New Mortgage Docs are Actually Being Read

Bankrate.com, May 18, 2016–Lewis, Holden
More mortgage borrowers are reviewing their loan disclosures before they close on their homes, according to a survey conducted by the lobbying group for the title insurance industry.

SunTrust Completes 69% of National Mortgage Settlement

HousingWire, May 19, 2016–Ramirez, Kelsey
Nearly all mortgage servicers subject to the terms of the National Mortgage Settlement achieved complete compliance with the NMS’s servicing rules in the first half of 2015, according to a report from molnitor Joseph Smith.

Population Surge in Cities Eases as Jobs Shift and Suburbs Call

Wall Street Journal, May 19, 2016–Adamy, Janet; Overberg, Paul
Big cities across the U.S. are seeing their postrecession population surge slow as Americans uproot for new jobs and suburbs regain some of their appeal, the Census Bureau reported.

FHA Proposes New Rule to Strengthen HECM Program

National Mortgage Professional, May 18, 2016–Hall, Phil
The Federal Housing Administration is proposing a new rule that it claims will strengthen its Home Equity Conversion Mortgage program.

Trump’s Dodd-Frank Plan Will Be Early Test of Republican Unity

Bloomberg, May 19, 2016–House, Billy; Cirilli, Kevin
Donald Trump says he’ll deliver a plan in the next two weeks to rewrite the Dodd-Frank law. Around the same time, House Financial Services Chairman Jeb Hensarling is promising to make his own proposal.

Here’s Why Freddie Mac Says the Mortgage Credit Box is So Tight

Housing Wire, May 17, 2016–Swanson, Brena 
As the spring home-buying season struggles to lift off, people point to tight credit as one reason, with Freddie Mac Vice President of Affordable Lending and Access to Credit Danny Gardner weighing in on the discussion at the Mortgage Bankers Association Secondary Conference in New York City.

U.S. April CPI Rose At Fastest Pace In 3 Years

Dow Jones Business News, May 17, 2016–Leubsdorf, Ben
U.S. consumer prices jumped in April at the fastest pace in more than three years, propelled by rising gasoline prices, as underlying inflationary pressures continued to firm.

U.S. Housing Starts, Building Permits Increased in April

Reuters, May 17, 2016
U.S. housing starts rose more than expected in April as builders ramped up the construction of single and multifamily homes, supporting views that the economy was regaining steam early in the second quarter.