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Top National News

Housing: Crackdown Coming on Realty Referral Deals
Arizona Daily Star, Oct. 23, 2015--Harney, Kenneth R. The federal government's top consumer protection agency says too many customer referral games being played by some real estate brokers, mortgage lenders and title companies are illegal, and it plans to crack down on them.
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Multifamily Lending in U.S. Jumped 13 Percent in 2014
World Property Journal, Oct. 23, 2015 According to the Mortgage Bankers Association 2014 Report on Multifamily Lending, 2,876 different multifamily lenders that provided $195.1 billion in new mortgages for apartment buildings with five or more units.
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TRID Mortgage Applications Surge Amounted to Empty Calories
HousingWire, Oct. 23, 2015--Garrison, Trey It looks like the big surge of mortgage applications before the enactment of the TILA-RESPA Integrated Disclosure act was all sound and fury, amounting to nothing.
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Pressure Mounts on FHA to Relax Condo Rules
National Mortgage News, Oct. 23, 2015--Collins, Brian Lawmakers and housing groups are urging the Federal Housing Administration to relax its condominium regulations to help open up homeownership opportunities for first-time buyers and urban families.
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A Focus on Credit History for Mortgage Approvals
New York Times, Oct. 23, 2015--Prevost, Lisa Fannie Mae announced on Monday that it would soon start taking a longer view of consumer credit histories when evaluating mortgage applications, a change that could help some borrowers and hurt others.
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Cash Sale Volume Continues to Fall
National Mortgage Professional, Oct. 23, 2015--Hall, Phil Fewer people continue to rely on cash sales for their residential property purchasing, according to new data released by CoreLogic.l
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HMDA Redux Is an Invasion of Borrower’s Privacy, Lenders Say
National Mortgage News, Oct. 23, 2015--Berry, Kate The CFPB's expanded data requirements for the Home Mortgage Disclosure Act will create a powerful tool for analyzing fair lending compliance. But some say the initiative is a massive overreach that could compromise borrower privacy.
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New York City Lender Astoria Financial Said to Explore Sale
Bloomberg, Oct. 23, 2015--Monks, Matthew Astoria Financial Corp., a New York City-area thrift under pressure from activist investor Basswood Capital Management LLC to boost the share price, is exploring a sale, according to people familiar with the matter. The stock climbed as much as 6.2 percent.
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Lawmakers Introduce Bill to Block FHLB Membership Rule
National Mortgage News, Oct. 23, 2015--Collins, Brian Legislation would require GAO to study the impact the Federal Housing Finance Agency membership rule would have on the Federal Home Loan Bank System and its members.
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Why Pricier Mortgages Shouln’t Spook Housing
OC Register (Calif.), Oct. 25, 2015--Lasner, Jonathan As home selling once again takes its seasonal pause, an eerie pall haunts the real estate community: The specter of higher mortgage rates.
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Betting Against a Fed Rate Rise
Wall Street Journal, Oct. 25, 2015--Zeng, Min The global economy's troubles are casting a long shadow over this week's Federal Reserve meeting.
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PACE Loans Interfere With Home Sales
Green Building Elements, Oct. 25, 2015--Hanley, Stephen Because the PACE loan is included in the taxes on the property, it has priority over the first mortgage in the event of default. "There is a general principle in mortgage banking: first in time, first in line," said Pete Mills, senior vice president with the Washington-based Mortgage Bankers Association. "Taxing authorities are always a risk of jumping ahead, but that's a far different matter than a private company selling energy improvements being able to jump ahead."
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