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.
Category: Top National News
Another Retail Bankruptcy Wave Is on the Way, Credit Suisse Says
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.
The Formidable Fannie and Freddie: Is Multifamily Lending Set for a Slowdown in 2018?
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.
Ohio Reaches $45M Settlement with Mortgage Lender
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.
Rental Population Decreases for First Time Since 2004
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.
MSRs For Sale on Big Portfolio of Agency Loans
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.
CFPB 2018 Outlook: More Deregulation, More Upheaval
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.
Could Blockchains Replace Banks in Real Estate Lending
National Mortgage News, Jan. 2, 2018–Penny Crosman (subscription)Real estate deals on a blockchain are becoming real. The startup Propy recently sold an apartment in the Ukraine through its blockchain, and in the last week of December it began letting Californians buy and sell properties on its blockchain using bitcoin.
FHA Faces Uphill Struggle to Win Lenders Back
National Mortgage News, Dec. 26, 2017–Brian Collins (subscription)”There are lots of fixes that need to be made at HUD,” said David Stevens, president and chief executive at the Mortgage Bankers Association “A lot of lenders have left the FHA program due to enforcement risk and the huge cost of servicing defaulted [FHA] mortgages.”
Homeowners Rush to Prepay 2018 Property-Tax Bills
Wall Street Journal, Dec. 26, 2017–David Harrison, Jennifer Levitz (subscription)Homeowners across the nation rushed last week to prepay their property taxes for 2018 before the Republican tax law kicks in Jan. 1 and effectively raises the levy on higher-end homes.