The Lede
Top National News
MGIC: Primary New Mortgage Insurance Falls to $3.5B
HousingWire, Nov. 9, 2015--Swanson, Brena
Primary new mortgage insurance once again dropped for the month and declined to $3.5 billion, according to MGIC Investment's October operational summery of its insurance subsidiaries for its primary mortgage insurance.
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Midwest States Reign in Mortgage Health Survey
National Mortgage Professional, Nov. 9, 2015--Hall, Phil
North Dakota has received much attention lately for its booming energy industry. But a new survey from the NerdWallet Web site gives North Dakota new attention as the state with the best mortgage health.
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Consumer Confidence Down in October: Fannie Mae
National Mortgage News, Nov. 9, 2015--Clozel, LalitaMixed views of the economy drove consumers' overall trust in the housing market down in October, according to Fannie Mae's Home Purchase Sentiment Index.
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PMI Competition About More Than New Pricing: Essent CEO
National Mortgage News, Nov. 9, 2015--Finkelstein, Brad
Amid an ongoing shift in pricing strategies in the private mortgage insurance market, Essent Group chairman and CEO Mark Casale is trying to show investors that aggressive pricing tactics aren't the only way PMI firms compete.
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Upbeat Rosengren Points to December Fed Rate Hike
Reuters, Nov. 9, 2015--Spicer, Jonathan
Another Federal Reserve official pointed to December as an appropriate time to begin raising U.S. interest rates, as Eric Rosengren said on Monday there has been "real improvement" in the economy of late with the October jobs report delivering "very good news."
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Wall Street Bankers to See Year-End Bonuses Drop for First Time Since 2011
The Guardian, Nov. 9, 2015--Neate, Rupert
Pity Wall Street's bankers. Their year-end bonuses are expected to fall by 5 to 10% this year - the first drop since 2011, according to a survey released on Monday.
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Calendar Won’t Disrupt the Fed…Here’s What Could
CNBC, Nov. 9, 2015--Cox, Jeff
If the Federal Reserve opts not to raise interest rates in December, it won't be over calendar or political concerns.
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Millennials Ditch Big Banks and Go Local With Their Money
Bloomberg, Nov. 10, 2015--Donaldson, Ali
Community banks won with younger customers last year, netting a 5 percent increase in account holders ages 18 to 34, while credit unions recorded a 3 percent gain, according to data compiled by Accenture Plc. By comparison, large national and regional banks struggled to retain millennial clients--losing 16 percent of them over the same period.
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Texas Mortgage Settlement Millions Misspent, Critics Say
WFAA-TV (Dallas), Nov. 9, 2015--Shipp, Brett
Texas got a financial windfall from the National Mortgage Settlement. None has been spent to help struggling homeowners, however.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA National Mortgage Servicing Conference & Expo Feb. 16-19
The Mortgage Bankers Association's National Mortgage Servicing Conference & Expo 2016 takes place Feb. 16-19 at the Hyatt Regency Orlando.
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MBA Education Close More Loans…Faster Webinar Dec. 15
MBA Education presents a webinar, Clear-to-Close...With Less Touches, on Tuesday, Dec. 15 from 2:00-3:30 p.m. ET.
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