National Mortgage News, July 13, 2016–McKendry, Ian
Brexit, other factors widen debate.
Category: Top National News
Millennials with Student Debt Not Interested in Buying Homes
HousingWire, July 13, 2016–Ramirez, Kelsey
Millennials reluctant to take on more debt.
Law Center Calls Seller-Financed Home Sales ‘Toxic Transactions’
New York Times, July 14, 2016–Stevenson, Alexandra; Goldstein, Matthew
More “skin in the game” makes homeowners more responsible, study says.
Neighbors Say ‘Zombie’ Condominiums Also a Drain
LoHud (N.Y.), July 15, 2016–Matsuda, Akiko (N.Y. MBA mention)
N.Y. Mortgage Bankers Association reiterates call for changes to state foreclosure procedures, longest in country.
Senate Passes Bipartisan FHA Condo Reform Bill
National Mortgage News, July 15, 2016–Collins, Brian
Bill includes major reforms to FHA condo program, Rural Housing Service program.
Tax Credit Certificates on the Rise
UExpress, July 15, 2016–Sichelman, Lew
The certificates help low-, moderate-income buyers offset interest.
Study: Recent Changes to Reverse Mortgage Rules Cut Default Risk in Half
HousingWire, July 15, 2016–Lane, Ben
Center for Retirement Research study lauds new HECM rules.
Risk Retention Rattles Commercial Mortgage Market
National Mortgage News, July 15, 2016–Collins, Brian
New requirements could disrup commercial mortgage-backed securities market.
Race Strongly Influences Mortgage Lending in St. Louis, Study Finds
New York Times, July 19, 2016–Eavis, Peter
Study asserts federal data show mortgage lending reinforcing segregation in St. Louis neighborhoods.
FHLB Jumbo Loan Limits Raised to $2.5M
National Mortgage News, July 18, 2016–Collins, Brian
Mortgage Partnership Finance Direct program to accept jumbos, hybrid ARMs.