The Lede
Top National News
Mortgage Applications Fall 4% Even as Rates Sit Near record Lows
CNBC, Aug. 17, 2016--Olick, Diana
Mortgage Bankers Association says refinancings remain 48% higher than a year ago.
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Doubts Raised About Qualifications of CFPB Supervision Head
American Banker, Aug. 17, 2016--Berry, Kate
Chris D'Angelo's appointment raising questions because of political connections, relative inexperience.
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Trade Groups Raise Alarm on PACE Loan Guidance
National Mortgage Professional, Aug. 17, 2016--Hall, Phil
Mortgage Bankers Association, other groups say guidance raises questions about consumer protections, risks to FHA/VA insurance programs.
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Proposed TRID Updates: Frustration That CFPB Won’t Address ‘Cure’ Provisions
MortgageOrb, Aug. 17, 2016--Barnard, Patrick
Analysts say legal issues remain unaddressed.
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Clara Hopes To Reinvent How You Get A Mortgage
Fortune, Aug. 17, 2016--Rao, Leena
Silicon Valley upstart is hoping to grab a piece of the multi-trillion mortgage market.
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Mortgage Credit Defaults Increase Slightly in July
HousingWire, Aug. 17, 2016--Ramirez, Kelsey
Up by just one basis point, Experian reports.
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Fed’s July Minutes Show a Split Central Bank Seeking to Keep Options Open
Wall Street Journal, Aug. 17, 2016--Hilsenrath, Jon
Minutes suggested a rate increase is a possibility as early as September.
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Plan B: loanDepot Closes on $150M in Capital Transaction
HousingWire, Aug. 17, 2016--Swanson, Brena
Closing in term debt financing comes after postponed IPO.
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Refinances Push Revenues in Home Improvement Industry
HousingWire, Aug. 17, 2016--Ramirez, Kelsey
Homeowner approach to financing shifts.
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Mortgage Credit Tightens as Closing Rate Improves
Mortgage Daily, Aug. 17, 2016
Ellie Mae says LTVs lower, credit scores higher in July.
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Fastest Growing Mortgage Firms
Mortgage Daily, Aug. 17, 2016--Garcia, Sam
Inc. releases its annual rankings of fastest-growing companies, and four mortgage-related firms make the list.
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Managing Spikes (and Dips) in Mortgage Volume
HousingWire, Aug. 17, 2016--Gagliano, Rich
The author, with Black Knight Finanacial Solutions, says picking right technology partner is key.
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Industry Throws Wet Blanket on the Digital Mortgage Revolution
HousingWire, Aug. 17, 2016--Lane, Ben
Fannie Mae/Freddie Mac survey shows industry still has long way to go in digital mortgage adoption.
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Industry Experts Talk Emerging Mortgage Servicing Issues
DS News, Aug. 18, 2016--Baer, Kendall
Urban Institute/CoreLogic panel discussion touches on servicing compensation reform, other servicing issues.
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Macy’s Store Closings to Hit $3.64B of CMBS
National Mortgage News, Aug. 17, 2016--Fest, Glen
Morningstar Credit Ratings warns of hit as Macy's closes 100 stores.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education Successful and Error-Free Appraisal Underwriting Workshop Sept. 28
Discounts for Attendees at MBA Risk Management/Quality Assurance Conference
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MISMO Fundamentals Aug. 23-25
Lays Groundwork for Planning, Execution of MISMO Implementation Projects
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