HousingWire, Jan. 17, 2017–Swanson, Brena
Senate Democrats dubbed President-elect Donald Trump’s nominee to lead the Department of the Treasury, Steven Mnuchin, the “foreclosure king,” but while this makes a nice soundbite, it simply isn’t true, according to Movement Mortgage CEO Casey Crawford.
Wall Street Journal, Jan. 17, 2017–Fung, Esther; Smith, Jennifer
Vacant space in malls is being filled by stores used for pickup and returns of goods bought online, and by online merchants looking to reach new customers.
CNBC, Jan. 18, 2017–Olick, Diana
Total mortgage application volume was basically flat, rising 0.8 percent on a seasonally adjusted basis compared with the previous week, according to the Mortgage Bankers Association.
HousingWire, Jan. 18, 2017–Lane, BenIn a unanimous opinion handed down Wednesday, the Supreme Court limited Fannie Mae’s ability to transfer cases to federal court, ruling that the government-sponsored enterprise’s charter does not grant it the right to move all state cases to the federal level.
Bloomberg, Jan. 18, 2017–Dexheimer, Elizabeth; Mohsin, SalehaSteven Mnuchin, nominated by President-elect Donald Trump for Treasury secretary, defended his record as an owner of a mortgage-lender that was accused of unfair lending and foreclosure practices during the financial crisis.
Mortgage Daily, Jan. 18, 2017Mortgage servicing rights are on the market for more than $4 billion in residential loans that are backed by Freddie Mac.
Wall Street Journal, Jan. 19, 2017–Andriotis, AnnamariaBonds backed by certain risky single-family mortgages topped $1 trillion for the first time in November, crossing that threshold amid rising warnings for one corner of the housing market.
National Mortgage News, Jan. 19, 2017–Finkelstein, BradMGIC Investment Corp. reported net income of $107.5 million for the fourth quarter, an increase of nearly 5% over the $102.4 million earned in the same period of 2015.
Wall Street Journal, Jan. 19, 2017–Fung, Esther; Maher, KrisSears and Macy’s closings are a one-two punch for communities already battling retail flight and a changing economy.
Bloomberg, Jan. 20, 2017–Light, JoeHUD on Friday said the agency is canceling a reduction announced last week while President Barack Obama was still in office. The Federal Housing Administration had planned to cut its annual fee for most borrowers by a quarter of a percentage point to 0.60 percent, effective on Jan. 27.
