Category: Top National News

National Mortgage News, Jan. 4, 2018–Brian Collins (subscription)The recently enacted tax reform bill is likely to reshape sections of the housing industry, including encouraging more consumers to rent instead of buy and tamp down the rapid rise in home prices.

HousingWire, Jan. 4, 2018–Ben LaneIn a move that prominent Democrats and fair housing experts are calling disastrous for the AFFH rule, HUD plans to announce Friday that it is delaying the deadline for local governments to submit their fair housing evaluations by one year.

National Mortgage News, Jan. 4, 2018–Kate Berry (subsciption)Sen. Sherrod Brown, the top Democrat on the Senate Banking Committee, is calling on the Trump administration to support the Consumer Financial Protection Bureau’s enforcement action against PHH Corp., which agreed Wednesday to a $45 million settlement for foreclosure abuses.

Mortgage Daily, Jan. 4, 2018Last year’s issuance of private-label residential mortgage-backed securities was more than double 2016’s level. Further growth is expected this year.

Bloomberg, Jan. 4, 2018–Claire BostonA wave of store closings and retailer bankruptcies is coming in early 2018, as the industry deteriorates faster than analysts had expected a year ago, according to Credit Suisse Group AG.

Commercial Observer, Jan. 3, 2018–Mack BurkeFannie Mae and Freddie Mac have recently set multifamily lending records, but in the current multifamily market environment, that volume and competition could create a problem–and a slowdown may be on the way.

Dayton Daily News, Jan. 3, 2018–Max FilbyThe attorneys general of 49 states and Washington, D.C., reached a multi-million-dollar settlement with PHH Mortgage accused of improperly servicing loans.

HousingWire, Jan. 3, 2018–Kelsey RamirezAfter steadily climbing for the past 13 years, the population of renters decreased for the first time since 2004, according to the Annual Rent Report from ABODO, an apartment listing service.

Mortgage Daily, Jan. 3, 2018Comprising the total are $318.159 billion in Ginnie Mae loans, $242.304 billion in Freddie Mac mortgages and $201.083 billion in Fannie Mae loans.

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.