The Mortgage Bankers Association, in a letter yesterday to HUD, offered a series of recommendations to the department's proposed revisions to the FHA condominium programs.
The Era of Super-Low Interest Rates Might be Ending. What's In It For You?
L.A. Times, Nov. 28, 2016--Puzzanghera, Jim
Financial markets have sent a forceful message that the era of super-low interest rates is ending. Mortgage rates have shot up and bond yields have jumped to their highest levels in a year.
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.
A September to Remember With Home Price Increases
National Mortgage Professional, Nov. 28, 2016--Hall, Phil
During September, Black Knight determined the average home price at $266,000, up a scant 0.1 percent from August, but it was higher by a more significant 5.4 percent from one year earlier. September's level is only 0.6 percent away from the peak home price.
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.
Tom Wind Is Revamping How Big Banks Do Mortgages
National Mortgage News, Nov. 28, 2016--Sinnock, Bonnie
Tom Wind is once again leading a large bank's mortgage operation. As the new president of U.S. Bank Home Mortgage, he's set a course that embraces retail, regulation and the FHA.
Mortgage Business Plunges in Holiday Week
Mortgage Daily, Nov. 28, 2016
The holiday week had a significantly negative impact on new mortgage activity, though business held up from a year ago.
Zillow to Pay $6 Million to Settle Alleged Labor Violations
HousingWire, Nov. 28, 2016--Lane, Ben
Zillow Group will pay as much as $6 million to settle a class action lawsuit that accused the company of violating federal labor laws, the online real estate giant announced Monday.
'Basel Is on Life Support' in Trump Era
National Mortgage News, Nov. 28, 2016--Heltman, John; McKendry, Ian
With the election of Donald Trump in the U.S. and an increasingly isolationist mood pervading European banking regulators, the international Basel III accords that underpinned much of the global post-crisis regulatory framework face an uncertain future.
Enhancements Made to Mortgage PPEs
Mortgage Daily, Nov. 28, 2016--Garcia, Sam
Enhancements recently made to product-and-pricing engines for residential loan products have mostly concentrated on integrations with other mortgage technology products.
Recent Income Growth Will Have Limited Benefits for CRE
National Real Estate Investor, Nov. 28, 2016--Bell, Diana
If income growth exceeds inflation, that results in discretionary income, which can help commercial real estate.
Tallest Skyscraper Planned for City of London Wins Approval
Bloomberg, Nov. 28, 2016--Sidders, Jack; Mayes, Joe
The 73-story building, which will include a public viewing gallery and restaurant at the top, as well as enough workspace for 10,000 people, was approved at a vote on Monday. The tower will be constructed by Aroland Holdings Ltd., a closely-held company based in Singapore.
Canada Watchdog Lays Down Warning to Mortgage Lenders
Reuters, Nov. 28, 2016--Mordant, Nicole; Scuffham, Matt
Canada's banking regulator on Monday urged everyone in the country's mortgage industry to support tougher lending rules, warning lenders could face big losses if overheating housing markets turn.
First American: Wage Growth Drives Increased Housing Affordability
Home Prices Show 1% Monthly Increase
HOPE NOW: Mortgage Industry Assisted 344K Homeowners in Q3
Permanent Loan Modifications at 102,000; Short Sales 17,000
CBRE: Capital Markets Remain 'Fairly Healthy'
But Less Activity and Less Growth Than Year-Ago
Dealmaker: Cohen Financial Secures $38M for Multifamily, Retail Properties
$21M Will Build Multifamily Property in Chicago's West Loop
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