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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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