Lending

Airbnb hosts can now use income in refinance mortgage apps

Fannie Mae, Quicken Loans and other lenders join partnership
Airbnb announced today it is partnering with some of the largest U.S. lenders to allow host income to be used in mortgage applications. The company partnered with Fannie Mae, Quicken Loans, Better Mortgage and Citizens Bank in its latest initiative to consider home-sharing as a tool for earning extra income when it comes to refinancing a home.
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Mortgage Choice Act approved by House of Representatives

Bill to adjust TILA definition of points and fees passes House for third time
The House of Representatives voted Thursday to pass the Mortgage Choice Act of 2017, which would adjust the Truth in Lending Act’s definitions of points and fees under the Ability to Repay/Qualified Mortgage rule. This is actually the third time that the House has passed a “Mortgage Choice Act” that contained similar provisions.
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MBA: Interest rates to increase four times in 2018

Mortgage Bankers Association expects another two in 2019
During Thursday’s general economic outlook session at MBA’s Servicing conference, Joel Kan, MBA’s associate vice president of industry surveys and forecasts, said there is an expectation for a rising rate environment, given the domestic economic fundamentals against the job market.
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Freddie Mac: Mortgage rates hit highest level since December 2016

Continue steady climb that began in January
Mortgage interest rates now sit at the highest level in more than a year, thanks to five straight weeks of increases. The latest data from Freddie Mac’s Primary Mortgage Market Survey shows the 30-year fixed mortgage rate just hit its highest mark since December 2016.
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Black Knight names Anthony Jabbour CEO

Current CEO Tom Sanzone will become company’s vice chairman of the board
Black Knight, fresh off a fourth quarter that saw its year-over-year earnings increase by nearly $136 million, is about to have a new leader. In conjunction with announcing its fourth quarter earnings, Black Knight announced that it is naming Anthony Jabbour as the company’s new CEO.
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Black Knight nets $111M in profit on new tax code

"Another successful year for Black Knight"
Mortgage analytics and software provider Black Knight announced its results for both the fourth quarter of 2017 and for the full year. The company reports revenues for the fourth quarter of 2017 increased 2% to $267.5 million from $261.5 million in the prior year quarter.
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Walter Investment reveals new date for bankruptcy exit, name change

Currently expected to happen later this week
One week ago, Walter Investment Management Corp. disclosed that it would not be exiting bankruptcy on Jan. 31, 2018 as the company originally expected when its bankruptcy plan was approved by a federal court. Now, the company is providing more detail on when it now plans to exit bankruptcy.
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