The Lede
Top National News
Mortgage Rates Hold Steady
Washington Post, Oct. 1, 2015--Orton, KathyA government shutdown was averted. The Federal Reserve stood pat on interest rates. The two events expected to rock the mortgage market never came to fruition. As a result, home loan rates barely budged this week, Freddie Mac reported.
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Homeowners are Cashing in on Equity Boom
Chicago Tribune, oct. 1, 2015--Harney, KennethAmericans are tapping into their home equity at a pace not seen since the housing bubble aftermath nearly a decade ago, but here's a key question: Is all this borrowing getting a little too frothy?
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Senator Elizabeth Warren to Join Call to Alter Sales of Distressed Loans
New York Times, Oct. 1, 2015--Goldstein, MatthewHousing advocates have attracted a prominent ally in their push to change the federal government's policy of selling distressed mortgages at a discount to private equity firms and hedge funds: Sen. Elizabeth Warren.
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U.S. Jobless Claims Rise Modestly, Still Point to Firming Labor Market
Bloomberg, Oct. 1, 2015--Lange, JasonThe pace of growth at U.S. factories slowed in September, a sign that the chill falling over the global economy could complicate the Federal Reserve's plans to raise interest rates.
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ISM Manufacturing Index Falls to Lowest Level Since May 2013
Wall Street Journal, Oct. 1, 2015--Sparshott, JeffreyU.S. manufacturers expanded at the slowest pace in more than two years in September, according to a survey released Thursday by the Institute for Supply Management, a sign of tepid growth in a sector hampered by a stronger dollar and weak overseas demand.
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Manhattan Apartments Selling at Record Pace and Price
Crain's New York Business, Oct. 1, 2015--Anuta, Joe Over the past three months, Manhattan homes flew off the shelves at a record pace and price. Listings sold in 73 days, roughly half of the past decade's average.
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5 Things to Watch in the September Jobs Report
Wall Street Journal, Oct. 1, 2015--Mitchell, Josh
The September jobs report will show the U.S. economy's resilience in the face of stock-market turmoil and economic troubles abroad.
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Lenders Must Make ‘Good Faith’ Effort on Mortgage Disclosures: Regulators
National Mortgage News, Oct. 1, 2015--Collins, Brian
Federal examiners will expect institutions to show that they made a "good faith" effort in preparing for the implementation of the new integrated mortgage disclosures that go into effect on Oct. 3, regulators said in letters sent to industry groups on Thursday.
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Bills to Reform CFPB, Relieve Regulations Go to House Floor
HousingWire, Oct. 1, 2015--Garrison, Trey
The House Financial Services Committee approved several bipartisan bills they say are designed to potentially protect consumers, reform the Consumer Financial Protection Bureau and cut regulations.
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House to Vote on Making TRID Grace Period Official Through end of 2015
HousingWire, Oct. 1, 2015--Garrison, Trey
Just days after the new TILA-RESPA Integrated Disclosure rule goes into effect on Oct. 3, the House will have a vote on a bill that would formalize the Consumer Financial Protection Bureau's hold harmless grace period.
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The Only Banker Sued for the Housing Crisis Prepares Her Appeal
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.
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Residential Finance News
Commercial/Multifamily News
MBA News
Grammy Winner Sheryl Crow Highlights Concert MBA at 102nd Annual Convention & Expo
Nine-time Grammy Award-winning singer and songwriter Sheryl Crow highlights Concert MBA at the Mortgage Bankers Association's 102nd Annual Convention & Expo, Oct. 19-22 in San Diego.
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MBA Education Offers Chartered Realty Investor Designation
MBA Education now offers the Chartered Realty Investor (CRI) designation to eligible applicants.
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MBA Education Presents Mortgage Banking Bound–Careers in Mortgage Lending
MBA Education presents Mortgage Banking Bound--Careers in Mortgage Lending, with upcoming courses this fall.
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