The Lede
Top National News
Mortgage Rates Stall at Yearly Lows As Summer Winds Down
Washington Post, Aug. 25, 2016--Orton, Kathy
MBA Vice President Lynn Fisher said mortgage market activity was little changed in the past week.
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Key Mortgage Rate Holds Below 3.50% for the Longest Stretch in Nearly Four Years
MarketWatch, Aug. 25, 2016--Riquier, Andrea
Affordablility constraints continue to ease.
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Why You Aren’t Just Imagining How Hard You’re Working to Own a Home in D.C.
Washington Post, Aug. 24, 2016--Lerner, Michele
GoBankingRates.com study showed District residents came in second, right behind residents of Hawaii, for the number of hours worked.
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S. Jersey-Based PHH Loses 30% of Mortgage Subservicing Business
Philadelphia Business Journal, Apr. 25, 2016--Blumenthal, Jeff
HSBC said it will sell 139,000 to a buyer that does not intend to retain it as a subservicer.
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Laid-Off American Workers Are Having Better Luck Finding New Jobs
Wall Street Journal, Aug. 25, 2016--Leubsdorf, Ben
Two-thirds of long-tenured U.S. workers laid off in 2013-15 had new jobs in early 2016.
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U.S. Durable-Goods Orders Rebounded in July, Jumping 4.4%
Wall Street Journal, Aug. 25, 2016--Sussman, Anna Louise
Commerce Department index bounces back from a downwardly revised 4.2% decline in June,
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FHFA Previews New High LTV Refi Offering
National Mortgage Professional, Aug. 25, 2016--Hall, PhilOffering more targeted than HARP.
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Lenders Caught in Crossfire Between HUD and Its Watchdog
National Mortgage News, Aug. 25, 2016--Collins, Brian
Long-running dispute beginning to have impact on lenders.
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Credit Bureaus Are Making Lenders Buy Trended Data They Don’t Need
National Mortgage News, Aug. 25, 2016--Sinnock, Bonnie
The new, expensive reports aren't being used by mortgage investors.
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CoreLogic: Cash Sales Make Up 30% of Home Sales in May
HousingWire, Aug. 25, 2016--Ramirez, Kelsey
Down 2.5% from a year ago.
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Upbeat U.S. Factory Data Suggests Business Spending Stabilizing
Reuters, Aug. 25, 2016--Mutikani, Lucia
New orders rose for second straight month in July.
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Jobless Claims in U.S. Decline to Lowest Level in Five Weeks
Bloomberg, Aug. 25, 2016--Laya, Patricia
Fall by 1,000 to 261,000 for week ending Aug. 20.
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Nationstar Adding Hundreds of East Texas Jobs
Mortgage Daily, Aug. 25, 2016
New call center in Longview will open next year, add 600 jobs.
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Insurance Concerns: Half the Flooded East Baton Rouge Homes Not in ‘High-Risk’ Areas
The Advocate (Baton Rouge, La.), Aug. 25, 2016--Hardy, Steve
Officials estimate 27,500 flood-damaged homes were not required to have flood insurance.
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Pre-Crisis Mortgage Bonds Still Haunting Investors
Reuters, Aug. 25, 2016--Wiltermuth, Joy
Broken promises and a mountain of debt still punishes many commercial mortgage-backed securities investors a decade later.
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Ocwen Reaches Offshore Mortgage Servicing Settlement
DS News, Aug. 25, 2016--Baer, Kendall
Washington state agency settles with Ocwen over use of offshore unlicensed affiliate companies for mortgage servicing.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Human Resources Symposium Sept. 13-14
Learn Latest in H.R. Compensation, Trends, Practices
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Captains Mark, Scott Kelly Keynote MBA Annual Convention & Expo
Annual Convention Returns to Boston Oct. 23-26
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Subscribe to MBA Performance Reports
Do you know where you stand? The Mortgage Bankers Association's Performance Reports can tell you.
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