The Lede
Top National News
MBA to the Next President: Here are 3 Ideas to Save the Housing Market
Housing Wire, Apr. 26, 2016--Stevens, David
We are in a housing crisis. This statement is not meant to invoke a sense of shock; it's simply an expression of fact.
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Raise Interest Rates to Lower Threat of Inflation
Post and Courier, Apr. 26, 2016--Morici, Peter
The Federal Reserve has kept a watchful eye on labor markets. But as it meets this week to chart interest rate policy, it would do well to recognize that inflation is heating up, too.
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The 30-Year Fixed Mortgage Should Disappear
Forbes, Apr. 26, 2016--Pinto, Edward
The 30-year fixed-rate mortgage should be retired--for good. Despite continued proof that it fails to build up wealth for the most disadvantaged Americans and that mortgage debt should not be a burden as homeowners approach their 50s and 60s, misguided advocates maintain that the 30-year fixed-rate mortgage should be at the core of the U.S. housing finance system.
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Mortgage REITs are Enjoying a Renaissance
MarketWatch, Apr. 26, 2016--Riquier, Andrea
As the housing market recovers, investors are taking another look at some of the investments derived from bets on mortgage credit. Real estate investment trusts that buy mortgage-backed securities and other income-producers may be ready for their moment.
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More Homebuyers Turning to Social Media: TD Bank
National Mortgage News, Apr. 26, 2016--Passy, Jacob
More homebuyers are using social media to find out information about mortgage products and services, TD Bank reported.
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Flagstar’s 1Q Profit Grows Despite Decline in Originations
National Mortgage News, Apr. 26, 2016--Passy, Jacob
Flagstar Bancorp in Troy, Mich., reported an increase in net income during the first quarter, mainly on higher interest income and a larger release of loan losses.
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Alphabet’s Next Big Thing: Building a ‘Smart’ City
Wall Street Journal, Apr. 26, 2016--Brown, Eliot
Google parent Alphabet Inc. has legions of Web developers. Soon it might be in need of real-estate developers.
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U.S. Economy Seen Growing 0.4 Percent in First Quarter: Atlanta Fed
Reuters, Apr. 26, 2016--Leong, Richard
The U.S. economy is growing at a 0.4 percent pace in the first quarter following the latest data on home resales and durable goods orders, the Atlanta Federal Reserve's GDPNow forecast model showed on Tuesday.
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What Fintech Gets Wrong About Mortgage
National Mortgage News, Apr. 26, 2016--Tymeson, Tana
When will fintech infiltrate the mortgage industry the way it has other financial services? It already has and is creating a problem, warned Andy Pollock, senior managing director of the consulting arm of Clayton Holdings.
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5 Things to Watch at the Fed Meeting
Wall Street Journal, Apr. 26, 2016--Harrison, David
Federal Reserve officials are virtually certain to hold interest rates steady when their meeting ends Wednesday but they could try to send a message to markets and outside observers about what likely comes next.
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Gallup Poll Finds Most Americans Believe Real Estate is Best Investment
HousingWire, Apr. 26, 2016--Ramirez, Kelsey
Real estate increased its lead over four other investment choices, becoming the top pick for investment, according to a Gallup survey.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education Introduction to Internal Audits for Mortgage Bankers Webinar June 7
MBA Education presents a webinar, Introduction to Internal Audits for Mortgage Bankers, on Tuesday, June 7 from 2:00-3:30 p.m. ET.
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