The Lede
Top National News
MBA Opens Doors Foundation Raises Record $1.8 Million in 2017
HousingWire, Jan. 2, 2018--Caroline BasileNow in its fifth full operating year, MBA Opens Doors has assisted nearly 1,600 families.
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FHA Loan Limits are Increasing: That’s Good News for Borrowers
The Mortgage Reports, Jan. 2, 2018--Erik. J. MartinHUD recently announced that FHA loan limits will increase in many parts of the country. This is big news for borrowers who want to pursue an FHA mortgage loan.
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CFPB 2018 Outlook: More Deregulation, More Upheaval
National Mortgage News, Jan. 2, 2018--Kate Berry (subscription)To say that 2017 was a year of upheaval for the Consumer Financial Protection Bureau is putting it mildly.
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Could Blockchains Replace Banks in Real Estate Lending
National Mortgage News, Jan. 2, 2018--Penny Crosman (subscription)Real estate deals on a blockchain are becoming real. The startup Propy recently sold an apartment in the Ukraine through its blockchain, and in the last week of December it began letting Californians buy and sell properties on its blockchain using bitcoin.
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U.S. Bank Becomes Latest Bank to Increase Wages, Hand out Bonuses After Tax Reform
HousingWire, Jan. 2, 2018--Ben LaneU.S. Bancorp, the parent company of U.S. Bank announced Tuesday that it is handing out a $1,000 bonus to nearly 60,000 employees. The bank also plans to increase its minimum wage for all hourly employees to $15 per hour.
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Record Low for Weekly Mortgage Business
Mortgage Daily, Jan. 2, 2018Mortgage business went out with a whimper in 2017, with new activity during the final week--which included Christmas--plunging to the lowest level since tracking began.
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Wholesale Lenders Promote Non-QM, Alt-A Programs
Mortgage Daily, Jan. 2, 2018--Sam GarciaSeveral wholesale mortgage lenders are now offering Non-QM programs. Other recently announced offerings include Alt-A, jumbo and nonprime programs.
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U.S. Office Market Softened in 2017
Wall Street Journal, Jan. 2, 2018--Peter Grant (subscription)The U.S. office market in 2017 experienced a slowdown in tenant expansions while supply growth stayed at about the same level as in 2016, according to a new report.
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The Tax Law Hits Manhattan Home Sales
Bloomberg, Jan. 3, 2018--Oshrat CarmielManhattan home resales fell in the fourth quarter as buyers wavered ahead of the expected tax overhaul and stood firm in their refusal to overpay.
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Peak Commercial Real Estate Prices Force Investors to Get Creative
Wall Street Journal, Jan. 2, 2018--Peter Grant; Shefali Anand (subscription)As 2017 ended, the good news for commercial real estate investors was that values were near peak levels in many markets. The bad news: values in many markets are near peak levels, which will make buying property this year particularly tricky.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Premier Member Profile: Sutherland Global
As a process transformation company, Sutherland Global rethinks and rebuilds processes for the digital age by combining the speed and insight of design thinking with the scale and accuracy of data analytics.
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MBA Premier Member Profile: Sutherland Global
As a process transformation company, Sutherland Global rethinks and rebuilds processes for the digital age by combining the speed and insight of design thinking with the scale and accuracy of data analytics.
Full Story
MBA Premier Member Profile: Sutherland Global
As a process transformation company, Sutherland Global rethinks and rebuilds processes for the digital age by combining the speed and insight of design thinking with the scale and accuracy of data analytics.
Full Story