Category: Top National News

Bloomberg, Oct. 2, 2015–Perlberg, Heather
Rebecca Mairone scarcely deserves a mention in the annals of finance, except for this: She’s the only executive of a major U.S. mortgage lender found liable for her part in the 2008 financial crisis.

CNBC, Sept. 30, 2015–Olick, Diana
Total mortgage application volume fell 6.7 percent on a seasonally adjusted basis for the week ending September 25 versus one week earlier, according to the Mortgage Bankers Association.

Wall Street Journal, Sept. 30, 2015–Martin, Anya
Mortgage borrowers should find it easier to compare different loan products and understand the total cost of their loan under new rules that take effect Saturday.

Wall Street Journal, Sept. 29, 2015–Karmin, Craig; Das, Anupreeta
The Plaza Hotel-with its illustrious history and a roster of previous owners that includes Conrad Hilton and Donald Trump-is on the block again. This time, it isn’t business as usual.

National Mortgage Professional, Sept. 30, 2015–Hall,Phil
What happens when you have too few potential homebuyers, too much regulatory burden and too many fast-growing markets in two states? You have the day’s latest housing industry data.

Bloomberg, Sept. 30, 2015–McCormick, Liz
Regulatory pressure on banks is colliding with a squeeze in Treasury bills to roil the U.S. money markets as the third quarter draws to a close.

Reuters, Sept. 30, 2015–Leong, Richard
U.S. companies hired workers at a solid clip in September, but data showed factory activity in the U.S. Midwest contracted, muddying the economic picture for the Federal Reserve on whether to raise interest rates later this year.

Wall Street Journal, Sept. 30, 2015–Peterson, Kristina; Timiraos, Nick
Congress on Wednesday avoided a government shutdown by passing a bill that keeps the government running through mid-December, but leaves unresolved a divide over federal spending that threatens to resurface this winter with more perilous economic consequences.

Reuters, Sept. 29, 2015–Spicer, Jonathan The Federal Reserve delayed an interest rate hike this month as a “risk management” measure in the face of global growth concerns and financial market volatility, Cleveland Fed President Loretta Mester said Tuesday.

Wall Street Journal, Sept. 29, 2015–Light, Joe
Mortgage lenders and real-estate agents are bracing for the Oct. 3 implementation of a five-year-old law that has forced them to overhaul the way they process sales. Lenders have spent billions of dollars in technology-system changes and training to get ready for the changeover, said David Stevens, president of the Mortgage Bankers Association.