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NAR Pushes to Protect the Homeownership Incentive Provided by the Mortgage Interest Tax Deduction

July 27, 2017
The Trump administration and many Republicans in Congress are working on tax-reform legislation that could have a significant impact on the utility of the mortgage interest deduction, prompting warnings from the National Association of Realtors. “The decimation of the mortgage interest and real property tax deductions would very likely cause a significant plunge in the value of all houses,” said NAR President William Brown in a recent letter to Sen. Orrin Hatch, R-UT, chairman of the Senate Committee on Finance. Currently, homeowners who itemize their deductions can exclude...
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Wells Looking to Amp Up Interest-Only Mortgages for Jumbo Borrowers

July 26, 2017
Brandon Ivey
Wells looks to up its originations by boosting IO jumbos.
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Whole Loan Execution Too Good to Pass Up for Citadel

July 26, 2017
Paul Muolo
Citadel is definitely feeling good about whole loan execution these days.
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Redwood Taps First Republic, Quicken for Jumbos

July 26, 2017
Brandon Ivey
Only two lenders have consistently provided more than 5.0 percent of the dollar volume in jumbo MBS Redwood has issued this year: First Republic Bank and Quicken Loans.
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MRB Suspends Lender’s Authority to Originate, Service FHA Loans

July 26, 2017
George Brooks
HUD's MRB suspends Seckle Capital.
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Short Takes: Arbitration Rule Gets Whacked/ Peirce Named to SEC (Again)/ Cordray to Ohio (?)

July 26, 2017
Thomas Ressler and George Brooks
The U.S. House of Representatives voted Tuesday overturn the Consumer Financial Protection Bureau’s controversial arbitration rule...
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Early Look at 2Q Lending Reveals Mixed Bag at Big Banks and Bullish Nonbanks

July 25, 2017
Paul Muolo
The nation’s megabanks reveals a mixed bag when it comes to residential originations.
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More Damaging Documents Released Against Government in GSE Lawsuit

July 25, 2017
Carisa Chappell
More emails and memo have been unsealed in favor of Fannie Mae and Freddie Mac shareholder lawsuits.
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Ocwen Looking Out for Struggling Homeowners in Miami

July 25, 2017
Carisa Chappell
Ocwen partners with other groups to help prevent foreclosures.
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Fannie Prices $1.4B CAS Deal, Program Remains Strong

July 24, 2017
Carisa Chappell
Fannie's Connecticut Avenue Securities program, launched in 2013, continues to grow.
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