The Lede

Top National News

Fannie Mae to Send $2.9 Billion to Treasury as Profit Grows
Wall Street Journal, Feb. 19, 2016--Dulaney, Chelsey; Light, Joe Fannie Mae will send $2.9 billion to the U.S. Treasury Department in March, as profit grew in its fourth quarter because of the impact of increased interest rates.
Full Story
Five Multifamily Markets Recommended for Exits
National Real Estate Investor, Feb. 19, 2016--Bell, Diana Though analysts expect strong momentum in the multifamily sector this year, a handful of markets bear watching. In these markets economic indicators including employment and wage growth are stagnating and vacancy and rent growth are not in tune.
Full Story
Here’s Proof Your Cybersecurity Efforts Might Totally Fail
HousingWire, Feb. 19, 2016--Wheeler, Sarah The threat of a security breach is real and growing. Experts on a panel at the Mortgage Bankers Association Mortgage Servicing conference on Thursday outlined the threat trends facing the mortgage industry and what companies could do to make their companies safer from a cyber attack.
Full Story
MBA: Mortgage Delinquency Rate Fell To 4.77% In Q4
MortgageOrb, Feb. 19, 2016 The delinquency rate (30 days or more past due) for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.77% of all loans outstanding at the end of the fourth quarter, according to the Mortgage Bankers Association's National Delinquency Survey.
Full Story
GSEs May Need Future Bailouts as their Reserves Continue to Dwindle, FHFA Director Warns
Scotsman Guide, Feb. 19, 2016--Whitman, Victor Federal Housing Finance Agency Director Mel Watt warned this week that the government's course of eliminating Fannie Mae and Freddie Mac's capital buffers could lead to future taxpayer bailouts of the government-sponsored enterprises that could destabilize the housing market.
Full Story
U.S. Consumer Prices Flat in January, But Offer Glimmer of Inflation
Wall Street Journal, Feb. 19, 2016--Davidson, Kate U.S. consumer prices were unchanged in January but rose over the past year at the fastest clip since October 2014, a sign inflation may be firming despite a strong dollar and continued slide in energy prices.
Full Story
Report: Loan Closings Are Taking Longer to Achieve
National Mortgage Professional, Feb. 19, 2016--Hall, Phil This year started off on a very slow foot for loan closings, according to the latest Origination Insight Report from Ellie Mae, which found the average time close purchase loans and refinance loans expanded one day in January to 51 and 47, respectively.
Full Story
Treasury Boosting Hardest Hit Fund by $2 Billion, Extends Program to 2020
HousingWire, Feb. 19, 2016--Lane, Ben The Treasury Department announced Friday it is boosting the Hardest Hit Fund by as much as $2 billion to a number of states, citing the need to continue to support the recovery from the housing crisis in the communities that were impacted the most.
Full Story
Bipartisan Vote Bodes Well for Condo Buyers
The Oklahoman, Feb. 19, 2016--Harney, Kenneth R. Everybody knows that congressional Democrats and Republicans can barely agree on anything. Yet in a rare and fleeting moment of unanimity in the House of Representatives, they recently approved legislation that could expand purchase prospects for thousands of people looking to buy their first home.
Full Story
Obama Administration Tussles With Students Over Debt Relief
Bloomberg, Feb. 19, 2016--Kitroeff, Natalie The Obama administration put forward a plan that could fundamentally alter the way the government confronts claims of fraud by student debtors.
Full Story
Firming U.S. Inflation Keeps Fed Rate Hike on the Table
Reuters, Feb. 19, 2016--Mutikani, Lucia Rising rents and healthcare costs lifted underlying U.S. inflation in January by the most in nearly 4-1/2 years, signs of a pick-up in price pressures that could allow the Federal Reserve to gradually raise interest rates this year.
Full Story
Closings Gone Wrong: From the Funny to the Frightening
UExpress, Feb. 19, 2016--Sichelman, Lew Buying a house is a journey that ends at the closing table, with a mountain of papers that most people don't read, and never will. But sometimes, the trip doesn't end where it should.
Full Story
Former FHA Commissioner Carol Galante Joining Ocwen’s Board of Directors
HousingWire, Feb. 19, 2016--Lane, Ben Ocwen Financial is about to add a big name to its board of directors, as the nonbank announced Friday that Carol Galante, the former commissioner of the Federal Housing Administration, is set to join the company's board.
Full Story
FHA Steals Fannie’s Thunder on Low Down Payment Loans
National Mortgage News, Feb. 19, 2016--Collins Brian Fannie Mae's low down payment product has fallen far short of expectations, the company acknowledged Friday. Federal Housing Finance Agency Director Mel Watt announced the initiative at the 2014 Mortgage Bankers Association conference, saying it would "increase access for creditworthy but lower-wealth borrowers."
Full Story
Mortgage Company to Sponsor TV Show for Veteran Housing
HousingWire, Feb. 19, 2016--Thompson, Kelsey A mortgage company announced that it will be a sponsor on a TV show airing on Lifetime in February and March. Carrington Mortgage Services will be sponsoring Designing Spaces, Military Makeover.
Full Story
CFPB Pledges Leeway in Early TRID Exams
National Mortgage News, Feb. 19, 2016--Sinnock, Bonnie The Consumer Financial Protection Bureau acknowledges that gearing up for the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosures has been tough, and it promises to consider that fact in exams.
Full Story

Residential Finance News

Commercial/Multifamily News

MBA News