MIAMI--Mortgage fraud cases have been a downward trend for more than a decade--all the more reason, said law enforcement officials here at the Mortgage Bankers Association's Risk Management, QA and Fraud Prevention Forum, to be even more vigilant.
Baby Boomers Accelerate into Free-and-Clear Homeownership
Fannie Mae, Washington, D.C., reported an increasing number of Baby Boomers paying off their mortgages, although as a cohort they remain behind previous generations.
Higher Rates Not Deterring Millennials
The news about Millennials and homeownership is not all dreary. Ellie Mae, Pleasanton, Calif., said summer temperatures and higher rates appeared to have little effect on the Millennial home buying market.
Quandis Inc., Rancho Santa Margarita, Calif., added new functionality that allows servicers and default attorneys to more easily manage images of official certificates from the Department of Defense to demonstrate proof of compliance for adherence to the Servicemembers Civil Relief Act.
Apartment Rent Growth Stable; Occupancy Remains Tight
U.S. apartment rents saw flat rent growth in September but moderate third-quarter growth, said RealPage, Richardson, Texas, and Yardi Matrix, Santa Barbara, Calif.
Dealmaker: Wells Fargo Provides $101M for Miami Multifamily Construction
Wells Fargo & Co. made a $101 million HUD-insured loan to SM Multifamily LLC, Aventura, Fla., to develop two Florida multifamily towers.
HUD Secretary Carson to Keynote MBA Annual Convention & Expo
HUD Secretary Ben Carson will address the Opening General Session at the Mortgage Bankers Association's Annual Convention & Expo in Denver this October.
MBA Education Fundamentals and Best Practices in Mortgage Accounting Workshop Nov. 13
MBA Education presents Fundamentals and Best Practices in Mortgage Accounting, a one-day workshop taking place Monday, Nov. 13 in San Antonio, Texas, ahead of the MBA Accounting and Financial Management Conference.
NMLS Launches 2018 Licensing Renewal Effort; Deadline Dec. 31
The Nationwide Mortgage Licensing System's 2018 Streamlined Renewal Process begins November 1 and ends December 31. MBA encourages Mortgage Loan Originators to renew their licenses as soon as possible.
MBA Education Advanced Risk Management for Mortgage Pros Oct. 18-20
MBA Education presents Advanced Risk Management for Mortgage Pros in at the Ronald Reagan Building and International Trade Center in Washington, D.C. Oct. 18-20.
Mortgage Rates Hold Steady But Are Trending Higher
Washington Post, Oct. 5--Kathy Orton
Wells Fargo Executives, Board Must Facee Lawsuit over Fake Accounts, Judge Says
Reuters, Oct. 5, 2017--Jonathan Stempel
CFPB OIG Outlines Areas of Improvement for the Regulator
HousingWire, Oct. 5, 2017--Brena Swanson
Senate GOP Hits Resistance on Estate-Tax Repeal--From Republicans
Wall Street Journal, Oct. 5, 2017--Richard Rubin (subscription)
In Defense of Adjustable-Rate Mortgages
Bloomberg, Oct. 5, 2017--Megan McArdle
Home Affordability Remains a Serious Challenge
National Mortgage Professional, Oct. 5, 2017--Phil Hall
Why Commercial Real Estate Lending by Big Apple's Home-Grown Banks Is Down
National Real Estate Investor, Oct. 5, 2017--Ely Razin
Judge Orders Bank of America to Redo Settlement in Mortgage Dispute
Wall Street Journal, Oct. 5, 2017--Katy Stech Ferek (subscription)
Mortgage Industry Loses 2 in Las Vegas Shooting
Orange County Register (Calif.), Oct. 5, 2017--Jordan Graham
SPS Grew its Servicing Rights 14% by Targeting Nonagency Market
National Mortgage News, Oct, 5 2017--Brad Finkelstein (subscription)
Randal Quarles, Trump's First Fed Nominee, Wins Senate Approval
Wall Street Journal, Oct. 5, 2017--Ryan Tracy (subscription)
Mortgage Company President Pleads Guilty to $2.5M Fraud
Associated Press, Oct. 5, 2017
$50 Million in Mortgages Sold
Mortgage Daily, Oct. 5, 2017
The Rich Are Driving Up the Rent
Bloomberg, Oct. 5, 2017--Patrick Clark
Bankrupt U.S. Retailers Begin to Catch a Break
Reuters, Oct. 6, 2017--Jessica DiNapoli, Tracy Rucinski