The Lede

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Mortgage Bankers Association Adds Consumer Educational Info
Origination News, Oct. 6, 2015--Peters, Andy The Mortgage Bankers Association added educational material to its website to help consumers buy a home.
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Home Prices Keep Rising, but Available Credit Barely Expands
National Mortgage Professional, Oct. 6, 2015--Hall, Phil Home prices are still in ascension, but mortgage credit availability is barely inching up, according to a pair of new data reports.
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Mortgage Credit Up Slightly in September: MBA
Origination News, Oct. 6, 2015--Macheel, Tanaya Mortgage credit availability increased in September on offerings of Freddie Mac's affordable lending programs, according to the Mortgage Bankers Association.
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The New Mortgage Process Will Require a Houseful of Patience
TheStreet.com, Oct. 6, 2015--Notte, Jason The TILA-RESPA Integrated Disclosure rule, known as TRID, produces a shorter stack of paper before closing, but it also makes a nice set of shackles if you're making changes before sealing the deal. It should be simple, but right now there's a bit of a learning curve for lenders and title companies, which could delay the closing date.
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MetLife Takes Majority Stake in New San Francisco Office Tower
Bloomberg, Oct. 6, 2015--Yu, Hui-Yong MetLife Inc. is taking a majority stake in a 43-story office tower being built next to San Francisco's Transbay Transit Center, expanding the biggest U.S. life insurer's holdings in one of the country's most expensive office markets.
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Fannie Mae, Freddie Mac Offer Relief to South Carolina Flood Victims
HousingWire, Oct. 6, 2015--Lane, Ben Both Fannie Mae and Freddie Mac are offering relief to the thousands of homeowners affected by the devastating floods in South Carolina.
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Corker and Warner at BPC: GSE Reform Just Isn’t Going to Happen Soon
HousingWire, Oct. 6, 2015--Garrison, Trey Seven years after Fannie Mae and Freddie Mac were placed into conservatorship, there is still a lack of consensus on how to reform the GSEs.
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U.S. Trade Gap Widens Sharply on Strong Dollar, Weak Global Growth
Wall Street Journal, Oct. 6, 2015--Davidson, Kate The U.S. trade gap widened sharply in August, suggesting trade will weigh on economic growth in the third quarter as a strong dollar and a slowdown overseas curb demand for U.S.-made goods.
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JPMorgan Buys More Mortgages from Other Lenders as Market Shrinks
Reuters, Oct. 7, 2015--Freed, Dan JPMorgan Chase & Co, looking to stem falling revenue in its mortgage business as fewer Americans refinance, is increasingly buying loans from smaller lenders, a practice that competitors including Bank of America view as risky.
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New York Attorney General Examining Private Equity Firm’s Mortgage Business
New York Times, Oct. 6, 2015--Goldstein, Matthew; Abrams, Rachel The rapid growth of Caliber Home Loans, a mortgage company owned by the private equity giant Lone Star Funds, has led to a surge in consumer complaints. Now it has led to regulatory scrutiny of Caliber's business practices.
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Fifth Third Pays $85M to Settle Mortgage Fraud Suit
Cincinnati Enquirer Oct. 6, 2015--Coolidge, Alexander Fifth Third admitted on Tuesday it improperly certified more than 1,400 mortgage loans it knew were defective as eligible for Federal Housing Administration insurance, costing taxpayers millions. Now, the Cincinnati-based regional bank will pay $85 million to settle a civil fraud claims, federal authorities said Tuesday.
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CFPB Plan Would All But Ban Arbitration Clauses
American Banker, Oct. 7, 2015--Adler, Joe The Consumer Financial Protection Bureau's impending proposal, to be reviewed by a small business advisory panel, would block companies from using arbitration clauses to avoid class actions but allow them for individuals.
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Jay Leno, Colin Powell Keynote MBA 102nd Annual Convention & Expo
Legendary comedian Jay Leno and former Defense Secretary Gen. Colin Powell keynote the Mortgage Bankers Association's 102nd Annual Convention & Expo, Oct. 19-22 in San Diego.
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