The Lede

Top National News

There Are All Kinds of Signs of a High-End Real Estate Slowdown

Bloomberg, Aug. 10, 2016--Verhage, Julie Tough times ahead for high-end markets.

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Record Originations at McLean Mortgage

Mortgage Daily, Aug. 10, 2016 Q2 volume rises 54% from previous quarter.

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Nearly 70 Mortgage Events Scheduled Through October

Mortgage Daily, Aug. 10, 2016--Garcia, Sam Upcoming mortgage-related conferences and events.

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Most CFPB Small Business Panelists Disagree with Agency Rules: GAO

National Mortgage News, Aug. 10, 2016--Berry, Kate Government Accountability Office says small businesses generally disagree with Bureau's rules.

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Lopsided Housing Rebound Leaves Millions of People Out in the Cold

Wall Street Journal, Aug. 10, 2016--Kusisto, Laura Homeownership rate continues to decline as credit issues, student loans and high prices lead more to rent.

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Romantic Relationship With Fannie Mae CEO Prompted Firing of Fifth Third Lawyer

Wall Street Journal, Aug. 10, 2016--Glazer, Emily; Ensign, Rachel Louise; Timiraos, Nick Fifth Third Bancorp fired its general counsel last month because she was having a romantic relationship with the chief executive of Fannie Mae, Timothy Mayopoulos.

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Fannie Mae, Freddie Mac Set New All-Time Low Mortgage Modification Interest Rate

HousingWire, Aug. 10, 2016--Lane, Ben Benchmark rate now more than one full percentage point lower than it was in 2012.

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The Average American Still Can’t Get a Mortgage

Fortune, Aug. 10, 2016--Matthews, Chris New York Fed says new mortgage volume down in second quarter; median credit score well above average.

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Clean Energy Home Loans Have Problems

Tallahassee (Fla.) Democrat, Aug. 10, 2016--Ryan, Terry Founder of local solar electric initiative cites MBA concerns over FHA Property Assessed Clean Energy program.

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Correction

An article in yesterday's Top National News section of MBA NewsLink misidentified Mark Fleming's title. He is chief economist with First American Financial Corp.

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U.S. Government Posts $113 Billion Deficit in July

Reuters, Aug. 10, 2016--Dunsmuir, Lindsay Down 24 percent from year ago.

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The Typical Home in San Jose Now Costs More Than $1 Million

Wall Street Journal, Aug. 10, 2016--Kusisto, Laura Home prices rose in 83 percent of metros.

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Ocwen Rising: S&P Upgrades Nonbank’s Servicer Rankings

HousingWire, Aug. 10, 2016--Lane, Ben Agency notes more than dozen "key changes" to company's operations since last review.

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Nationstar Returns with Sixth Reverse Mortgage ABS

National Mortgage News, Aug. 10, 2016--Fest, Glen Third securitization this year.

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Morgan Stanley Credited by Monitor with $10.5M in Relief

National Mortgage News, Aug. 10, 2016--Passy, Jacob Independent monitor okays settlement with New York.

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Home Prices Climb, Appraisal Perceptions Decline

National Mortgage Professional, Aug. 10, 2016--Hall, Phil Analysis shows increases in 148 of 178 metro areas.

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The Pace of Layoffs Matched a Record Low in June, But Hiring Still Hasn’t Recovered

Wall Street Journal, Aug. 10, 2016--Zumbrun, Josh Labor Department report on job turnover a mixed picture.

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Being Paid on Maternity Leave is No Grounds for Denying a Mortgage

Washington Post, Aug. 10, 2016--Harney, Kenneth R. HUD reports more than 200 cases alleging maternity-related discrimination by lenders over past six years.

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Servicing Gets Cheaper and Cheaper

Market Realist, Aug. 10, 2016--Nyitray, Brent Lower rates, increased prepayments affect servicing valuations.

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Mortgage Applications Jump 7% as Rates Drop on Weak GDP

CNBC, Aug. 10, 2016--Levingston, Ivan MBA reports rebound in mortgage applications from week prior.

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Interview with David Stevens, President & CEO, Mortgage Bankers Association

The Mortgage Reports, Aug. 11, 2016--Green, Dan MBA chief discusses key industry issues.

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