The Lede
Top National News
It’s Not Easy to Borrow While Black in Milwaukee and Other Cities of Unrest
NBC Nightly News, Aug. 16, 2016--Popken, Ben
National Community Reinvestment Coalition study said race remains factor in mortgage lending; MBA Chief Economist Mike Fratantoni said underwriting decisions are based on numbers and automated systems.
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Mortgage Risk Stellar Again With $3.4 Billion Wager on ‘New War’
Bloomberg, Aug. 16, 2016--Basak, Sonali; Philip, Agnel
Arch Capital Group CEO Dinos Iordanou said mortgage insurance is once again a "safe bet."
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SEC Bars Ex-Goldman Trader from Industry in Mortgage Securities Fraud Case
Reuters, Aug. 16, 2016--Barlyn, Suzanne
Edwin Chin barred from industry, pays $400,000 to settle charges that he misled customers.
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Mall Owners Warm Up to ‘Pop-Up Stores’
Wall Street Journal, Aug. 16, 2016--Fung, Esther
Westfield, Simon Property Group dedicate staff, space to short-term stores once viewed as seasonal businesses.
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New CFPB Rule Gives Servicers Just Enough Rope to Hang Themselves
National Mortgage News, Aug. 16, 2016--Sinnock, Bonnie
Servicers got what they asked for when the Consumer Financial Protection Bureau limited the specificity of certain requirements in its final servicing rule. Now they may regret it.
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Trulia: More Homes on the Way for Potential Homebuyers
HousingWire, Aug. 16, 2016--Ramirez, Kelsey
Chief Economist Ralph McLaughlin said "relief is on way" for supply-constrained homebuyers.
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Fed’s Lockhart Says At Least One Rate Hike May Be Needed in 2016
Bloomberg, Aug. 16, 2016--Matthews, Steve
Atlanta Fed president says U.S. economic growth is "accelerating."
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U.S. Inflation Tame as Economy Gains Momentum
Reuters, Aug. 16, 2016--Mutikani, Lucia
Falling gas prices, solid gains in industrial output, home building.
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U.S. Consumer Agency Faces Heat on Financial Arbitration Rules
Reuters, Aug. 16, 2016--Lambert, Lisa
The Consumer Financial Protection Bureau gets criticism from industry and consumers on proposal to block companies from forcing them into arbitration.
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Industrial Production Rose 0.7% in July
Wall Street Journal, Aug. 16, 2016--Sussman, Ann Louie
Manufacturing posted largest advance in a year.
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Here’s How Banks’ Commercial Real Estate Exposure Stacks Up
Barrons, Aug. 16, 2016--Rivas, Teresa
Many banks increasing their CRE exposure.
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Big GSE MSR Portfolio Being Offered
Mortgage Daily, Aug. 16, 2016
Total includes 10,200 residential loans with $1.919 aggregate principal balance.
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MBA: The Most Important Factor for Lenders in the TRID Proposed Changes
HousingWire, Aug. 16, 2016--Swanson, Brena
MBA senior vice president Pete Mills says lenders must focus on how proposed changes could impact systems.
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Married Couples Miss a Tax-Code Break for Jumbo Mortgages
Chicago Tribune, Aug. 16, 2016--Harney, Kenneth R.
Federal tax code appears to now favor unmarried partners when it comes to deducting mortgage interest on jointly owned houses.
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Affordability Issues Drive California Home Sales Lower in July
National Mortgage News, Aug. 16, 2016--Passy, Jacob
Existing home sales, median home prices dip as affordability concerns grow in Golden State.
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