The Lede
Top National News
Mortgage Applications Fall 4.1% as Homebuyers Pull Back
CNBC, Oct. 26, 2016--Olick, Diana
Homebuyers were not enticed by lower mortgage rates last week. Total mortgage application volume fell 4.1 percent seasonally adjusted for the week ending October 21st, the Mortgage Bankers Association reported.
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Sales of New U.S. Homes Remain Close to an Almost Nine-Year High
Bloomberg, Oct. 26, 2016--Jamrisko, Michelle
Purchases of new U.S. homes in September stayed close to an almost nine-year high, showing residential real estate was maintaining momentum heading into the quieter selling season.
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2017 Fannie Mae Outlook
Affordable Housing Finance, Oct. 26, 2016--Kimura, Donna
Fannie Mae Multifamily Mortgage Vice President Bob Simpson discusses what the government-sponsored enterprise has in store.
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Purchase App Activity at Lowest Point Since January: MBA
National Mortgage News, Oct. 26, 2016--McCullom, Glenn
Purchase activity fell at its lowest point since January, the Mortgage Bankers Association reported.
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Bye-Bye Regulation, The Mortgage Industry Found a New Focus: Technology Innovation
HousingWire, Oct. 26, 2016--Ramirez, Kelsey
There was a clear difference in the atmosphere at the Mortgage Bankers Association's annual convention and expo in Boston this year. A positive difference.
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Lawyer Dozing Off in Court Could Result in New Trial in South Hills Mortgage Fraud Case
Pittsburgh Post-Gazette, Oct. 26, 2016--Ove, Torsten
The convicted target of one of the largest mortgage fraud investigations in the region likely will get a new trial because his lawyer nodded off a few times during his recent trial in U.S. District Court.
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Deutsche Bank Swings to Profit
Wall Street Journal, Oct. 27, 2016--Strasburg, Jenny
German lender's restructuring, litigation costs for third quarter were lower than expected.
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Arch’s 3Q Mortgage Insurance Income Rises 119%
National Mortgage News, Oct. 26, 2016--Finkelstein, Brad
Arch Capital Group's mortgage insurance business had underwriting income of $37.4 million in the third quarter, an increase of 119% compared with the $17.1 million earned one year prior.
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Industry Experts Reveal Details of HAMP Replacement Program
HousingWire, Oct. 26, 2016--Ramirez, Kelsey
The Mortgage Bankers Association revealed its new program proposal at the end of September. While the Federal Housing Finance Agency already created a new program to replace the Home Affordable Refinance Program, nothing is in place to take over for HAMP.
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Look Out Housing, Millennials are About to Take Over
HousingWire, Oct. 26, 2016--Ramirez, Kelsey
It's just a matter of time, according to new First American data.
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Treasury Selloff Is About to End If Consensus Forecast Is Right
Bloomberg, Oct. 26, 2016--Debnath, Anooja; Goodman, Wes
A second-half selloff in the world's biggest bond market is coming to an end, judging by the forecasts from 65 economists.
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Ocwen’s Earnings, Mortgage Originations Improve
Mortgage Daily, Oct. 26, 2016
The last time Ocwen earned a profit was in the second-quarter 2015.
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U.S. Credit Unions Expect to Expand with Regulatory Vote this Week
Reuters, Oct. 26, 2016--Rucker, Patrick
Credit unions will be able to more easily expand into markets dominated by banks after a reform vote on Thursday, industry officials say, as regulators clear the way for the not-for-profits lenders.
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FHA Easing Condo Owner Occupancy Requirement
Mortgage Daily, Oct. 26, 2016
Just a month after proposing to relax rules on condominium loans, the Federal Housing Administration has loosened owner-occupancy requirements.
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Europe’s Banking Woes Impacting Mortgage Rates at Home
GoRion, Oct. 25, 2016--Bourgi, Sam
Europe's escalating bank crisis is roiling the U.S. bond markets, which is influencing everything from yields to mortgage rates.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Compliance Essentials: Social Media & Digital Advertising Resource Guide
Addresses Challenges Posed by Digital Marketing, Advertising
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