The Lede
Top National News
‘Redlining’ Home Loan Discrimination Re-emerges as a Concern for Regulators
New York Times, Oct. 30, 2015--Swarns, Rachel
Outlawed decades ago, redlining has re-emerged as a serious concern among regulators as banks have sharply retreated from providing home loans to African-Americans in the wake of the financial crisis.
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Boomerang Buyers
Fox News, Oct. 30, 2015--Murad, Andrea
The housing crisis was seven years ago and if you had a foreclosure or short sale, enough time may have passed for you to be eligible to buy a home again. However, these boomerang buyers do need to be prepared.
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Ellie Mae Takes a Mulligan with Second CRM Acquisition
National Mortgage News, Oct. 30, 2015--Finkelstein, Brad
Ellie Mae hasn't been pleased with the customer-relationship management vendor it acquired in early 2014. Those disappointing results, along with the desire to offer clients more robust capabilities, prompted the mortgage software provider to acquire another CRM vendor, Mortgage Returns.
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Revised 2015 Origination Totals Equal Good News for Mortgage Lenders
HousingWire, Oct. 30, 2015--Swanson, Brena
While it may be small, the mortgage market is still showing subtle signs of strength, beating original expectations for the year, a new industry report from FBR & Co. said.
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Weak U.S. Data Clouds December Rate Hike Possibility
Reuters, Oct. 30, 2015--Mutikani, Lucia
U.S. consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty increases.
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Did the Sound and Fury of TRID Actually Amount to Nothing?
Housing Wire, Oct. 30, 2015--Lane, Ben
For all the sound and fury surrounding the implementation of the Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosures rule earlier this month, early indications are that TRID isn't actually going to have any impact on the lifeblood of the mortgage business--originations.
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More Bank of America Layoffs in N.C. as Mortgage Troubles Fade
Triad Business Journal (N.C.), Oct. 30, 2015--Burns, Hilary
Bank of America Corp. this week told about 100 Charlotte, N.C. employees they were being laid off, including some in the legacy asset servicing division.
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New York Real Estate is Nowhere Near a Bubble–It’s Actually Perfectly Priced
Quartz, Oct. 31, 2015--Karaian, Jason
It will surprise few that the property markets in London and Hong Kong look a bit bubbly. But get this-real estate in New York is "fairly valued," according to a new report.
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Mortgage Standards Are Not Loosening for Refi Market
HousingWire, Nov. 2, 2015--Swanson, Brena
A report from Black Knight Financial Services appears to show that the average credit score for refinance applications is loosening. However, with further investigation, the truth is that there is only a decrease in the number of high credit score borrowers since most of them likely already refinanced and taken advantage of the low interest rates.
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Bank of America Agrees to $335 Million Settlement in Mortgage Case
Phoenix Business Journal, Nov. 1, 2015--O'Grady, Patrick
Bank of America Corp. will pay $335 million in a settlement for a lawsuit that it misled investors regarding its mortgage-related activity.
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New York’s Tishman Family Turns to Real Estate Tech Startups
Wall Street Journal, Nov. 1, 2015--Grant, Peter
New York's Tishman family has been a major player for more than a century through the ups and downs of real estate. Now one of the family's main branches-the one that ran Tishman Realty & Construction for decades-also is getting a good feel for the ups and downs of real estate technology startups.
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Residential Finance News
Commercial/Multifamily News
MBA News
CREF ’16 Returns to Orlando Jan. 31-Feb. 3
Registration is now open for the Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo, Where Market Makers Meet, taking place Jan. 31-Feb. 3 at the Hyatt Regency Orlando.
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Save Time, Money with MBA Member Advantage Program
From express shipping to office supplies, the MBA Member Advantage Program can help you save time and money.
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Upcoming MBA Education School of Mortgage Banking Courses
For more than 60 years, industry professionals have looked to the Mortgage Bankers Association's School of Mortgage Banking to give them a solid foundation of industry knowledge.
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