Category: Top National News

Mortgage Daily, Aug. 31, 2018–Sam GarciaInvestors who acquire distressed home loans at a significant discount could raise the value of their investments with financial counselors who help borrowers increase their cash flow.

Mortgage Daily, Aug. 30, 2018The Mortgage Bankers Association presented the rankings as part of its Commercial/Multifamily Real Estate Mortgage Servicer Rankings Mid-Year 2018.

American Banker, Aug. 30, 2018–Rachel Witkowski (subscription)How to modernize the Community Reinvestment Act has long triggered intense debate and disagreement among all the parties as banks favor expanding CRA assessment areas and consumer groups worry that a broad expansion would simply make it easier for banks to score high CRA grades.

HousingWire, Aug. 30, 2018–Ben LaneReis currently provides analysis and forecasts for 275 metropolitan markets and 7,700 submarkets in multifamily, affordable housing, office, retail, student housing and senior housing.

Washington Post, Aug. 29, 2018–Kenneth R. HarneyFrom January through March of this year, the average credit score for new-home purchase loans was 672, according to FHA data. By contrast, the average was 701 during the same period in 2011. Refinancings where borrowers replace their existing FHA loans with new ones carried average FICO scores of 709 in mid-2012; earlier this year, that had plummeted to 661.

National Mortgage News, Aug. 29, 2018–Hannah Long (subscription)More than three years after a Supreme Court ruling validated “disparate impact” as a legal argument in fair-lending cases, the banking industry and housing advocacy groups are still at odds over how to interpret the decision.

Mortgage Daily, Aug. 29, 2018A more than 20-basis-point drop in delinquency on securitized commercial real estate loans left the rate at its lowest level in nine years, said Moody’s Investors Service.

Wall Street Journal, Aug. 28, 2018–Lalita Clozel (subscription)The Office of the Comptroller of the Currency took the first step Tuesday toward rewriting rules for lending in lower-income neighborhoods, an effort that could allow institutions to redirect billions of dollars spent on loans and investments.

HousingWire, Aug. 28, 2018–Kelsey RamirezThe Federal Housing Finance Agency announced Tuesday its new proposed rule which would amend its rule on golden parachute payments in order to reduce compliance burdens.

Reuters, Aug. 28, 2018–Katanga JohnsonThe Securities and Exchange Commission said on Tuesday that it charged Moody’s Investor Service with failing to clearly define and consistently apply credit-rating symbols in a first-ever ratings-related enforcement action by the regulator.