The Lede

Top National News

U.S. Housing Market Recap: Groundbreaking, Existing Home Sales Hit 9-Year Highs in October
GoRion, Dec. 6, 2016--Bourgi, Sam Residential housing enjoyed a strong upswing ahead of the presidential election, with existing home sales and new real estate projects surging to their highest levels since the housing bubble.
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Mortgage Outlook: Mostly Good News
Kiplinger's Personal Finance, Dec. 6, 2016--Mertz Esswein, Pat Interest rates could rise, but down payments are manageable.
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Wall Street as Landlord: Blackstone Going Public with a $10 Billion Bet on Foreclosed Homes
Wall Street Journal, Dec. 6, 2016--Dezember, Ryan Invitation Homes IPO will test investors' interest in the idea that the rental-home business can be institutionalized as apartments were before.
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Fed May Struggle to Signal What Comes After December
Wall Street Journal, Dec. 6, 2016--Torry, Harriet Officials are likely to indicate they are sticking with their plan to raise rates gradually until the new government's policies become clearer.
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Trump vs. Cordray: The Battle Ahead
National Mortgage News, Dec. 6, 2016--Berry, Kate The Consumer Financial Protection Bureau and its director Richard Cordray are on a collision course with President-elect Donald J. Trump in what could become a legal showdown over the limits to executive power.
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Fair Housing Group Sues Fannie Mae over Alleged Discrimination
National Mortgage News, Dec. 6, 2016--Passy, Jacob The National Fair Housing Alliance and 20 local fair housing groups have filed a lawsuit in federal court against Fannie Mae over its maintenance and marketing of foreclosure properties.
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Blackstone’s Schwarzman Sees Historic Regulatory Overhaul From Trump
Reuters, Dec. 6, 2016--Freed, Dan  Blackstone Group Chairman and CEO Steve Schwarzman said he expects a "very substantial reversal of regulations of all types" for the financial sector following Donald Trump's presidential election.
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Trump’s Immigration Policy Could Devastate the Housing Market
National Mortgage News, Dec. 6, 2016--Acosta, Gary Co-founder and CEO of the National Association of Hispanic Real Estate Professionals warns Trump Administration pledge to deport 11 million people would damage the housing industry.
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Credit Standards to Ease Due to Rising Rates
Mortgage Daily, Dec. 6, 2016 Credit standards for loans included in residential mortgage-backed securities are expected to loosen next year as interest rates rise.
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Mortgage Firms Make Executive Appointments
Mortgage Daily, Dec. 6, 2016--Garcia, Sam Fannie Mae reported on Nov. 28 that George Haywood has been elected to its board of directors.
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CashCall Cuts Mortgage Staffing
Mortgage Daily, Dec. 6, 2016 A recent round of layoffs at CashCall Inc. has been attributed to seasonal and market factors that are expected to impact the entire home-lending industry.
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Battle Lines Form Over Popular Mortgage Interest Deduction
Roll Call, Dec. 6, 2016--Ota, Alan K. Homebuilders and lenders are preparing to defend the mortgage interest deduction as the incoming Trump administration and Congress weigh potential adjustments to one of the most popular tax sweeteners. David Stevens, president of the 2,400-member Mortgage Bankers Association, said in an interview that his group has serious concerns about any potential changes, including any attempt to lower the loan principal cap.
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MBA’s Stevens: Don’t Overreact to Trump Official
Scotsman Guide, Dec. 6, 2016--Whitman, Victor The president of the nation's largest mortgage banking trade group said that the industry shouldn't overreact to recent statements by Treasury Secretary-designate Steven Mnuchin that the Trump administration will move quickly to privatize Fannie Mae and Freddie Mac and make other key changes to housing finance policy.
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Rising Mortgage Rates Light A Fire Under Home Buyers
The Mortgage Reports, Dec. 7, 2016 While not totally unexpected, higher mortgage rates have caught today's home buyer off guard.
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Kuwaiti Fund Buys Newark, N.J., Tower That Houses Panasonic North America
Wall Street Journal, Dec. 6, 2016--Morris, Keiko KFH Capital Investment pays $165 million for building that drew interest from investors in Malaysia, China, Japan and the Middle East.
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Modernize FHA, Cut Taxes, Modify TLAC: Big Banks’ Wish List for Trump
National Mortgage News, Dec. 6, 2016--Broughton, Kristin; Peters, Andy And that was only the beginning. Bank CEOs speaking in New York provided a long list of financial reforms that they would like to see under the incoming Trump administration.
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