The Lede
Top National News
Why This Top Official Thinks the Federal Reserve Should Raise Interest Rates This Year
Washington Post, Aug. 11, 2016--Mui, Ylan
Federal Reserve Bank of San Francisco President John Williams believes the central bank should raise rates.
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2016 Top Brokers
National Real Estate Investor, Aug. 11, 2016
CBRE Group leads for the 13th year.
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Mortgage Rates Move Slightly Higher as Refinances Fuel Uptick in Applications
Washington Post, Aug. 11, 2016--Orton, Kathy
Mortgage applications re-adjusted after two weeks of drops, said MBA President and CEO David Stevens, CMB.
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Little Progress to Report in Latest Mortgage Data
National Mortgage Professional, Aug. 11, 2016--Hall, Phil
Thirty-year fixed rate holds steady at 3.45 percent, Freddie Mac said.
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Pace of Growth Slows for New Home Purchase Apps: MBA
National Mortgage News, Aug. 11, 2016--Passy, Jacob
MBA Builder Applications Survey sees growth from year ago.
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Home Equity Loans Come Back to Haunt Borrowers, Banks
Wall Street Journal, Aug. 11, 2016--Andriotis, Annamaria
Cost of HELOCs take out before housing bust leading to delinquencies.
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Macy’s to Close About 15% of Stores, Cut Jobs
Wall Street Journal, Aug. 11, 2016--Beilfuss, Lisa
Decision affects 100 stores; move comes amid sharp drop in quarterly profits.
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Lenders Tap Into Growing Mortgage Demand from Non-English Speakers
National Mortgage News, Aug. 11, 2016--Finkelstein, Brad
Effort requires strategic recruiting, hiring and compliance.
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Captive Insurer Ban Takes Toll on Some Home Loan Banks
National Mortgage News, Aug. 11, 2016--Collins, Brian
Federal Housing Finance Agency rule will force some FHLB members out.
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A Tight U.S. Job Market Is Putting Slack Employers at Risk
Bloomberg, Aug. 11, 2016--Sho, Chandra
Job applicants say they want answers quickly.
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U.S. Import Prices Unexpectedly Rise in July
Reuters, Aug. 11, 2016--Mutikani, Lucia
Prices edged up 0.1 percent, defying forecasts.
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Walter Investment MSR Sale Drives Public Offering
Mortgage Daily, Aug. 11, 2016
New Residential had acquired mortgage servicing rights to $70 billion in Walter loans.
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Over $1.5 Billion in GSE MSRs Up for Bid
Mortgage Daily, Aug. 11, 2016
Offering includes 8,820 government-sponsored enterprise loans.
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Trump Expresses Support for Looser Mortgage Rules
Washington Examiner, Aug. 11, 2016--Lawler, Joseph
Republican presidential candidate says new regulations make it too difficult to obtain mortgages.
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Hillary Clinton on CFPB: Why Would You Get Rid of That?
HousingWire, Aug. 11, 2016--Ramirez, Kelsey
Democratic presidential candidate says Bureau has helped consumers.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education Multifamily Property Inspection Workshop in Chicago Sept. 28-29
Learn Best Practices to Meet Fannie Mae/Freddie Mac Requirements
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MBA Education Developments in Federal Wage and Hour Law Webinar Aug. 18
A Deep Dive into the Fair Labor Standards Act
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Captains Mark, Scott Kelly Keynote MBA Annual Convention & Expo
Annual Convention Returns to Boston Oct. 23-26
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