The Lede
Top National News
Weekly Mortgage Applications Drop 6.7% on Interest Rate Swings
CNBC, Sept. 30, 2015--Olick, Diana
Total mortgage application volume fell 6.7 percent on a seasonally adjusted basis for the week ending September 25 versus one week earlier, according to the Mortgage Bankers Association.
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What to Know About the New Mortgage Forms
Wall Street Journal, Sept. 30, 2015--Martin, Anya
Mortgage borrowers should find it easier to compare different loan products and understand the total cost of their loan under new rules that take effect Saturday.
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Plaza Hotel Sale: The Latest Twist in a Long, Strange Trip
Wall Street Journal, Sept. 29, 2015--Karmin, Craig; Das, Anupreeta
The Plaza Hotel-with its illustrious history and a roster of previous owners that includes Conrad Hilton and Donald Trump-is on the block again. This time, it isn't business as usual.
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Latest Housing Data Laced With Harsh Extremes
National Mortgage Professional, Sept. 30, 2015--Hall,Phil
What happens when you have too few potential homebuyers, too much regulatory burden and too many fast-growing markets in two states? You have the day's latest housing industry data.
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Repo Ruckus Strikes Again as Capital Rules Compound Bill Squeeze
Bloomberg, Sept. 30, 2015--McCormick, Liz
Regulatory pressure on banks is colliding with a squeeze in Treasury bills to roil the U.S. money markets as the third quarter draws to a close.
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U.S. Jobs Sector Gains, Midwest Manufacturing Stumbles
Reuters, Sept. 30, 2015--Leong, Richard
U.S. companies hired workers at a solid clip in September, but data showed factory activity in the U.S. Midwest contracted, muddying the economic picture for the Federal Reserve on whether to raise interest rates later this year.
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Congress Passes Bill to Fund Government Through Dec. 11
Wall Street Journal, Sept. 30, 2015--Peterson, Kristina; Timiraos, Nick
Congress on Wednesday avoided a government shutdown by passing a bill that keeps the government running through mid-December, but leaves unresolved a divide over federal spending that threatens to resurface this winter with more perilous economic consequences.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Releases New TILA/RESPA Integrated Disclosure Resource Guide
The Mortgage Bankers Association released a new TILA/RESPA Integrated Disclosure Resource Guide designed to assist lenders in complying with the TRID rule by Oct. 3.
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MBA Mortgage Action Alliance Quarterly Advocacy Update Today
The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, will hold a Quarterly Advocacy Update Webinar on today, Oct. 1 from 2:00-3:00 p.m. ET.
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