The Lede
Top National News
Quicken Joins Freddie Mac to Offer Loans While Battling U.S.
Bloomberg,Oct. 19, 2015--Hopkins, Cheyenne
Quicken Loans Inc., the biggest U.S. online mortgage lender, is partnering with Freddie Mac to boost business among first-time and middle-income borrowers as it battles allegations over its past underwriting practices on Federal Housing Administration-backed mortgages.
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Green Financing Has Hobbled Home Sales in California
Reuters, Oct. 19, 2015--Groom, Nichola
An innovative, government-sponsored program aimed at funding energy-saving home improvements has drawn praise from powerful supporters, including President Obama. But complaints from a growing number of homeowners, lenders and realtors in California suggest the financing is making homes more difficult to sell and disrupting the mortgage market.
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Homebuilder Confidence Reaches Decade High on U.S. Sales Outlook
Bloomberg, Oct. 19, 2015--Stilwell, Victoria
The National Association of Home Builders/Wells Fargo sentiment gauge increased to 64 this month, the highest since October 2005, from 61 in September.
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Morgan Stanley Logs Big Miss as Trading Revenue Drops 15%
Wall Street Journal, Oct. 19, 2015--Rudegeair, Peter; Baer, Justin
Morgan Stanley 's bid to make its earnings less prone to market swings sputtered in the third quarter after drops in the trading and private-equity businesses led the New York firm to miss analysts' estimates.
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Residential Finance News
Commercial/Multifamily News
MBA News
Tomorrow at the MBA 102nd Annual Convention & Expo
SAN DIEGO--The Mortgage Bankers Association's 102nd Annual Convention & Expo continues tomorrow with a full slate of events.
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MBA Announces New Members of Board of Directors
SAN DIEGO--The Mortgage Bankers Association announced its new Board of Directors for 2016.
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MBA Announces New Members of Residential Board of Governors
SAN DIEGO--The Mortgage Bankers Association announced new and returning members of its Residential Board of Governors.
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