The Lede

Top National News

No Longer a Niche, Consumer-Direct Lenders Lead Mortgage Innovation
National Mortgage News, Oct. 26, 2015--Huseman, Jessica Quicken Loans CEO Bill Emerson's term as chairman of the Mortgage Bankers Association underscores how the consumer-direct mortgage channel has grown from a quirky novelty to the force leading a technology revolution.
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Mortgage Relief, Ed Sheeran-Style
National Mortgage Professional, Oct. 26, 2015--Hall, Phil Now here is something you don't see every day: a world famous singer/songwriter giving a financially challenged friend a songwriting credit in order to help that friend pay off a mortgage.
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FOMC Meeting to Be the Highlight of a Data-Heavy Week
Market Realist, Oct. 26, 2015--Nyitray, Brent The highlight of this week will be the Federal Open Market Committee meeting on Tuesday and Wednesday. The rate decision will be released at 2:00 p.m. on Wednesday.
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Reverse Mortgages: Useful Retiree Tool or Bad Move?
CNBC, Oct. 26, 2015--O'Brien, Sarah Reverse mortgages, once viewed as loans of last resort, are slowly gaining some mainstream respect.
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DBRS Reaches $6 Million Settlement Related to Mortgage Securities
Wall Street Journal, Oct. 26, 2015--Stynes, Tess DBRS Inc. agreed to pay nearly $6 million to settle Securities and Exchange Commission claims that the credit-ratings firm misrepresented how it monitored ratings of complex real-estate securities over a three-year period.
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New Fannie Mae Mortgage Rules Benefit African-American, Latino Homebuyers
Ebony, Oct. 26, 2015--Khalfani-Cox, Lynnette Fannie Mae is rolling out a series of new mortgage rules that will make it easier for African-Americans, Latinos and others to qualify for home loans.
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RMBS Servicers Weather the Storm, Improve Management
National Mortgage News, Oct. 26, 2015--Clozel, Lalita Residential mortgage-backed securities servicers are improving their processes despite generally adverse market conditions, Fitch Ratings said.
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Sam Zell Edges Out of Apartments
Wall Street Journal, Oct. 26, 2015--Kusisto, Laura Sam Zell has agreed to sell more than 23,000 apartments controlled by his real-estate company, Equity Residential, for $5.4 billion to Starwood Capital Group, the companies said.
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Dear Mortgage Lenders, Prepare Yourself for Millennial Homebuyers
HousingWire, Oct. 26, 2015--Swanson, Brena The largest generation is growing up, and quick. And unlike popular belief, they do want to buy homes; but it won't be the same way as their predecessors. Millennials demand social media, online banking -- and yes, online mortgages.
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How a Fed Rate Hike Could Actually Stimulate the U.S. Economy
Bloomberg, Oct. 26, 2015--Kawa, Luke Some economists are suggesting that the best thing the Federal Reserve could do for the U.S. economy would be to raise interest rates for the first time in nearly a decade, mounting an argument that flies in the face of conventional economic wisdom.
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Congress Negotiators New Deal on Budget, Debt Limits: Sources
Reuters, Oct. 26, 2015--Cowan, Richard Republican and Democratic negotiators in the U.S. Congress and the Obama administration are close to agreeing on proposals to raise Washington's borrowing authority and fund government programs over the long term, according to House of Representatives and Senate sources.
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