Feed aggregator

Low refinance rates not to blame for gun-shy sellers

National Mortgage News - 12 hours 28 min ago
Many have speculated that low refinance rates have been preventing homeowners from selling, but this factor is less consequential than expected, according to ValueInsured.

Orlando home sales rebound after Hurricane Irma

National Mortgage News - 12 hours 28 min ago
Orlando-area home sales that stalled immediately following Hurricane Irma appeared to have finally closed in October.

Cordray to leave CFPB by end of month

National Mortgage News - 12 hours 28 min ago
The announcement by the head of the Consumer Financial Protection Bureau ends months of speculation about how long he planned to stay at the agency.

Delinquencies decline to recession-era low: TransUnion

National Mortgage News - 12 hours 28 min ago
The 60-day-plus mortgage borrower delinquency rate dropped to the lowest point since the recession suggesting that there is still room to broaden credit.

Acquisition doubles Mid America's origination volume

National Mortgage News - 12 hours 28 min ago
Mid America Mortgage's deal to acquire the assets of two Oklahoma City-based lenders will double the Addison, Texas, company's loan volume.

Mortgage applications rise as refinance demand increases

National Mortgage News - 12 hours 28 min ago
Mortgage application activity rose 3.1% from one week earlier as refinance demand increased, according to the Mortgage Bankers Association.

Benefit Street Partners returns with $440.7M CRE CLO

National Mortgage News - 15 hours 32 min ago
Benefit Street Partners is securitizing 20 short-term commercial real estate loans it originated or acquired for transitional properties currently with unstable cash flow.

Home Depot's post-hurricane boom comes at expense of profit

National Mortgage News - 15 hours 32 min ago
Home Depot saw sales surge in the wake of this year's barrage of hurricanes, but the storms still took a toll on the retailer's bottom line.

House passes flood insurance reform, but will Senate act in time?

National Mortgage News - Thu, 11/16/2017 - 15:56
The House approved a five-year extension of the National Flood Insurance Program on Tuesday, but it remains unclear whether the Senate will seek to pursue its own bill. The program is due to expire Dec. 8.

How tax reform could devastate the affordable housing market

National Mortgage News - Thu, 11/16/2017 - 15:56
Housing advocates are pressing Senate Republicans to expand the low-income housing tax credit program while pushing back against a House GOP plan that would eliminate financing for half of all affordable housing units.

House passes sweeping tax bill; Teeing Senate Up For Battle

IEHI News feed - Thu, 11/16/2017 - 14:07
The House on Thursday passed legislation to overhaul the tax code, moving Republicans one step closer to achieving the top item on their legislative agenda. 

The measure was approved by a vote of 227-205. No Democrats voted for the bill, while 13 Republicans broke ranks to oppose it.  

...

Senate Republicans have their own tax bill, which is currently being considered by the chamber's tax-writing committee.

The Senate legislation differs from the House's in a number of ways. Unlike the House bill, the Senate bill fully repeals the state and local tax deduction, delays the corporate tax cut until 2019 and repeals ObamaCare's individual mandate. 

The Senate's bill also sunsets tax cuts for individuals after 2025, in order to comply with the "Byrd rule" that the measure can't increase the deficit after 10 years if it is to pass with a simple majority.

No more than two Senate Republicans can vote against their bill if Democrats are united in opposition to it. Already, Sen. Ron Johnson (R-Wis.) has said he doesn't support either the House or the Senate bills because they provide more of a benefit to corporations than to other types of businesses. Sen. Susan Collins (R-Maine) has expressed concerns about including repeal of the individual mandate, but has not taken a hard stance yet on the measure.''

House passes sweeping tax bill; Teeing Senate Up For Battle

Implode Explode - Thu, 11/16/2017 - 14:07
The House on Thursday passed legislation to overhaul the tax code, moving Republicans one step closer to achieving the top item on their legislative agenda. 

