HousingWire, Jan. 3, 2017–Lane, Ben
American International Group officially closed the sale of its mortgage-guaranty unit United Guaranty to Arch Capital Group on Dec. 31, the companies announced Tuesday morning.
Category: Top National News
Mortgage Insurance Deduction for Middle-Income Homeowners Expired at the End of 2016
Washington Post, Jan. 4, 2017–Harney, Kenneth R.
The authorization for this benefit to middle-income owners expired on Dec. 31, 2016. As a result, it will not be available for borrowers during 2017 and beyond unless reauthorized through congressional action.
Loan Mods Plunge at Largest National Banks
National Mortgage News, Jan. 4, 2017–Collins, Brian
National banks have experienced a dramatic drop in loan modification activity over the past year, according to the Office of the Comptroller of the Currency.
Walter Investment Sells Insurance Agency to Assurant
National Mortgage News, Jan. 4, 2017–Passy, Jacob
Walter Investment Management Corp. has agreed to sell Green Tree Insurance Agency to a wholly owned subsidiary of insurance company Assurant.
Fannie Announces M.I. Updates
Mortgage Daily, Jan. 4, 2017
Updates address 2 acquisitions, PMIERs financial requirements.
This Chart Proves Borrowers Keep Getting Better at Paying Their Mortgage
HousingWire, Jan. 4, 2017
The trend isn’t letting up as borrowers once again prove they are getting better at paying their mortgage on time, according to the Office of the Comptroller of the Currency’s 2016 third-quarter report on mortgages.
Ohio Becomes First State to Ban Plywood on Vacant Properties
HousingWire, Jan. 5, 2017–Lane, Ben
The fight against neighborhood blight took a giant step forward this week, as Ohio just became the first state to ban the use of plywood on vacant and abandoned properties.
Over $300 Million in HELOCs Sold
Mortgage Daily, Jan. 5, 2017
The transaction was announced Thursday by Mortgage Industry Advisory Corp., which placed the loans through its whole-loan desk.
Mall Rents Too Expensive, Hurting Macy’s, Other Department Stores: CNBC’s Jim Cramer
Phoenix Business Journal, Jan. 6, 2017–Sunnucks, Mike
CNBC analyst said mall and shopping center rents are a “substantial part” of the competitive problems facing Macy’s, Kohl’s and other brick-and-mortar department stores.
Vacancy Rates Rise at Shopping Centers
Wall Street Journal, Jan. 6, 2017–Fung, Esther
Vacancy rates in community shopping centers increased in 30 of 77 U.S. metro areas last year, compared with 24 in 2015 and 19 in 2014, according to data from real estate researcher Reis Inc.