The Lede
Top National News
How Easy Will It Be For Donald Trump to Dismantle Dodd-Frank?
GoRion, Dec. 13, 2016--Bourgi, Sam
Donald Trump made it clear on the campaign trail that we need to dismantle Dodd-Frank. Now that he has been elected president, how easy will the reform process be?
Full Story
How Rising Mortgage Rates May Not Matter for Housing
CNBC, Dec. 13, 2016--Olick, Diana
Mortgage rates now sit solidly at the highest level in two years and could move even higher in the coming weeks. But there is great debate over whether rising rates really matter to housing.
Full Story
Is CRE Past Market Peak?
National Real Estate Investor, Dec. 13, 2016
Based on NREI's November survey of industry professionals, fewer commercial real estate insiders believe that the market is at its peak than was the case in October.
Full Story
Here’s How a Fed Rate Hike Will Impact Mortgage Payments in 12 Major US Cities
Business Insider, Dec. 13, 2016--Perumal, Prashanth
Zillow calculated how a rate hike this week would affect mortgage payments in 12 major U.S. metros by comparing payments for a mortgage with a 4.0 percent rate to one with a 4.25 percent rate.
Full Story
CoStar Sues Longtime Competitor Xceligent, Alleging Data Theft
Wall Street Journal, Dec. 13, 2016--Grant, Peter
Real estate data company CoStar Group took direct aim at competitor Xceligent with a lawsuit alleging Xceligent has been involved in "brazen and widespread theft" of CoStar data and photos. Xceligent denied the charge.
Full Story
SoFi’s Debut Prime Jumbo RMBS Is Big Play on Silicon Valley
National Mortgage News, Dec. 13, 2016--Fest, Glenn
SoFi Lending Corp.'s securitization of its student loan refis for high net worth individuals is now a model for its recent expansion into super prime jumbo mortgages.
Full Story
New Home Purchase Loan Applications Up 12% in November
National Mortgage News, Dec. 13, 2016--Passy, Jacob
Mortgage applications for new home purchases rose 12% year over year in November, according to data from the Mortgage Bankers Association.
Full Story
Report: Housing Not Adequate for Growing Boomer Population
Houston Chronicle, Dec. 13, 2016--Mulvaney, Erin
An aging population will mean increased demand for affordable, accessible housing over the next two decades that isn't available in the current market, a report released Tuesday from Harvard University found.
Full Story
Manhattan Apartment Sales Prices Top $2 Million for First Time: Survey
Reuters, Dec. 14, 2016--Lash, Herbert
The opening of 432 Park Avenue, a 96-story tower marketed by developers as the tallest residential building in the Americas, had an outsized effect on prices, said CityRealty research director Gabby Warshawer.
Full Story
Credit Suisse Must Face New York Mortgage Suit, Court Says
Bloomberg, Dec. 13, 2016--Dolmetsch, Chris
Credit Suisse Group AG must face New York Attorney General Eric Schneiderman's $10 billion lawsuit accusing the bank of fraud in the sale of mortgage-backed securities before the 2008 financial crisis, a state appeals court ruled Tuesday.
Full Story
It’s Time for an Office of National Housing Policy
National Mortgage News, Dec. 13, 2016--Montgomery, Brian
Collingwood vice chairman and former FHA commissioner calls for new housing office to coordinate housing policy.
Full Story
Stanford Kurland to Step Down as PennyMac CEO
National Mortgage News, Dec. 13, 2016--Passy, Jacob
Kurland is not leaving the companies though: He will assume the role of executive chairman at both. In this position, he will lead PennyMac's corporate strategy, organizational development and governance, the company said Tuesday.
Full Story
Homeowners Nearly Hit the Mark on Estimating Home Prices
HousingWire, Dec. 13, 2016--Ramirez, Kelsey
Homeowners are getting better about estimating their home's value for the fifth month in a row, according to Quicken Loans Home Price Perception Index.
Full Story
Monthly Ginnie Mae MBS Issuance Dips
Mortgage Daily, Dec. 13, 2016
Monthly operational data indicate that there were $1.7506 trillion in outstanding Ginnie Mae mortgage-backed securities as of Nov. 30.
Full Story
Defaulted Mortgage Liquidation Timelines Improve
Mortgage Daily, Dec. 13, 2016
The amount of time it takes to liquidate a securitized defaulted mortgage appears to have peaked, and the timeline is starting to decline.
Full Story
Residential Finance News
Commercial/Multifamily News
MBA News
MBA National Mortgage Servicing Conference & Expo in Dallas Feb. 14-17
Three Days; Unlimited Light Bulb Moments.
Full Story