The Lede

Top National News

Higher Mortgage Fees for Low Down Payments and Credit Scores
The Real Deal (New York), Apr. 22, 2016--Harney, Kenneth If you're planning to buy a home with a low down payment, you need to be aware of some important but virtually unpublicized price changes underway in the mortgage market.
Full Story
Home-Price Surge Stymies First-Time Buyers
Wall Street Journal, Apr. 22, 2016--Kirkham, Chris Shrinking inventories make housing less affordable just as the crucial spring selling season is heating up.
Full Story
Developers Are Turning Rust Belt Hulks Into Luxury Hotels
Bloomberg News, Apr. 22, 2016--Clark, Patrick Developers have started to leverage adaptive reuse over the past three years, leading to creative conversions across the U.S., often from vacant or underutilized office buildings to full-service, lifestyle and select-service hotels.
Full Story
Not-So-Close Call: Bankers Face Stricter Pay Rules
Housing Wire, Apr. 22, 2016--Gaffney, Jacob Small, work-from-home loan originators at some credit unions dodged the latest regulatory attempt to force them them to open commercial offices. Wall Street bankers, however, aren't as lucky.
Full Story
SunTrust Rides Strong Mortgage Performance to Increase Income in Q1
Housing Wire, Apr. 22, 2016--Ramirez, Kelsey SunTrust's first-quarter revenue rose 5.4 percent to $2.1 billion. The bank's mortgage production income for the current quarter was $60 million compared to $53 million for the prior quarter.
Full Story
Senate Appropriators Reject FHA Lender Fee
National Mortgage News, Apr. 22, 2016--Collins, Brian Senate appropriators approved $13 million in new funding to update the Federal Housing Administration's "outdated and unautomated" information technology systems, but rejected President Obama's proposed way of paying for it.
Full Story
Mortgage Matters: Downpayment Options May Make Homeownership a Reality
Virginian-Pilot, Apr. 23, 2016--Rockefeller, Steve Surveys show that 40 percent of repeat buyers and 66 percent of first-time homebuyers put less than 10 percent down. Understanding all of your low-down-payment mortgage options may aid you in obtaining a mortgage while helping to save money.
Full Story
Department Stores Need to Cull Hundreds of Sites, Study Say
Wall Street Journal, Apr. 24, 2016--Kapner, Susan Department stores need to close hundreds of locations if they want to regain the productivity they had a decade ago, according to new research from Green Street Advisors. The real-estate research firm estimates that the closures could include nearly 800 department stores, or about a fifth of all anchor space in U.S. malls.
Full Story
HUD Reaches Agreement with Fidelity Over Unfair Lending Allegations
National Mortgage News, Apr. 22, 2016--Passy, Jacob HUD said Friday that an agreement was reached between Fidelity Bank and the Fair Housing Project of North Carolina Legal Aid.
Full Story
Fed Seen Holding Rates This Week with Hikes Still on Horizon
Reuters, Apr. 24, 2016--Spicer, Jonathan; Saphir, Ann Federal Reserve policymakers are expected to hold interest rates steady when they meet this week, but may tweak their description of the economic outlook to reflect more benign conditions, leaving the path open for future rate rises.
Full Story
Technology is Finally Eliminating Geography as a Barrier to Real Estate Investing
TechCrunch.com, Apr. 24, 2016--Saklecha, Akhil Technology has enabled radical changes in how and where people invest in real estate. The old adage that real estate investing is a local business no longer holds true.
Full Story

Residential Finance News

Commercial/Multifamily News

MBA News

MBA Education Residential CMB Prep Course June 3-July 22
MBA Education presents its popular online six-week Residential Certified Mortgage Banker Prep Course from June 3-July 22. 
Full Story
MBA State Mortgage Market Profiles Available
Offered by MBA Research, the State Mortgage Market Profile is a quarterly report that combines several of the most popular economic measures in an easy-to-read, one-page overview.
Full Story