The Lede
Top National News
Fed Is Headed for Shallow Rate Path This Decade, Study Shows
Bloomberg, Aug. 29, 2016--Smialek, Jeanna
San Francisco Fed research suggests rate in 2026 could be just 1 percent.
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Solid U.S. Consumer Spending Boosts Prospect of Fed Rate Hike
Reuters, Aug. 29, 2016--Mutikani, Lucia
Spending rose for fourth consecutive month.
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New Business Holds Up at Fannie, Delinquency Down
Mortgage Daily, Aug. 29, 2016
July secondary activity off less than 1% from prior month.
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IPO Planned for Home Lending Bank
Mortgage Daily, Aug. 29, 2016
Parent of third-largest Tennessee-based bank disclosed plans for an initial public offering.
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Colony Starwood Homes Sells Off Massive Non-Performing Loan Portfolio
HousingWire, Aug. 29, 2016--Lane, Ben
Company basically closes book on its non-performing loan business.
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Florida Court Upholds City’s Rights to Place Liens on Zombie Homes
HousingWire, Aug. 29, 2016--Lane, Ben
Court: cities' liens on foreclosed properties aren't extinguished when home is sold.
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Housing Market: Why Millennials Are Getting Priced Out
Wall Street Journal, Aug. 29, 2016--Russolillo, Steven
Home values are creeping closer to records, much to the dismay of consumers who have missed out.
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Former MGIC CEO Bill Lacy Dies at 71
National Mortgage News, Aug. 29, 2016--Passy, Jacob
Lacy had also served as president and CEO of parent company MGIC Investment Corp.
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Moody’s: New GSE Mortgage Application Positive for Mortgage Bonds
HousingWire, Aug. 29, 2016--Swanson, Brena
Ratings agency says Universal Residential Loan Application will lead to stronger loans.
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PHH Changes; Bank Branch Trends; Upcoming Events; Hispanic Ownership Trends
Mortgage News Daily, Aug. 29, 2016--Chrisman, Rob
Of the 17 million new households anticipated to be formed between now and 2030, 40 percent will likely be Hispanic.
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Here are the 10 Hottest Housing Markets that Fueled a Record-Breaking August
HousingWire, Aug. 29, 2016--Swanson, Brena
California markets dominate list.
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Struggling Malls Pose Outsized Risk to CMBS
National Mortgage News, Aug. 29, 2016--Fest, Glen
For commercial mortgage bond investors, huge risks coming ahead.
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Why Subprime Mortgages Lend Themselves to Securitization
National Mortgage News, Aug. 29, 2016--Bisbey, Allison
"Less competition" to acquire subprime loans, analysts said.
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Black Knight: Home Prices See 5.3 Percent Annual Increase
National Mortgage Professional, Aug. 29, 2016--Hall, Phil
Home prices now within 1.1 percent of new peak.
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Mortgage Debt Continues to Grow
Builder, Aug. 29, 2016
Housing debt, home equity lines of credit grew to $8.8 trillion in second quarter.
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Airbnb Income: Will It Mess With Your Mortgage ‘Refi’?
Wall Street Journal, Aug. 29, 2016--Rudegeair, Peter
Homeowners who rent rooms are facing additional scrutiny when applying for loans.
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Mortgage Rates: Will The Fed End The Real Estate Recovery?
OurBroker.com, Aug. 29, 2016--Miller, Peter G.
A Fed rate hike could put a halt to the real estate recovery.
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Residential Finance News
Commercial/Multifamily News
MBA News
Join Red Sox Legends Jim Rice, Jason Varitek at MBA Annual Convention & Expo
Clara Shih Leads Special Session, 'Will Loan Officers Become Obsolete?'
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Upcoming MBA Education School of Mortgage Banking Courses
Comprehensive, Essential Knowledge & Skills for Today's Mortgage Industry
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