Trulia, San Francisco, said when it comes to the American dream of homeownership, immigrants are closing the gap on the native-born.
New Home Purchase Apps Rise in September: MBA
National Mortgage News, Oct. 13, 2016--Passy, Jacob
Loan applications for new home purchases rose 3% in September over the previous year, but continued year-over-year growth could be subdued for the rest of 2016, according to the Mortgage Bankers Association.
Small Lenders Worry GSE Moves Will Leave Them Behind
National Mortgage News, Oct. 13, 2016--Collins, Brian
The Mortgage Bankers Association wants FHFA to continue to build on its credit risk transfer programs and accelerate the transfer of credit risk to private investors. But it acknowledges FHFA needs to ensure fair access for smaller lenders.
Mortgage Rates Rise in Anticipation of Federal Reserve Rate Increase Later this Year
Washington Post, Oct. 13, 2016--Orton, Kathy
Mortgage rates remain quite low by historical standards, but even a modest increase is sufficient to significantly reduce refinance application volume, said MBA Chief Economist Mike Fratantoni.
Will CFPB Ruling Spur Banks to Reopen Old Enforcement Actions?
National Mortgage News, Oct. 13, 2016--Berry, Kate
Companies weighing whether to reopen past settlements with the Consumer Financial Protection Bureau after a federal appeals court limited the agency's powers may want to think twice, according to industry experts.
Wells Fargo's Textbook Case of Botched Crisis Management
Wall Street Journal, Oct. 13, 2016--Glazer, Emily
CEO John Stumpf slow to respond to outrage over employee misdeeds, stonewalled senators and irked No. 1 shareholder Warren Buffett
Stated Income Mortgages Quietly Return to RMBS
GoRion, Oct. 13, 2016--Curry, Kerry
Stated income loans all but disappeared after the housing crisis, but they, along with other forms of subprime lending, have quietly returned, albeit often under new terminology.
How Technology Is Revolutionizing CRE Investing
National Real Estate Investor, Oct. 13, 2016--Chivetta, A.J.
Momentum is building toward a tech-driven revolution that promises to provide a much-needed dose of modernization to commercial real estate investing.
The Foreclosure Crisis Is Over, But Not in Every State
Atlanta Journal-Constitution, Oct. 13, 2016--DiGangi, Christine
The housing crisis played out differently state by state, and foreclosure can take a very long time in some jurisdictions.
Are Men or Women Getting the Better Deal on a Mortgage?
Aol.com, Oct. 13, 2016--Lake, Rebecca
Research reveals that while women are statistically better than men at keeping up with their mortgage payments, they're also more likely to pay more for a loan.
Fed Buys $8 Billion of Mortgage Bonds, Sells None
Reuters, Oct. 13, 2016
The Federal Reserve bought $7.957 billion of agency mortgage-backed securities in the week from Oct. 6 to Oct. 12, compared with $10.901 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.
Economists Believe a Recession Is Likely Within Next Four Years
Wall Street Journal, Oct. 13, 2016--Zumbrun, Josh
In WSJ survey, GDP forecasts are little changed at 2.2% in 2017, 2% in 2018.
Manhattan Apartment Rents Decline After 35% Surge in Listings
Bloomberg, Oct. 13, 2016--Carmiel, Oshrat
Manhattan apartment rents fell last month as landlords' pricing power was hurt by a wave of new listings and tenants who shopped around for better deals.
2 Mortgage Executives Promoted
Mortgage Daily, Oct. 13, 2016--Garcia, Sam
Wells Fargo & Co.'s head of home lending Franklin Codel will join the company's operating committee and take over all of consumer lending.
Another Record Quarter for McLean Mortgage
Mortgage Daily, Oct. 13, 2016
A rise in home lending at McLean Mortgage Corp. pushed quarterly volume.
U.S. Jobless Claims at 43-Year Low; Import Price Deflation Easing
Reuters, Oct. 13, 2016--Mutikani, Lucia
Veros: Housing Forecast Shows Emerging Geographical Polarization
Pacific Northwest Dominates High-Growth Areas
MBANow: Visit The HUB at MBA Annual Convention & Expo
Network, Learn, Lead
News from Calyx; idsDoc; LRES; Roostify; Optimal Blue; Seroka; ATTOM; UtilityScore
Dealmaker: Meridian Capital Arranges $52M for Multifamily Assets
Three Years Interest-Only in Brooklyn
Captains Mark, Scott Kelly Keynote MBA Annual Convention & Expo
Annual Convention Returns to Boston Oct. 23-26
MBA Education Ten Ratios Every Mortgage Banker Must Know Webinar Oct. 18
Learn Secrets of Top-Performing Mortgage Bankers
MBA Education Ordinance or Law Insurance: Coverage & Claim Perspectives Webinar Oct. 20
Real-World Lessons, Examples from Claims Settlements
MISMO Call for Participation: eNote Implementation Workgroup
Application Deadline Friday, Oct. 21