SAN FRANCISCO--These are not quiet times for Fannie Mae and Freddie Mac.
GSE Reform, CFPB Underwriting Rule are on Collision Course
American Banker, Feb. 4, 2019--Kate Berry (subscription)
Broeksmit at IMB: 'Working to Benefit the Entire Ecosystem'
Mortgage Media, Feb. 4, 2019
The Average Adjustable-Rate Mortgage is Nearly $700,000. Here's What that Tells Us
MarketWatch, Feb. 4, 2019--Andrea Riquier
IRS Offers New Rules and 'Safe Harbors' for Pass-Through Deductions
National Real Estate Investor, Feb. 04, 2019--Beth Mattson-Teig
FICO Scores and Mortgage Rates
Washington Post Writers Group, Feb. 4, 2019--Kenneth Harney
New York Regulators Reject Fidelity's Acquisition of Stewart
National Mortgage News, Feb. 4, 2019--Brad Finkelstein (subscription)
Mr. Cooper Acquires Pacific Union Financial
HousingWire, Feb. 4, 2019--Ben Lane
Federal Reserve Survey Shows Tighter Lending Standards, Weakening Credit Demand
Wall Street Journal, Feb. 4, 2019-Paul Kiernan (subscription)
HGTV Shows Like 'Fixer Upper' Spur Demand for Home Renovation Loans
National Mortgage News, Feb. 4, 2019--Paul Centopani (free article)
Black Knight: Foreclosure Rate, Inventory End 2018 Below Pre-Recession Averages
Black Knight, Jacksonville, Fla., said all four major performance metrics in its Mortgage Monitor Report--delinquencies, serious delinquencies, active foreclosures and total non-current inventory--ended the year below 2000-2005 pre-recession averages for the first time since the financial crisis.
Zillow: More than Third of Home Buyers Make More Than $100,000
Home buyer incomes have pulled ahead of homeowner income, and remain more than double that of renters, said Zillow Inc., Seattle.
Migration Trend Reaches Record High; One in Four People Searching for Home Looks to Change Metros
Twenty-five percent of home searchers looked to move to another metro area in the fourth quarter, up from 23 percent the year before, said Redfin, Seattle. A separate report from Trulia, San Francisco, said migration patterns to warmer climates continue as Baby Boomers seek a respite from harsh winters.
Ginnie Mae announced it restricted Department of Veterans Affairs single-family guaranteed loans pooled by loanDepot in Ginnie Mae pools to Ginnie Mae II custom pools only and removed the previously announced restriction limiting Freedom Mortgage Corp. to Ginnie Mae II custom pools for VA single-family guaranteed loans, effective March 1.
Big Box Store Cap Rates Increase as Sector Evolves
Single-tenant net lease big box store cap rates increased 29 basis points between year-end 2017 and year-end 2018 to 7.04 percent, reported Boulder Group, Northbrook, Ill.
Dealmaker: Bellwether Enterprise Secures $97M
Bellwether Enterprise Real Estate Capital LLC, Cleveland, secured $97.3 million for apartment, retail and assets in Virginia and Ohio.
MBA National Mortgage Servicing Conference & Expo in Orlando Feb. 25-28
The Mortgage Bankers Association's National Mortgage Servicing Conference & Expo 2019 (Servicing19) returns to Orlando Feb. 25-28.
MBA Education School of Mortgage Banking I in D.C. Feb. 12-15
MBA Education presents its popular School of Mortgage Banking Course I Feb. 12-15 at MBA headquarters in Washington, D.C.
MBA Compliance Essentials UDAAP & FTC MAP Rule Resource Guide Available
The MBA Compliance Essentials program offers a new Resource Guide: Unfair, Deceptive, or Abusive Acts and Practices (UDAAP) & FTC Mortgage Acts and Practices Advertising (MAP) Rule.