The Ticker

Nonbanks dominate FHA-backed mortgages

Is this good or bad for the industry?
Nonbank’s share of Federal Housing Administration-backed mortgages crossed $1 trillion for the first time in November. The news, while positive for nonbanks, is causing some in the industry to question the consequences nonbanks face if the industry undergoes any future stress.
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Total value of homes sold in Northwest increases 18%+ in 2016

Closed sales transactions increase for the year
Home values increased in 2016, along with the number of homes sold throughout the year, leading to an increase of more than 18% in the total value of homes sold. The increase in sales, however, is not being replaced with new inventory as the housing shortage continues to grow.
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BB&T reports record year for earnings in 2016

But residential mortgage loans decreased in Q4
BB&T reported record earnings for 2016, and fourth quarter earnings significantly higher than the previous year. However, these increases were not driven by residential mortgage loans which actually decreased in the fourth quarter of 2016.
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[Video] Morgan Stanley CEO: "Not a fan of getting rid of Dodd-Frank"

However, there are elements that need to curtailed
Shortly after winning the election, Trump’s transition team posted his plan to dismantle the Dodd-Frank Wall Street Reform Act. But to Morgan Stanley CEO James Gorman, more changes could be destructive to the market. Instead, Gorman defend the controversial Dodd-Frank Wall Street Reform Act.
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