The Lede

Top National News

Why Loosening the Reins on QM May Put a Dent in GSE Market Share
National Mortgage News, June 5, 2018--Brad Finkelstein (subscription)The recent growth in the non-QM market and concurrently, in private-label securitizations, is a result of participants across the loan life cycle becoming more comfortable with the risk characteristics of these loans, especially as interest rates rise.
Full Story
Mortgage Lenders Need to Keep an Eye on this Little-Known Mortgage Metric
HousingWire, June 5, 2018--Nate ShultzThe FHA compare ratio is a metric used to assess the loan performance of a lender in a specific geography by comparing its default (90+ days delinquent) and claim rate to its peers in the same jurisdiction.
Full Story
Wells Fargo to Sell 52 Branches to Flagstar Bankcorp
MarketWatch, June 5, 2018--Andrea RiquierThe affected branches are in Indiana, Michigan, Ohio and Wisconsin. Nearly 500 Wells employees at those locations will receive job offers from Flagstar.
Full Story
There are More Jobs than People Out of Work, Something the American Economy Has Never Experienced Before
CNBC, June 5, 2018--Jeff CoxThere are 6.7 million job openings and just 6.4 million available workers to fill them, according to the Bureau of Labor Statistics.
Full Story
High Home Prices And Rising Mortgage Rates Aren’t Stopping Sales
Forbes, June 5, 2018--Aly YaleMortgage rates hit their highest point in seven years last month, and home prices have jumped 6.5 percent since mid-2017. But somehow, home buying isn't slowing down.
Full Story
Angel Oak Commercial Lending Buys Stake in Cherrywood Mortgage
National Mortgage News, June 5, 2018--Bonnie Sinnock (subscription)Angel Oak Commercial Lending has acquired a controlling interest in lender Cherrywood Mortgage in order to strengthen its focus on small-balance commercial lending.
Full Story
U.S. House Prices to Rise Twice the Speed of Inflation and Pay
Reuters, June 6, 2018--Hari Kishan, Rahul KarunakarAn acute shortage of affordable homes in the United States will continue over the coming year, according to a majority of property market analysts polled by Reuters, driving prices up faster than inflation and wage growth.
Full Story
Multifamily Investors Face a Cutback in Loan Size
National Real Estate Investor, June 5, 2018--Bendix Anderson Rising interest rates are already making a difference for apartment properties. Borrowers can no longer secure the large permanent loans that have become used to.
Full Story

Residential Finance News

Commercial/Multifamily News

MBA News