The Lede
Top National News
Accounting Giant, Mortgage Company Lawyers Reach Settlement
Associated Press, Aug. 26, 2016
PriceWaterhouseCoopers settles claims stemming from Taylor, Bean and Whitaker debacle.
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More Power for Jumbo-Mortgage Shoppers
Builder, Aug. 26, 2016
MBA Chief Economist Mike Fratantoni says vast majority of jumbo loans end up on bank balance sheets.
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Thanks Brexit! Mortgage Originator Profit Jumps to 3-Year High
HousingWire, Aug. 26, 2016--Lane, Ben
Urban Institute report shows profit per loan on the rise.
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U.S. Housing: Long Way from Home
Financial Times, Aug. 26, 2016--Foley, Stephen
MBA Vice President Lynn Fisher said housing market "still feels a lot like 2002 or 2003."
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Unknown Number of Layoffs Ahead at Amherst Mortgage Servicer
Buffalo Business First, Aug. 26, 2016--Kline, Allissa
PHH Corp. confirms layoffs coming after company loses subservicing business.
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U.S. Corporate Profits Climbed as GDP Ticks Down to 1.1%
Wall Street Journal, Aug. 26, 2016--Leubsdorf, Ben
Key measure of corporate profits rose this spring alongside modest growth in the overall economy.
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Yellen Hints at Possible Rate Hike
National Mortgage Professional, Aug. 26, 2016--Hall, Phil
In Jackson Hole speech, Fed chair hints timing could be right for another rate hike.
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How to Spot a Con
UExpress, Aug. 26, 2016--Sichelman, Lew
A primer on avoiding snake-oil real estate hucksters.
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Buyers are Willing to Spend More for ‘Smart’ Homes
The Oklahoman, Aug. 26, 2016--Harney, Kenneth R.
And they want it turnkey.
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Featured Industry Leader: Frederick A. McDonald Jr., Ex-Officio President, Mortgage Bankers Association of New York
National Mortgage Professional, Aug. 26, 2016--Hall, Phil
VP with Popular Community Bank discusses trade group involvement.
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Underwater Homes: a New Meaning
Creators Syndicate Inc., Aug. 27, 2016--Woodard, Jim
Zillow report warns climate change could destroy two million coastal U.S. homes.
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USDA Slashing Mortgage Fees
HousingWire, Aug. 26, 2016--Lane, Ben
Cuts to upfront guarantee fee, annual fee.
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Fed’s Dislike of Negative Interest Rates Points to Limits of Stimulus Measures
Wall Street Journal, Aug. 28, 2016--Hilsenrath, Jon; Torry, Harriet
Federal Reserve officials are content to watch others' experience of negative rates from a distance.
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Mortgage PPEs Enhanced, Implemented by Lenders
Mortgage Daily, Aug. 26, 2016--Garcia, Sam
Recent improvements to product-and-pricing engines.
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Developers Bet Big on Brooklyn Office Demand
Wall Street Journal, Aug. 28, 2016--Grant, Peter
$400 million office/industrial complex is latest big bet on Brooklyn.
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Residential Finance News
Commercial/Multifamily News
MBA News
MIT Fintech Certificate Course; Discounts for MBA Members
Understand Future of Money, Commerce
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MISMO HMDA Implementation Toolkit Available
First of a New Generation of MISMO Business-Oriented Solutions
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Make Your Voice Heard through MBA Mortgage Action Alliance
Play Active Role in Shaping Policy
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