The Lede

Top National News

Mortgage Rates Retreat Over Global Economic Concerns
Washington Post, Jan. 14, 2016--Orton, Kathy Mortgage rates retreated for the second week in a row, according to the latest data released Thursday by Freddie Mac.
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Home Buyers Not Using New Mortgage Shopping Tool
Herald-Courier (Bristol, Va.), Jan. 14, 2016--Harney, Kenneth R. If you're planning to buy a home with a mortgage in 2016, you're virtually certain to encounter a new consumer-friendly federal disclosure--the Loan Estimate. But the question is: Will you use it as a shopping tool? Based on interviews with a group of large and small lenders plus real estate brokers, the answer may well be: Probably not.
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Life in the Post-Subprime Mortgage Era
Mississippi Business, Jan. 14, 2016--Wilmesherr, Ed Reading between the lines of the Dodd-Frank Act, it was easy to see Congress was not satisfied with the job the bank regulatory agencies had done in the run up to the 2007-2008 banking crisis.
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JPMorgan’s Dimon Sounds Caution on Economy
Wall Street Journal, Jan. 14, 2016--Glazer, Emily; Rudegeair, Peter JPMorgan Chase & Co.'s bankers and traders took pay cuts. Bad energy loans are piling up. And Chief Executive James Dimon said major parts of the economy are "obviously" going to get worse.
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Home Prices Forecast to Grow, Mortgage Rates Sink Again
National Mortgage Professional, Jan. 14, 2016--Hall, Phil Tomorrow will be a healthy time for the U.S. housing market, according to a new forecast issued by Fitch Ratings. However, today is not the healthiest of days, at least according to Freddie Mac's latest reporting on fixed mortgage rates.
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Why Reverse Mortgage Lenders Are Upbeat About 2016
National Mortgage News, Jan. 14, 2016--Collins, Brian The reverse mortgage industry is optimistic after recent reforms to the Home Equity Conversion Mortgage by the FHA and newfound respect from financial planners.
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Chase 4Q Mortgage Earnings Down 21% on Lower Revenue
National Mortgage News, Jan. 14, 2016--Finkelstein, Brad JPMorgan Chase reported a 21% drop in year-over-year earnings for its mortgage business as revenue dropped 10%.
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Top Companies Gear up to Manage Advanced eClosings
HousingWire, Jan. 14, 2016--Verkuylen, Al The author, with ServiceLink, said while lenders are expected to benefit tremendously from eClosings, title and settlement companies are beginning to lead the way.
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Manhattan Packing More Workers into Less Office Space
Bloomberg, Jan. 14, 2016--Levitt, David M. Companies are seeking to pack more workers into smaller spaces, a trend that's having an impact on office occupancy in Manhattan.
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Fed to Hike Rates Three Times in 2016, Economic Outlook Subdued: Poll
Reuters, Jan. 14, 2016--Ramesh, Aaradhana; Cassella, Megan The Federal Reserve will raise interest rates only three times this year as it faces a more subdued outlook for both the U.S. and world economies, a Reuters poll of economists said.
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U.S. Jobless Claims Rise; Import Prices Sharply Weaken
Reuters, Jan. 14, 2016--Mutikani, Lucia The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained at levels associated with a healthy labor market. Other data on Thursday showed import prices tumbled in December for a sixth straight month, weighed down by lower oil prices and a strong dollar.
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Goldman Sachs Agrees to $5 Billion Mortgage Settlement
Fortune, Jan. 14, 2016--Gandel, Stephen Goldman Sachs on Thursday said it reached an agreement in principal to resolve a long running government investigation into its sales of residential mortgage bonds in the run up to the financial crisis. The total settlement is just over $5 billion, and will include $1.8 billion in consumer mortgage relief.
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Shift in Inflation Expectations Clouds Interest-Rate Outlook
Wall Street Journal, Jan. 14, 2016--Leubsdorf, Ben; Hilsenrath, Jon Investors show growing doubt that the Federal Reserve will successfully spur inflation back up to its desired level-a change in expectations that could slow the pace of interest-rate increases by the central bank.
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