The Lede

Top National News

FHA Mortgage Insurance Boom in the Works?
HousingWire, Oct. 9, 2015--Swanson, Brena The Federal Housing Administration's share of purchase mortgage insurance steadily declined since 2010 until 2015, the latest chart in the Mortgage Bankers Association's chart series showed.
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Lacker Says Fed Taking Risks With Economy at Full Employment
Bloomberg, Oct. 9, 2015--Torres, Craig Federal Reserve Bank of Richmond President Jeffrey Lacker said the U.S. is already at full employment and the central bank may risk overheating the economy as it attempts to drive additional job gains.
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Why You Should Care that Private Investors Don’t Want to Buy Your Mortgage Anymore
Urban Institute, Oct. 9, 2015--Goodman, Laurie While the securitization of loans with government backing has remained strong or strengthened, the collapse of private-label securitization may have wide-reaching implications for the mortgage market. The disappearance of this market has affected the availability and cost of mortgages for one group of borrowers--those with less wealth and less than perfect credit who do not quality for government-backed loans.
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Consumers Improve Finances as Interest Rate Hike Looms
Arizona Republic, Oct. 10, 2015--Wiles, Russ The much-anticipated and long-delayed Federal Reserve hike in interest rates could slow the economy a bit when it finally comes. But Americans generally appear to be in better shape to handle higher borrowing costs than even a few years ago.
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New Rules To Make Mortgage Shopping Less Clunky
USA Today, Oct. 11, 2015--Tompor, Susan Shopping for a new home now? Or planning to go house hunting this spring? You'll want to pay attention to some new mortgage disclosures that rolled onto the scene.
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Soon You Can Insure Your Down Payment
Seattle Times, Oct. 10, 2015--Harney, Kenneth R. The basic idea is straightforward. For an upfront premium that under some circumstances could be part of the interest rate you pay on your mortgage, your down payment - all the way up to $200,000 - would be insured, with you as the beneficiary.
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Fed’s Fischer Says Economy May Merit Liftoff Later This Year
Bloomberg, Oct. 11, 2p015--Mayeda, Andrew; Condon, Christopher Federal Reserve Vice Chairman Stanley Fischer said the U.S. economy may be strong enough to merit an interest-rate increase by year end, while cautioning that policy makers are monitoring slower domestic job growth and international developments in deciding the precise timing of liftoff.
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Residential Finance News

Commercial/Multifamily News

MBA News

MBA 102nd Annual Convention Oct. 18-21 in San Diego
The Mortgage Bankers Association's 102nd Annual Convention & Expo is less than one week away, taking place Oct. 18-21 at the San Diego Convention Center.
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MBA Know Before You Owe Rule Q&A with TRID Experts Webinar Oct. 14
The Mortgage Bankers Association presents a webinar, Know Before You Owe Rule: Q&A with TRID Experts this Wednesday, October 14, from 3:00-4:30 p.m. ET.  
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