National Real Estate Investor, Nov. 22, 2016-Bell, Diana
As alternative lenders step up their activity this year, the stretch senior loan is a hybrid product that borrowers can turn to.
Category: Top National News
Low-Income Housing Shown to Not Weigh on Nearby Property Values
Wall Street Journal, Nov. 28, 2016–Kirkham, Chris
Housing units earmarked for low-income residents have virtually no impact on surrounding property values in major U.S. metro areas, according to an analysis of home-price data that runs counter to the conventional view that such projects cause nearby property values to decline.
Mortgage Delinquency Rises, Foreclosures Down
Mortgage Daily, Nov. 29, 2016
Although mortgage delinquency rose for the second consecutive month, foreclosures starts were the lowest in more than a decade, report says.
Will Trump Tackle Housing Finance Reform?
National Mortgage News, Nov. 9, 2016–McKendry, Ian; Sinnock, Bonnie; Finkelstein, Brad
Housing was the talk of the campaign two presidential elections ago, but it stayed under the radar in the 2016 race, leaving plenty of room to speculate about President-elect Donald Trump’s likely mortgage policy for the next four years.
FHA Fund Jumps Again, Fueling Demands for Premium Cut
National Mortgage News, Nov. 15, 2016–Collins, Brian
The Federal Housing Administration’s insurance fund saw its fourth consecutive annual boost in its ratio of reserves to insured mortgages, reaching 2.32% in fiscal year 2016, HUD said.
FHA Financial Picture Improves, Despite Reverse Mortgage Losses
Reverse Mortgage Daily, Nov. 15, 2016–Ecker, Elizabeth
The financial condition of the Federal Housing Administration’s Mutual Mortgage Insurance Fund improved in fiscal year 2016, despite reverse mortgage volatility that dragged on its portfolio.
Quicken Loans Gets FHA Loan Violation Lawsuit Relocated to Detroit
HousingWire, Nov. 15, 2016–Swanson, Brena
A judge granted on Monday that the Quicken Loans landmark case against the Department of Justice and HUD could transfer to the Eastern District Court in downtown Detroit.
Critics Still Unhappy with Fannie, Freddie Conservatorship
HousingWire, Nov. 15, 2016–Ramirez, Kelsey
Future of GSEs still uncertain under a Trump administration.
Failed Bank CEO Gets 14 Months for Trying to Scam $13M in TARP Funds
HousingWire, Nov. 15, 2016–Lane, BenEarlier this year, a federal jury found Brian Hartline, the former president and CEO of NOVA Bank, guilty of criminally defrauding the government.
Experts: Mortgage Tech Regulatory Limits Leave Industry Between Rock and Hard Place
GoRion, Nov. 17, 2016–Wisniowski, Charles
Mortgage tech innovators struggle to keep up in some critical real estate finance areas–notably appraisals and compliance–leaving the industry exposed between a costly rock and a regulatory hard place, experts say.