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SILICON VALLEY BUSINESS JOURNAL

SummerHill Homes Lands Los Gatos Nuns' Tract

Silicon Valley Business Journal staffer Nathan Donato-Weinstein reports that the Sisters of the Holy Names have sold the roughly 10-acre Los Gatos, Calif., site to local home builder SummerHill Homes. The company plans to build 17 homes there at prices starting at $3.5 million.

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WALL STREET JOURNAL

Vet Centric: Military to Get Home Loan Backing

Wall Street Journal staffer Nick Timiraos reports that the White House announced a new partnership Tuesday with five large banks and mortgage companies that is designed to make it easier for members of the military to lower their mortgage payments when they're called to active duty (paywall).

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WALL STREET JOURNAL

Private Insurance Fee Proposal Could Raise Mortgage Costs

Wall Street Journal staffer Joe Light reports that proposed requirements for an obscure, but widely used, corner of the mortgage market would protect Fannie Mae and Freddie Mac from another financial crisis but could end up raising mortgage costs for thousands of borrowers, according to a report by Moody's Analytics released Tuesday (paywall).

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