The Lede
Top National News
Worries About the Housing Market are Overblown
HousingWire, Oct. 29, 2015--Fratantoni, Mike
MBA chief economist said those looking for the next housing bubble need to study the current regulatory environment and household formation trends suggest such concerns are exaggerated.
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Mortgage Rates Largely Unchanged as Fed Stands Pat
Washington Post, Oct. 29, 2015--Orton, Kathy
Because expectations were that the Fed would not bump up the federal funds rate at this time, nothing caused home loan rates to be pushed or pulled significantly in either direction.
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Where Prices Start at $115 Million: Bel Air’s Trophy Home Boom
Wall Street Journal, Oct. 29, 2015--Jackson, Candace
The Park Bel Air, the 11-acre development currently under construction, has asking prices that start at $115 million-and go up to $150 million with upgrades and custom furnishings.
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AIG Investor Icahn Says Insurance Firm Should Break Up
National Mortgage News, Oct. 29, 2015--Heltman, John
A major investor in insurance giant American International Group is calling on the company to break itself up into three companies to get out from under its designation as one of only four systemically risky nonbanks.
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U.S. Jobless Claims Rise, Four-week Average Lowest Since 1973
Reuters, Oct. 29, 2015--Mutikani, Lucia
The number of Americans filing new applications for unemployment benefits rose marginally and the underlying trend continued to point to a fairly healthy labor market.
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Watch for These Six Things Ahead of the Fed’s December Meeting
Bloomberg, Oct. 29, 2015--Smialek, Jeanna
Here are the six things to watch ahead of the central bank's next gathering, which takes place Dec. 15-16 in Washington.
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Major Civil Rights Groups Join Push to Recapitalize Fannie Mae, Freddie Mac
Housing Wire, Oct. 29, 2015--Lane, Ben Several of the largest civil rights groups in the country are joining together to call on the federal government to end the conservatorship of Fannie Mae and Freddie Mac and recapitalize the agencies, stating that an independent and fully capitalized Fannie Mae and Freddie Mac can better serve the country's housing needs.
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Auction on Michael Jackson’s Neverland Ranch Brings No Bids
National Mortgage Professional, Oct. 29, 2015--Hall, Phil
One of the most famous foreclosed properties in California-Michael Jackson's Neverland Ranch-went up for auction on a Chinese Web site and nobody wanted it.
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Wells Fargo Risks Being Odd Man Out Under New Rule
Wall Street Journal, Oct. 29, 2015--Tracy, Ryan; Glazer, Emily
New rules to be proposed by the Federal Reserve on Friday likely will force the San Francisco bank-more than some of its rivals-to make significant changes to its balance sheet, even though Wells Fargo has fared better than competitors in earlier tests on safety and soundness.
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Senate Passes Two-Year Budget Deal
CNN, Oct. 30, 2015--Barrett, Ted
The Senate early Friday morning gave final approval to a large fiscal package that would prevent a U.S. default next week and lower the risk of a government shutdown in December.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education Clear-to-Close 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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