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Updated: 2 hours 34 min ago

Marin home prices rise 15.5% in November

Thu, 01/04/2018 - 10:16
The median price of a Marin County, Calif., home spiked 15.5% to $952,250 in November, compared with the $824,500 median price a year earlier.

Bankers anxious as Trump mulls credit union regulator for CFPB

Thu, 01/04/2018 - 10:16
In his current position as chair of the National Credit Union Administration, J. Mark McWatters has publicly advocated for cutting back the CFPB’s oversight of the credit union industry.

Reg relief, GSEs to dominate banking policy on Capitol Hill in '18

Thu, 01/04/2018 - 10:16
A regulatory relief package is likely to come out of the Senate in the new year, and lawmakers could follow it up with a housing finance reform push. But the midterm elections could cause some reform initiatives to grind to a halt.

Time to reform Fannie and Freddie is now

Thu, 01/04/2018 - 10:16
The GSEs are on their way to paying back the money they owed the government under the original bailout deal made at the height of the financial crisis, making 2018 an opportune time for an overhaul of the housing finance market.

Like it or not, we need Equifax

Thu, 01/04/2018 - 10:16
The credit bureau enraged many with its response to a massive data breach this fall, but closing the company down would ultimately harm consumers.

Foreclosure rate in Minnesota lowest in a decade

Thu, 01/04/2018 - 10:16
The foreclosure rate in Minnesota is now at the lowest level in more than a decade, and far below the national average.

13 winter reading list recommendations for mortgage exec bibliophiles

Thu, 01/04/2018 - 07:05
With recommended reads from Chase Mortgage's Mike Weinbach, New American Funding's Patty Arvielo and more, check out these 13 books every mortgage pro should have on their winter reading list.

N.J. suspends applications for programs offering foreclosure relief

Wed, 01/03/2018 - 15:45
Two New Jersey programs that provide financial assistance to homeowners on the brink of foreclosure are temporarily suspending acceptance of applications, a state official said this week.

Dallas home prices up 7.1% from a year ago

Wed, 01/03/2018 - 15:45
Dallas-area home prices were up 7.1% from a year ago in the latest nationwide comparison.

Bay Area home prices: yet another record high in November

Wed, 01/03/2018 - 12:43
Dashing wannabe home buyers' dreams yet again, the Bay Area's jaw-dropping home prices soared still higher in November — setting a new record.

People on the move: Dec. 29

Wed, 01/03/2018 - 12:43
Mortgage industry hiring and new job appointments for the week ending Dec. 29.

No change in app defects a positive sign for lenders in 2018

Wed, 01/03/2018 - 12:43
After surging earlier in the year, the number of mortgage loan application defects remained flat in November, a positive sign when it comes to fraud incidents going forward.

Shorts still waiting for big payout on bonds tied to dying malls

Wed, 01/03/2018 - 09:39
Speculators who bet on declines in commercial mortgage bond indexes as a way to profit from the expected demise of regional shopping malls may still be waiting for a big payout, according to Trepp.

Credit union regulator McWatters on shortlist to head CFPB

Wed, 01/03/2018 - 09:39
J. Mark McWatters, chairman of the National Credit Union Administration, is said to be in contention to take over as director of the Consumer Financial Protection Bureau.

As FSOC rethinks SIFIs, will any nonbanks remain on the list?

Wed, 01/03/2018 - 09:39
The Trump administration's Financial Stability Oversight Council is likely to remove the systemically important financial institution label for the remaining nonbanks on the list, but it might consider adding other firms such as Fannie Mae and Freddie Mac.

Tax cut leads Massachusetts bank mortgage lender to raise pay

Wed, 01/03/2018 - 09:39
Employees at HarborOne Bank and its Merrimack Mortgage Co. subsidiary will see their minimum wage rise to $15 per hour, the latest company to accelerate plans to hike salaries.

8 questions mortgage pros must ponder in 2018

Wed, 01/03/2018 - 06:37
From consolidation to tech innovation, here's a look at some of the top challenges and trends that mortgage executives from lenders, servicers and vendors are focused on for 2018.

Inventory shortage to drive home value increase in 2018

Tue, 01/02/2018 - 15:16
Home values grew during 2017 at their fastest pace in four years and the same supply and demand dynamics behind that increase remain in place for 2018.

Mortgage rates rise to highest point in five months

Tue, 01/02/2018 - 15:16
Mortgage rates rose to their highest level since the summer as predicted following Congress passing income tax reform, according to Freddie Mac.

Banks offer guidance to homeowners seeking to prepay property taxes

Tue, 01/02/2018 - 12:10
They aren't creating new products, but some lenders are advising cash-strapped customers in high-tax states to tap home equity or other credit lines to prepay property taxes before the new tax law kicks in.