The Lede

Top National News

Reverse Mortgages Get a Second Look in Retirement

Detroit Free Press, Aug. 14, 2016--Tompor, Susan New rules protect borrowers from taking too much money out of house.

Financing Plan Reawakes American Dream Mall Project in N.J.

Wall Street Journal, Aug. 14, 2016--King, Kate Meadowlands (N.J.) megamall getes $2.65 billion financing plan after work ground to a halt in February.

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PwC Sued for Record $5.5bn for Negligence in Mortgage Fraud Case

The Independent (U.K.), Aug. 15, 2016--Nesmith, Susannah; Pearson, Sophia World's biggest financial services firm accused of negligence for failing to spot multi-billion dollar fraud over seven years.

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Housing Industry Hoping for Change After Obama

The Hill, Aug. 15, 2016--Needham, Vicki Mortgage Bankers Association President & CEO David Stevens, CMB, says next president has opportunity to "change the dialogue."

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Weekly Mortgage Market Index Off on Purchases, Conv

Mortgage Daily, Aug. 15, 2016 The U.S. Mortgage Market Index from OpenClose and Mortgage Daily for the week ended Aug. 12 was 185, retreating 7 percent from a week prior.

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2 C-Suite Moves Among Mortgage Executive Activity

Mortgage Daily, Aug. 12, 2016--Garcia, Sam American Pacific Mortgage promoted Bill Lowman.

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Homeowners Have Real Estate Agents Over a Barrel

Bloomberg, Aug. 12, 2016--Clark, Patrick Low inventories give sellers an advantage in negotiating commissions.

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Private Mortgage Insurance Explodes, Passes FHA

HousingWire, Aug. 12, 2016--Lane, Ben PMI share at 37% in 2Q; FHA share falls to 34%.

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Growth of Senior-Care Facilities Presents Opportunity for Lenders

National Mortgage News, Aug. 12, 2016--Reosti, John United Community, Wells Fargo see growth in senior care facilities.

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Head of Citi FinTech to Depart

Wall Street Journal, Aug. 12, 2016--Rexrode, Christina; Witkowski, Rachel Heather Cox, leader of Citigroup's financial-technology unit, leaving for new job.

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U.S. June Business Inventories Rise 0.2%

MarketWatch, Aug. 12, 2016--Robb, Greg Inventory-to-sales ratio slips to 1.39, still well above postrecession average.

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Weak Retail Sales, Inflation Dim Prospects of Fed Rate Hike

Reuters, Aug. 12, 2016--Mutikani, Lucia Retail sales unexpectely flat.

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How to Sell a House in Red Hot America

Bloomberg, Aug. 12, 2016--Clark, Patrick Three words: central air conditioning.

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Consumers Move Past Brexit, Now Concerned with Election Outcomes

HousingWire, Aug. 12, 2016--Ramirez, Kelsey Economic issues to have key consumer focus.