The Lede
Top National News
House Pushes New Agenda on Dodd-Frank, CFPB Overhauls
National Mortgage Professional, Mar. 16, 2018--Phil HallThe House of Representatives is flexing its muscle with a more aggressive legislative agenda for financial services reform.
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Few Homebuyers Balk at High Mortgage Rates
National Mortgage News, Mar. 16, 2018--Brad Finkelstein (subscription)Only a small percentage of borrowers are deterred by the higher rates seen this year, even with the additional cost making it tough for first-time buyers to find affordable properties, said Redfin.
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FTC Sanctions CoreLogic For Failing to Comply with DataQuick Acquisition Agreement
HousingWire, Mar. 16, 2018--Ben LaneCoreLogic did not appropriately provide property data to ATTOM Data Solutions as was required by a 2014 agreement with the Federal Trade Commission relating to CoreLogic's acquisition of DataQuick Information Systems, the FTC said this week.
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Refi Share Wider Despite Record Low Rate-Term
Mortgage Daily, Mar. 16, 2018The Mortgage Daily U.S. Mortgage Market Index for the week ended March 16 drifted lower by 4 percent from the previous seven-day period.
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American Housing Shortage Slams the Door on Buyers
Wall Street Journal, Mar. 18, 2018--Laura Kusisto (subscription)America is facing a new housing crisis. A decade after an epic construction binge, fewer homes are being built per household than at almost any time in U.S. history.
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Some Cities Get Aggressive in Public-Housing Battle
Wall Street Journal, Mar. 18, 2018--Laura Kusisto (subscription)As New York struggles to save its public housing, other major cities have moved aggressively to transform their public-housing stock.
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The Higher the Score, the Lower the Rate
UExpess, Mar. 16, 2018--Lew SichelmanBoosting your credit score before you secure a home loan can pay off big-time--in some cases, to the tune of tens of thousands of dollars over the life of your mortgage.
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M.I. Firms Warn About Freddie Pilot
Mortgage Daily, Mar. 16, 2018The nation's mortgage insurance companies are warning about a new pilot program that enables Freddie Mac to bypass traditional mortgage insurance.
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For Sale: A $2 Billion Tower From the ’60s
Bloomberg, Mar. 19, 2018--David M LevittLast year, Chinese conglomerate HNA bought 245 Park Ave., a late 1960s-era building that's home to JPMorgan Chase & Co., paying one of the highest prices ever for a New York office property. Values have since dropped and HNA faces the challenge of selling a building that's starting to lose some of its gold-plated tenants and in need of improvements that could cost its new owner more than $1 billion.
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U.S. Industrial Output Soars; Housing Starts Fall
Reuters, Mar. 16, 2018--Lucia MutikaniU.S. industrial production surged in February, boosted by strong increases in output at factories and mines, but the economic outlook for the first quarter was dimmed by a larger-than-expected plunge in homebuilding last month.
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