The measure was approved by a vote of 227-205. No Democrats voted for the bill, while 13 Republicans broke ranks to oppose it.  

...

Senate Republicans have their own tax bill, which is currently being considered by the chamber's tax-writing committee.

The Senate legislation differs from the House's in a number of ways. Unlike the House bill, the Senate bill fully repeals the state and local tax deduction, delays the corporate tax cut until 2019 and repeals ObamaCare's individual mandate. 

The Senate's bill also sunsets tax cuts for individuals after 2025, in order to comply with the "Byrd rule" that the measure can't increase the deficit after 10 years if it is to pass with a simple majority.

No more than two Senate Republicans can vote against their bill if Democrats are united in opposition to it. Already, Sen. Ron Johnson (R-Wis.) has said he doesn't support either the House or the Senate bills because they provide more of a benefit to corporations than to other types of businesses. Sen. Susan Collins (R-Maine) has expressed concerns about including repeal of the individual mandate, but has not taken a hard stance yet on the measure.''

10 states with the lowest mortgage closing costs

National Mortgage News - Thu, 11/16/2017 - 12:47
Transfer taxes, settlement services and other home buying fees can vary wildly from state to state. Here's a look at the 10 states where home buyers need the least amount of cash to cover their closing costs.

One57 foreclosure shatters price dreams at billionaires' tower

National Mortgage News - Thu, 11/16/2017 - 12:47
When a full-floor penthouse at Manhattan's One57 sold at a foreclosure auction, it didn't just settle an international mortgage gone bad.

The Shock of Sweden's Housing Market is Hitting the Country's Currency

Implode Explode - Thu, 11/16/2017 - 11:11
Can a central bank steer the housing market? Not so long ago, Sweden's Riksbank decided: no. Now, there's a risk that decision may backfire as the biggest property market in Scandinavia risks sinking into a correction.

The evidence of price declines was so worrying on Tuesday that it contributed to a 1.5 percent slump in the krona against the euro. A weak currency puts the Riksbank's inflation target at risk. So should it be looking at the housing market more closely?

Developments in Sweden's housing market "could spark some doubts at the Riksbank as it may affect the overall economic outlook and inflation," Nordea analyst Andreas Wallstrom said in a note.

The Shock of Sweden's Housing Market is Hitting the Country's Currency

IEHI News feed - Thu, 11/16/2017 - 11:11
Can a central bank steer the housing market? Not so long ago, Sweden's Riksbank decided: no. Now, there's a risk that decision may backfire as the biggest property market in Scandinavia risks sinking into a correction.

The evidence of price declines was so worrying on Tuesday that it contributed to a 1.5 percent slump in the krona against the euro. A weak currency puts the Riksbank's inflation target at risk. So should it be looking at the housing market more closely?

Developments in Sweden's housing market "could spark some doubts at the Riksbank as it may affect the overall economic outlook and inflation," Nordea analyst Andreas Wallstrom said in a note.

Hurricane Irma didn't damage home values across Manatee-Sarasota

National Mortgage News - Thu, 11/16/2017 - 09:44
Hurricane Irma could do little to slow surging home prices in the Manatee-Sarasota region in September. Or across Florida, for that matter.

Renters in Sonoma County on edge as market tightens after fires

National Mortgage News - Thu, 11/16/2017 - 09:44
Sonoma County, Calif., renters, property managers and housing advocates say the October wildfires grabbed hold of a constrained rental market and squeezed it by the throat.

Appraisers and homeowners almost agree on home values

National Mortgage News - Thu, 11/16/2017 - 09:44
Appraiser and homeowner opinions on home values continue to converge, with the gap between the two viewpoints narrowing for the fifth consecutive month.

J.G. Wentworth reduces net loss, posts mortgage gains

National Mortgage News - Thu, 11/16/2017 - 09:44
The J.G. Wentworth Co.'s financial results improved in the third quarter, due in part to an increase in mortgage originations, but it continued to operate at a loss.