The Lede

CNBC, Dec. 19, 2016--Olick, Diana ARMs are still around, and they can be the right product for a lot of borrowers. They can, in fact, be very low risk.

HousingWire, Dec. 19, 2016--Swanson, Brena According to the latest monthly housing report from the Urban Institute, the total value of the housing market comes in at a whopping $23.9 trillion.

Wall Street Journal, Dec. 19, 2016--Hufford, Austen Home builder's revenue grows 15 percent to $3.38 billion.

National Mortgage News, Dec. 19, 2016--Passy, Jacob Radius Financial Group in Norwell electronically closed six loans beginning in October. The process was created in partnership with the tech vendor DocMagic, the MERS loan registry, Fannie Mae and Santander Bank.

DS News, Dec. 19, 2016--Baer, Kendall The Urban Institute December Housing Chartbook brought some welcome news for mortgage delinquency and foreclosure rates.

National Mortgage News, Dec. 19, 2016--Kellard, Joseph Two former executives of the failed GulfSouth Private Bank in Destin, Fla., and another man have been indicted on federal charges of defrauding the Troubled Asset Relief Program of $7.5 million.

HousingWire, Dec. 19, 2016 Appraisal volume dropped 3.9% as the housing market moves into the final weeks of the year, according to the latest report from a la mode.

Reuters, Dec. 19, 2016--Franklin, Joshua; Hirt, Oliver; Freifeld, Karen The U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source said.

Mortgage Daily, Dec. 19, 2016 Jonathan Larsen originally joined the New York-based financial institution in November 1998 as head of business development, Asia Pacific.

Mortgage Daily, Dec. 19, 2016 The chief executive officer of New Penn Financial LLC has co-founded a retail lender that will capitalize on home-equity loan products.

SFGate, Dec. 19, 2016--Egelko, Bob Bay Area lawmakers are proposing to raise $300 million for low-cost housing in California by eliminating the state tax deduction for mortgage interest on second homes, a proposal that will test the strength of Democrats' newly won two-thirds legislative majority.

Albany Times-Union (N.Y.), Dec. 19, 2016--Karlin, Rick While stressing the need for security, James Bopp, legislative committee chairman for the New York Mortgage Bankers Association and others had concerns about an expansive set of rules proposed by the state Department of Financial Services that would require banks, insurance companies and others regulated by the department to establish cybersecurity programs that would protect against breaches and notify consumers if their accounts are hacked.

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