The Lede

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Mortgage Rates Spike to Near-Yearly Highs Following Trump Victory
Washington Post, Nov. 17, 2016--Orton, Kathy The sharpest mortgage-rate spike of the year came after Donald Trump's win. "Investor expectations of faster growth and higher inflation are driving the jump up in rates," said Mortgage Bankers Association President and CEO David Stevens, CMB.
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Brooklyn Barclays Center Tower Joins Rental Party–Just as It’s Ending
Bloomerg, Nov. 17, 2016--Carmiel, Oshrat The first apartment tower at Forest City Ratner Cos.'s mega-development in Brooklyn will open for leasing this month, just as the borough's run-up in rents begins to cool.
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Experts: Mortgage Tech Regulatory Limits Leave Industry Between Rock and Hard Place
GoRion, Nov. 17, 2016--Wisniowski, Charles Mortgage tech innovators struggle to keep up in some critical real estate finance areas--notably appraisals and compliance--leaving the industry exposed between a costly rock and a regulatory hard place, experts say.
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Stress Test Indicates Canada Housing Prices Could Drop Precipitously
Wall Street Journal, Nov. 17, 2016--Mackrael, Kim  A severe and prolonged economic depression could result in a 25 percent decline in Canadian house prices by 2021, Canada's national housing agency said.
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Hot or Not?: The Housing Market Has People Holding Their Breath
Salon, Nov. 17, 2016--Young, Angelo U.S. home sales were slowing even before Donald Trump emerged as the next president. Now in the wake of Trump's surprise victory, mortgage rates are rising fast.
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Yellen: Too Soon to Predict Economic Effects of Election
New York Times, Nov. 17, 2016--Applebaum, Binyamin Federal Reserve Chair Janet Yellen said Thursday that it is too soon to predict the likely economic impact of Donald Trump's election as the next president of the United States.
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Fed’s Kashkari Unveils Plan to End Threat of Banks ‘Too Big to Fail’
Reuters, Nov. 17, 2016 Minneapolis Federal Reserve Bank president Neel Kashkari unveiled a plan to end systemic risk posed by U.S. banks by forcing them to hold a massive amount of capital--as much as 38 percent.
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Mortgage Acquisition Followed by Hirings
Mortgage Daily, Nov. 17, 2016 A deal announced earlier this month to acquire Prospect Mortgage LLC has been followed by the hiring of nearly two dozen loan originators.
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It’s a Beautiful Day in Housing
National Mortgage Professional, Nov. 17, 2016--Hall, Phil HUD, the Census Bureau and Freddie Mac report solid housing data for October.
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Troubled FHA Reverse Mortgage Program May Prevent More Premium Cuts
National Mortgage News, Nov. 17, 2016--Collins, Brian The Home Equity Conversion Program experienced a huge swing in its net worth during the fiscal 2016 year, plummeting from a value of $6.8 billion in fiscal 2015 to negative $7.7 billion.
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Yellen Vows to Serve Out Term as Fed Chair
National Mortgage News, Nov. 17, 2016--Heltman, John Federal Reserve Chair Janet Yellen has promised to serve out her term heading the central bank until it expires in 2018, ending speculation that she could resign earlier and give President-elect Donald Trump another important appointment to make when he assumes office in January.
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Here’s the Updated CFPB List for Rural and Underserved Counties in 2017
HousingWire, Nov. 17, 2016--Swanson, Brena The Consumer Financial Protection Bureau released the official "rural or underserved" and "rural" counties lists for the industry to go off of in 2017.
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U.S. Consumer Prices Rose in October
Wall Street Journal, Nov. 17, 2016--Morath, Eric U.S. consumer-price gains accelerated in October for the third-straight month largely due to rising energy costs, the latest sign inflation pressures in the economy are firming.
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The Glory Days of Elizabeth Warren’s CFPB Are Numbered
Bloomberg, Nov. 17, 2016--Woolley, Suzanne; Dexheimer, Elizabeth; Stein, Charles The president-elect has said he plans to dismantle the Dodd-Frank Act. He hasn't discussed specific plans for the CFPB. With current filibuster rules, Congress likely can't change the agency without the votes of some Senate Democrats.
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3-Year High for GSE Refinances
Mortgage Daily, Nov. 17, 2016 An analysis of quarterly data by the Federal Housing Finance Agency indicates 250,534 Fannie Mae and Freddie Mac refinances in September. 
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Mortgage Rates Skyrocket, Could Go Higher
Mortgage Daily, Nov. 17, 2016--Garcia, Sam Mortgage rates shot up to the highest level since the first week of the year thanks to the election, and a further increase could lie ahead in the next week.
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MBA Education School of Loan Origination Nov. 29-Dec. 22
Four-Week Instructor-Guided Online Course
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