The Lede
Top National News
U.S. Commercial, Multifamily Mortgage Originations Up 12% Annually in Q3
World Property Journal, Nov. 10, 2015--Gerrity, Michael
Based on the Mortgage Bankers Association's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, third quarter commercial and multifamily mortgage loan originations were 12 percent higher than during the same period last year and three percent higher than the second quarter.
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Foreclosure Inventory Shrinks, Rental Market Surges
National Mortgage Professional, Nov. 10, 2015--Hall, Phil
The U.S. foreclosure inventory in September witnessed a 24.3 percent year-over-year decline, while the number of completed foreclosures declined by 17.6 percent compared with September 2014, according to new data from CoreLogic.
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Multifamily Lending Starting to Level Off
National Real Estate Investor, Nov. 10, 2015--Anderson, BendixLenders will keep pouring money into apartment properties over the next two years, originating about the same volume of loans in 2016 and 2017 that they are likely to close in 2015, according to the latest Commercial/Multifamily Real Estate Finance Forecast from the Mortgage Bankers Association.
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New Bill Would Prevent NYC Landlords From Checking Credit Scores and Debts of Would-Be Tenants
New York Daily News, Nov. 10, 2015--Durkin, ErinLandlords would be banned from checking credit scores to decide whether to rent to would-be tenants under a new bill introduced in the City Council.
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Getting a Mortgage: Lousy Experience for Customers
Gallup Business Journal, Nov. 10, 2015--Williams, Sean
Getting a mortgage is often a stressful and unhappy experience for customers.
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Neel Kashkari Named New Minneapolis Fed President
Wall Street Journal, Nov. 10, 2015--Derby, Michael S.
The Federal Reserve Bank of Minneapolis named former banker, government official and unsuccessful California gubernatorial candidate Neel Kashkari to become its new president and chief executive officer.
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McDonald’s Won’t Spin Off Real Estate Holdings
Wall Street Journal, Nov. 10, 2015--Jargon, Julie
McDonald's Corp. won't spin off its vast U.S. real estate holdings, as some investors had pushed it to do, Chief Executive Steve Easterbrook said.
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Why Fears of a Commercial Real Estate Bubble Are Overblown
National Mortgage News, Nov. 10, 2015--Cumming, Chris
Commercial real estate lending has come roaring back, but don't draw comparisons yet to the reckless pre-crisis years.
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U.S. Data Show Benign Inflation, Steady Growth Pace
Reuters, Nov. 10, 2015--Mutikani, Lucia
U.S. import prices fell in October as the cost of petroleum and a range of goods declined, indicating that a strong dollar and soft global demand continued to exert downward pressure on imported inflation.
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Mortgage Applications Fall 1.3% Amid Sharp Jump in Rates
CNBC, Nov. 11, 2015--Olick, Diana
Total application volume fell 1.3 percent on a seasonally adjusted basis last week from the previous week, according to the Mortgage Bankers Association.
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Mortgage Borrowers, Don’t Fear a Fed Rate Hike
CBS MoneyWatch, Nov. 11, 2015--Light, Larry
It may seem counterintuitive, but when the Federal Reserve finally gets around to raising interest rates, the impact on mortgage rates should be negligible. After all, the last time the Fed was hiking, from mid-2004 to mid-2006, mortgage rates rose only a small amount, half a percentage point.
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Carl Icahn Looking to Sell the Fontainebleau Las Vegas
Wall Street Journal, Nov. 11, 2015--Karmin, Craig; O'Keefe, Kate
Billionaire investor Carl Icahn, who has made successful bets on casinos in recent years, is taking some chips off the table by putting up for sale the Fontainebleau Las Vegas on the Strip.
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FHLB Members Signing Up for Jumbo Loan Program
National Mortgage News, Nov. 11, 2015--Collins, Brian
Four Federal Home Loan Banks have recruited 74 members to participate in their new Mortgage Partnership Finance jumbo loan program.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Accounting/Financial Management Conference Nov. 18-20
The Mortgage Bankers Association's Accounting and Financial Management Conference takes place Nov. 18-20 at The Roosevelt in New Orleans.
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