The Lede

Top National News

Discounts in U.S. Real Estate Stocks Set Stage for Buyout Spree
Bloomberg, Sept. 25, 2015--Mulholland, Sarah Real estate investment trusts--companies that own properties such as luxury hotels, office towers and shopping malls -- are trading at an almost 15 percent discount to what investors would pay for buildings individually, according to Green Street Advisors LLC. The gap, the biggest in five years, has been growing since May, pushing the odds of REIT buyouts to the highest since 2006.
Full Story
No Procrastinating Under New Mortgage Rules
OC Register (Calif.), Sept. 25, 2015--Lazerson, Jeff If you are buying or refinancing, you need to know how to get it right when it comes to the mortgage settlement process overhaul that starts Oct. 3.
Full Story
Student Debt Can Put a House Out of Reach
NewsOK (Okla.), Sept. 25, 2015--Harney, Kenneth R. Heads up for millennials and first-time home shoppers carrying student debt: New rules could make it tougher to qualify for a low down payment Federal Housing Administration mortgage.
Full Story
TRID Lets Borrowers Sue over Third-Party Vendor Lists
National Mortgage News, Sept. 25, 2015--Finkelstein, Brad Lenders that allow borrowers to shop for third-party settlement services face new liability, as the Consumer Financial Protection Bureau's integrated mortgage disclosure rules will let borrowers sue over problems with vendor lists.
Full Story
U.S. 2nd Quarter GDP Grows 3.9%
Wall Street Journal, Sept. 25, 2015--Harrison, David The U.S. economy was turbocharged in the spring, but a buildup in inventories over the first half of the year could slow output to a more moderate pace over the remainder of 2015.
Full Story
U.S. Services Sector Growth in September Slows to Three-Month Low, Says Markit
Reuters, Sept. 25, 2015--Connor, Michael Growth in America's services sector eased during September to its slowest rate at any time during the last three months as new business expansion weakened for a second month, an industry report showed on Friday.
Full Story
Last of 24 Charged in Mortgage Fraud Gets 11 Years in Prison
Associated Press, Sept. 27, 2015 Former Great Country Mortgage Bankers owner Hector Hernandez will serve the longest prison term of anyone involved in the massive scheme andalso must pay more than $64 million in restitution.
Full Story
Monday Morning Cup of Coffee: Lenders Want Congress to Stop FHFA Rule Change
HousingWire, Sept. 28, 2015--Garrison, Trey The Mortgage Bankers Association and a coalition sent a letter to House Financial Services Committee Chairman Jeb Hensarling, R-Texas, and Ranking Member Maxine Waters, D-Calif., expressing concern with the Federal Housing Finance Agency's proposed rule changes to Federal Home Loan Bank membership.
Full Story

Residential Finance News

Commercial/Multifamily News

MBA News

Steps to Professional Excellence through MISMO
MISMO's comprehensive curriculum is designed for business and technology professionals who are currently (or who may soon be) involved in consideration, planning and/or development of a MISMO-based project, and are interested in becoming subject matter experts.
Full Story