The Lede
Top National News
CFPB Will Update Know Before You Owe Rule
HousingWire, July 29, 2016--Swanson, Brena
MBA President and CEO Dave Stevens, CMB, says rule has "big impact" on borrowers and lenders.
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Home-Equity Borrowing Rebounds, But Homeowners Show More Discipline
Columbus Dispatch (Ohio), July 29, 2016--Weiker, Jim
Banks are pitching specials and teaser rates to draw borrowers.
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With Interest Rates Dropping, Is Now the Time to Refinance?
New York Times, July 29, 2016--Prevost, Lisa
Lower rates also require calculations on need to refinance.
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Lower-Risk Loan Apps Result From Global Uncertainty
MReport, July 29, 2016--Morgan, Scott
Fraud risk down from year ago, First American says.
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New York Launches Reverse-Mortgage Probe
New York Post, July 29, 2016--Curan, Catherine
Two mortgage firms targeted by Department of Financial Services.
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The Fragile U.S. Economy Now Facing a Slowdown in Building Boom
Bloomberg, Aug. 1, 2016--Black, Thomas
Construction companies remain optimistic about growth.
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Risky Lending by Wall Street Banks Has Increased, Regulators Warn
Wall Street Journal, July 29, 2016--Witkowski, Rachel
Credit deemed 'special mention' or worse rises by 13%.
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FHA, Lenders Clash Over Financing Greener Homes
National Mortgage News, July 29, 2016--Bisbey, Allison
Lenders and investors warn such loans could impact their standing in collateral claims.
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New Bill Brings Good News for Condo Buyers
The Oklahoman, July 29, 2016--Harney, Kenneth R.
Legislation aims to revive FHA's 'sagging' condo program.
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Quicken Loans Tops J.D. Power Survey on Mortgage Services
Crain's Detroit Business, July 29, 2016--Henderson, Tom
Huntington Bank ranks second.
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CFPB Punts on TRID Errors, But Offers Plenty More for Lenders
National Mortgage News, July 29, 2016--Berry, Kate
Update does not give lenders ability to correct errors after loan has closed.
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Two Harbors Bailing on Jumbo Bonds Already Impacting Mortgage Market
HousingWire, July 29, 2016--Lane, Ben
NYCB Mortgage says it will suspend jumbo fixed 30-year program.
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Notes on HR 2121, the Importance of MISMO, and Cybercrime–What is the ‘Darknet?’
Mortgage News Daily, July 30, 2016--Chrisman, Rob
MISMO laying foundation for stronger mortgage industry.
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Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era
Wall Street Journal, July 29, 2016--Morath, Eric
Expansion lower than in previous shorter cycles.
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Residential Finance News
Commercial/Multifamily News
MBA News
Mortgage Action Alliance Quarterly Advocacy Update Aug. 4
Session Provides Legislative/Regulatory Briefine; 2016 Political Landscape
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MBA Accepting Entries for Diversity & Inclusion Residential Leadership Awards
Awards Recognize Excellence, Innovation in Workplace Diversity and Inclusion
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MBA Education Dealing with Appraisals: Regulations and Requirements Webinar Aug. 4
Provides In-Depth Look of Appraials, Valuation Processes
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