The Lede
Top National News
GE Files to End Fed Oversight After Shrinking GE Capital
Wall Street Journal, Mar. 31, 2016--Mann, Ted
General Electric Co. formally asked to be released from supervision by the Federal Reserve on Thursday, saying it has sufficiently shrunk its once-massive financial services arm so it would no longer pose a systemic threat to the financial system.
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Mortgage Rates Flat this Week But May Be Heading Lower
Washington Post, Mar. 31, 2016--Orton, Kathy
Mortgage rates were essentially flat this week, according to the latest data released Thursday by Freddie Mac.
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AMI to CFPB: Don’t Ignore Investor Concerns, TRID Does Cause Issues
HousingWire, Mar. 31, 2016--Swanson, Brena
The initial shockwave from TRID is over, replacing beginning fears and worries with solid evidence of what the new rule is doing to the mortgage industry.
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Debt Markets: Choppy Trading Has No End in Sight
Wall Street Journal, Mar. 31, 2016--Zeng, Min
Bond investors are bracing for a turbulent second quarter as they struggle to reconcile surging U.S. employment with some of the lowest bond yields in years.
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Freddie Mac Predicts Robust Year in Housing
National Mortgage Professional, Mar. 31, 2016--Hall, Phil
Total home sales, housing starts, and house prices will reach their highest levels in a decade, according to Freddie Mac's newly released Outlook.
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Ginnie Mae to Test Pools of Loan Mods
National Mortgage News, Mar. 31, 2016--Sinnock, Bonnie
Ginnie Mae, the government agency that guarantees securitizations of Federal Housing Administration-insured loans is experimenting with a pool type that consists only of modifications and reperforming loans.
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C2C Title Services Acquired by ARMA Acquisition
HousingWire, Mar. 31, 2016--Lane, Ben
ARMA Acquisition, an international investment group managing a portfolio of complementary service providers to the financial services, real estate and legal services industries, announced the acquisition of C2C Title Services, a nationwide provider of title information products and related services to the mortgage, legal, financial and underwriter communities.
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How to Sell a $60 Million Penthouse: Don’t Try
Bloomberg, Mar. 31, 2016--Carmiel, Oshrat
There's nothing to stop developer Kevin Maloney from starting sales at 111 W. 57th St., the latest sky-high condo tower rising on midtown Manhattan's Billionaires' Row. He has the necessary legal approvals, and an office ready to welcome would-be buyers. But with luxury-home demand slowing and new condos piling up on the market, he's waiting about a year before trying to sell units at the project, where the price for a penthouse will approach $60 million.
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U.S. Jobs Market Firming, Manufacturing Regains Footing
Reuters, Mar. 31, 2016--Mutikani, Lucia
The number of Americans filing for unemployment benefits unexpectedly rose last week, but a sharp drop in layoffs in March suggested the labor market momentum remained intact.
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Credit Metrics Tick Higher in March
24/7 Wall Street, Mar. 31, 2016--Ogg, Jon C.
The National Association of Credit Management's Credit Managers' Index improved in March. Improvement was shown in most sectors, and the CMI favorable factors broke the 60 barrier for the first time since last July.
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Outsourcing: How to Manage Your Weakest Link
HousingWire, Apr. 1, 2016--Wheeler, Sarah
Unfortunately, as regulators take a harder look at third parties and their shortcomings, it often leads them straight back to the lenders and servicers who are supposed to be managing them. And with the financial penalties for third-party violations so significant, that's the last thing lenders and servicers need.
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5 Things to Watch in the March Jobs Report
Wall Street Journal, Mar. 31, 2016--Sussman, Anna Louie
The Labor Department releases its monthly picture of the U.S. job market Friday. Federal Reserve Chairwoman Janet Yellen has called job gains "solid," but remains concerned about impacts from overseas economies on parts of the U.S. economy like mining and manufacturing.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Commercial/Multifamily Servicing & Technology Conference May 22-25
The Mortgage Bankers Association's Commercial/Multifamily Servicing and Technology Conference takes place May 22-25 at the Sheraton Dallas.
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MBA Single-Family Rental Finance Workshop Apr. 7
The Mortgage Bankers Association's Single-Family Rental Finance Workshop takes place Thursday, April 7 in Washington, D.C.
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MBA Education HMDA Implementation Workshop Apr. 14
MBA Education presents its Home Mortgage Disclosure Act Implementation Workshop on Thursday, Apr. 14 at the Crystal Gateway Marriott in Arlington, Va., just outside Washington, D.C.
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MBA Education Residential Underwriting Basics Courses Apr. 5-26
MBA Education presents its popular four-part Residential Underwriting Basics Webinar series on April 5, 12, 19 and 26, online.
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