The Lede

Top National News

Mortgage Applications Drop 3.3% on Fewer Refinances
CNBC, Mar. 16, 2016--Olick, Diana Total mortgage application volume fell 3.3 percent on a seasonally adjusted basis for the week from the previous week, according to the Mortgage Bankers Association.
Full Story
Housing Starts Up, Mortgage Apps Down
National Mortgage Professional, Mar. 16, 2016--Hall, Phil Single-family housing starts in February were at a rate of 822,000, a 7.2 percent increase from the revised January figure of 767,000, according to data released this morning by the U.S. Census Bureau and HUD.
Full Story
First-Time Homebuyers Lose Out During the Busy U.S. Homebuying Season
HousingWire, Mar. 16, 2016--Barraza, Cynthia Many house hunters are facing difficulty in purchasing a home by the lack in homes being built as well as facing limited inventory and finding a home in in-demand cities.
Full Story
It Might Be a Little Easier to Obtain a Mortgage
Consumer Affairs, Mar. 16, 2016--Huffman, Mark On Tuesday the Federal Housing Administration proposed new certifications that both lenders and consumer advocates suggest might help more people qualify for a mortgage.
Full Story
Fed Leaves Interest Rates Unchanged, Lowers Outlook for Further Increases
Wall Street Journal, Mar. 16, 2016--Hilsenrath, Jon; Torry, Harriet Federal Reserve officials reduced estimates of how much they expect to raise short-term interest rates in 2016 and beyond, nodding to lingering risks to the economic outlook posed by soft global growth and financial-market volatility.
Full Story
Why Homeowners Need Representation
National Mortgage Professional, Mar. 16, 2016--Lykken, David We need to be held to a higher standard if we want to survive and thrive in a tough economy. The better represented consumers are, the more prosperous they will be. And, as consumers become more prosperous, so can the mortgage industry.
Full Story
CFPB Director Cordray: Credit Unions Misrepresent Mortgage Success
HousingWire, Mar. 16, 2016--Gaffney, Jacob Consumer Financial Protection Bureau Director Richard Cordray, appearing before the House Financial Services Committee, said consumer complaints against mortgage lenders and servicers are nearly at a half million.
Full Story
U.S. Data Points to Firming Economy, Inflation
Reuters, Mar. 16, 2016--Mutikani, Lucia Underlying U.S. inflation increased more than expected in February as rents and medical costs maintained their upward trend, which could keep the Federal Reserve on course to gradually raise interest rates this year.
Full Story

Residential Finance News

Commercial/Multifamily News

MBA News

Upcoming MBA Education School of Mortgage Banking Courses
For more than 60 years, industry professionals have looked to the Mortgage Bankers Association's School of Mortgage Banking to give them a solid foundation of industry knowledge.
Full Story