The Lede

Top National News

The Fed Still Planning Interest Rate Hikes–But When?
Marketplace, Apr, 25, 2016--Hartman, Mitchell  Most economists predict that the Federal Reserve will hold off on raising interest rates at its meeting this week. But the Fed is expected to act soon--either between the upcoming meetings or at the meeting on June 14-15.
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Karmanos Enters Thriving Mortgage Industry
Detroit Free Press, Apr. 25, 2016--Reindl, JC Southeast Michigan's mortgage industry has been on a roll since last decade's housing crash, grabbing market share from big out-of-state lenders who pulled back as some local companies stepped up. One of the latest newcomers to the business is a familiar name in metro Detroit--although never before for mortgages.
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Real Estate: Is The Housing Boom Here?, Apr. 25, 2016--Miller, Peter G. The housing boom should be here, it really should. All the historic notions associated with a prosperous and solid real estate marketplace seem to be in place. Marina Walsh, vice president with the Mortgage Bankers Association, said signs point to higher production volumes.
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Down Market Presents Surprising Opportunities for Commercial Deals
Commercial Observer, Apr. 25, 2016--Mandell, David Mandell said the economy is on the cusp of an economic downturn. "We're at a stage where the commercial real estate community has to make a choice: fall victim to the state of the market as we have in years past, or start planning for a down market and adopt unique strategies that will drive commercial sales regardless of the state of the economy."
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Nationstar, Flagstar Receive Top Mortgage Servicing Marks from Fannie Mae
HousingWire, Apr. 25, 2016--Lane, Ben Nationstar Mortgage and Flagstar Bank are among two of the best mortgage servicers in the country, according to Fannie Mae, which recently bestowed both with its highest level of performance recognition.
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Fed Statement Could Offer Clues Toward June Rate Decision
Wall Street Journal, Apr. 25, 2016--Harrison, David Federal Reserve officials are unlikely to raise short-term interest rates at their meeting this week, but could drop hints about whether they might move at their next gathering in June.
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Freddie Mac Lowers 2016 Economic Forecast, Remains Positive on Housing
National Mortgage News, Apr. 25, 2016--Passy, Jacob Freddie Mac has revised downward its economic forecast for the remainder of 2016 following a tepid first quarter, but still remains upbeat about the housing market.
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New U.S. Home Sales Drop on Sharp Decline in the West
Reuters, Apr. 25, 2016--Mutikani, Lucia New U.S. single-family home sales unexpectedly fell in March, but the decline was concentrated in the West region, suggesting that the housing market continued to steadily improve.
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Scott Walker Signs Stricter OWI Law
Appleton Post-Crescent (Wis.), Apr. 25, 2016--Marley, Patrick; Spicuzza, Mary The legislation Walker signed Monday follows a 2015 unanimous state Supreme Court decision upholding a 2012 law that strengthened Milwaukee's hand in dealing with zombie homes. In that case, justices said that when a court declares a foreclosed property to be abandoned, the lender must offer it for sale. Foreclosed properties are auctioned off at sheriff's sales and lenders often buy the properties themselves.
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LendingClub Looks at New Deal to Crack Tough Market
Wall Street Journal, Apr. 26, 2016--Rudegeair, Peter; Demos, Telis LendingClub Corp. is planning its first sales of bonds backed by its unsecured loans, as the largest U.S. online lender looks for new funding sources in a challenging market.
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Regulators to Call for Banks to Have Year’s Worth of Liquidity
Wall Street Journal, Apr. 25, 2016--Borak, Donna Large U.S. banks would have to prove they have enough cash to withstand severe market turmoil lasting as long as a year under a new rule set to be proposed Tuesday.
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There May Be a Future for TRID Securitizations Yet
HousingWire, Apr. 25, 2016--Swanson, Brena Despite lack of guidance from the Consumer Financial Protection Bureau, the Structured Finance Industry Group's due diligence grades provide clarity for investors.
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