Mortgage News

For consumers, Mortgage News Daily (MND) provides education via thousands of pages of information related to mortgage, real estate, and housing matters. Through the collaborative environment created by MND, professional members of our community have answered thousands of questions submitted by consumers, creating a vast knowledge base.

RSS Pipeline Press

  • THL Invests in G-Rate; Fair Lending and HMDA News
    Originators, who work with plenty of renters who want to be owners, should know that the Harvard Joint Center tells us that, “We’re finally seeing the record growth in renters slow down, but while the market has responded to rental housing needs for higher-income households, there are alarming trends that suggest a growing inability to […]
    Rob Chrisman
  • Tax News; State-Level Changes; Jumbo/Non-Conforming Updates; Dot Plot Primer
    There’s a lot of airport travel coming up. It is best to stay cool, calm, and collected. Unfortunately, something else that is cool, and calm, is the entry level market for homes. Thousands of housing stats are spit out every year, and here's another one: Zillow finds about 270,000 fewer homes are sold each year […]
    Rob Chrisman
  • Lender/Appraiser Product; Investor Disaster Updates; Movement's Penalty
    Word on the street has House and Senate negotiators agreeing to scale back the mortgage interest deduction in the latest version of the GOP tax bill. The move means homeowners will now be able to deduct interest on the first $750,000 of a new mortgage, down from the current limit of $1 million. Legislation has […]
    Rob Chrisman
  • Upcoming Events; Mortgage and Bank Announcements; MBS Issuance Rankings
    Today I find myself in Florida spending time with American Bancshares. Did you know the area code for Cape Canaveral is 321…as in a countdown? 2017 is counting down. No one has a crystal ball, but the MBA thinks that residential volumes will be down 5% in 2018. Others think that is optimistic. Think you […]
    Rob Chrisman
  • Construction and Data Validation Products; FHA, VA, HECM Changes
    Lenders making tough personnel decisions can’t “kick the can down the road” like Congress and the President. On Dec. 8, the National Flood Insurance Program (NFIP) was set to expire. Late last week Congress passed, and the President signed, a two-week spending bill to avoid a government shutdown, allowing an extension on the NFIP to […]
    Rob Chrisman
  • State-Level Policy Updates; Eyes on Fed Rate Increase
    Trio is a lease with an option to purchase that you can use to finance your new home." Its sister company is Ownoption Mortgage, doesn't appear to be licensed either. And in the Seattle area, Loftium continues to offer a service to provide down payment funds in exchange for a share of future Airbnb income. "Homebuyers who need Loftium's […]
    Rob Chrisman
  • Servicing News; FHA and VA Update; US Bank Exits Wholesale
    Upset that Richard Cordray has left the CFPB and is officially running for governor of Ohio? Bored with lending here, and want to go into the home financing business in Africa? Per AllAfrica, Tanzania leads the pack with mortgage rates at 18%. The U.S. isn't the only country struggling with affordable housing. The proportion of Tanzanian […]
    Rob Chrisman
  • Tech Products and a Flattening Yield Curve
    How long will venture capital firms enjoy being in a declining margin business like residential lending, historically dominated by individual, family, or employee-owned companies? As rumors and unpublished news swirl about well-known lenders losing agency approval, laying off staff, being acquired, or closing their doors, especially west coast wholesalers, there is innovation. “Create Your Profile, […]
    Rob Chrisman
  • Freddie and Fannie Changes from Agencies, Investors, and Lenders
    It’s good to keep things in perspective, and here’s some Tuesday trivia. Today, 2 billion adults around the world remain without a bank account, including my ne’er-do-well cousin. But 62% of the world's adult population has an account; up from 51% in 2011. Three years ago, 2.5 billion adults were unbanked. Obviously, the need to […]
    Rob Chrisman
  • Tax Proposals; Upcoming Events; G-Rate/Bemortgage Hiring Lawsuit
    In yet again another lesson about not putting all your retirement money in one basket (think WAMU, Countrywide, Nat City...), Walter Investment Management Corp. filed a Chapter 11 bankruptcy plan designed to reduce its corporate debt by $800 million over time. It has become a penny stock: Friday it was trading around 35 cents a share. In early […]
    Rob Chrisman