The Lede
Top National News
What Citi’s Move Toward Digitalization Means for Mortgage Lenders
HousingWire, Jan. 9, 2018--Kelsey RamirezWith this new move into the digital space, Citi is increasing its ability to become a major player in the mortgage industry, and could even soon enter the top 10 ranks of top mortgage lenders.
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Malls May Be Dying, But Bets Against Their Debt Haven’t Paid Off
Wall Street Journal, Jan. 9, 2018--Esther Fung (subsciption)A rash of store closures and bankruptcies last year prompted some investors to bet against debt tied to the retail property sector. So far, at least, the bets haven't paid off.
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The Money Source and Endeavor America to Rebrand as TMS
National Mortgage Professional, Jan. 9, 2018The Money Source has announced that wholesale lender Endeavor America Loan Services has folded into its parent company, creating a unified and streamlined brand, now called TMS, in support of all of its lines of business.
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6 Critical Questions as Housing Finance Reform Heats Up
National Mortgage News, Jan. 9, 2018--Ian McKendry (subscription)The Senate Banking Committee is expected to soon release a bipartisan bill that would significantly reshape the housing finance market, but key issues remain unresolved.
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What the Tax Law Will Do to Bank Earnings
Wall Street Journal, Jan. 10, 2018--Michael Rapoport (subscription)It is going to be a noisy quarter for bank earnings. Because of the tax-overhaul law, big banks are going to record a host of special charges that cut into fourth-quarter profit.
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Subprime Share Up as Mortgage Originations Fall
Mortgage Daily, Jan. 9, 2018Equifax reported although volume of mortgages closed has fallen, the share that are considered subprime has inched higher. Home-equity originations have strengthened.
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Mortgage Credit Tightens to 5-Month Low
Mortgage Daily, Jan. 9, 2018After easing to the loosest levels since the financial crisis, credit conditions in real estate finance contracted to the tightest level in five months, the Mortgage Bankers Association reported.
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Realtors, Licking Their Wounds, Get Ready for Their Next Battle
Wall Street Journal, Jan. 9, 2018--Laura Kusisto (subscription)The National Association of Realtors, one of the largest and wealthiest lobby groups in the U.S., emerged from the recent tax overhaul hobbled and humbled. Now, the coming debate over the government's role in backing mortgages for most Americans will test whether it can regain some of its clout in Washington politics.
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Rising Equity Helps Appraisers, Homeowners Agree More on Price
National Mortgage News, Jan. 9, 2018--Bonnie Sinnock (subscription)Increased equity levels are resulting in higher appraisals that are closer to owners' view of home prices now than they have been since March 2015, according to Quicken Loans.
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U.S. Job Openings, Layoffs Fall to Six-Month Lows in November
Reuters, Jan. 9, 2018--Lucia MutikaniU.S. job openings fell for a second straight month in November, with declines in the manufacturing and real estate sectors, supporting economist forecasts that job growth will slow in 2018.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Premier Member Profile: Info-Pro
From our early days as a regional provider of real estate tax monitoring services to today as a national provider of real estate tax monitoring, flood determination and insurance monitoring services to over 300 customers we still follow that mission. Info-Pro has been helping residential, commercial and agricultural lenders of all sizes manage risk and reduce costs while improving operational efficiencies related to servicing their mortgage loan portfolio.
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MBA Premier Member Profile: Info-Pro
From our early days as a regional provider of real estate tax monitoring services to today as a national provider of real estate tax monitoring, flood determination and insurance monitoring services to over 300 customers we still follow that mission. Info-Pro has been helping residential, commercial and agricultural lenders of all sizes manage risk and reduce costs while improving operational efficiencies related to servicing their mortgage loan portfolio.
Full Story
MBA Premier Member Profile: Info-Pro
From our early days as a regional provider of real estate tax monitoring services to today as a national provider of real estate tax monitoring, flood determination and insurance monitoring services to over 300 customers we still follow that mission. Info-Pro has been helping residential, commercial and agricultural lenders of all sizes manage risk and reduce costs while improving operational efficiencies related to servicing their mortgage loan portfolio.
Full Story