Proposes Raising Rent for People Receiving Federal Housing Subsidies
HousingWire, Apr. 25, 2018--Ben LaneAccording to HUD, Congress requires HUD-assisted households to provide 30% of their adjusted income toward rent while the government makes up the difference, up to a maximum amount. Under HUD's proposal, that amount would increase to 35% of their net income.
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5th 3rd Earnings and Servicing Up, Home Lending Off
Mortgage Daily, Apr. 25, 2018Quarterly earnings at Fifth Third Bancorp, including mortgage revenues, strengthened. While residential loan originations have slowed, the servicing portfolio expanded.
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Dozens of FHA Mortgagees Face HUD Actions
Mortgage Daily, Apr. 25, 2018HUD's Mortgagee Review Board took actions against 20 FHA mortgagees during the past year.
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Small-Dollar Mortgages for Single-Family Residential Properties
Urban Institute, Apr. 25, 2018--Alana McCargo, et alThe authors examine availability of small-dollar mortgages (up to $70,000) for home purchases, refinances and improvements, presenting information on borrower and loan characteristics, production channels and the geographic distribution of low-cost homes.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Annual Convention & Expo in Washington Oct. 14-17
Join thousands of your industry colleagues in our nation's capital this October for the Mortgage Bankers Association' Annual Convention & Expo 2018.
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MBA Annual Convention & Expo in Washington Oct. 14-17
Join thousands of your industry colleagues in our nation's capital this October for the Mortgage Bankers Association' Annual Convention & Expo 2018.
Full Story
MBA Annual Convention & Expo in Washington Oct. 14-17
Join thousands of your industry colleagues in our nation's capital this October for the Mortgage Bankers Association' Annual Convention & Expo 2018.
Full Story