The Lede
Top National News
MBA: Mortgage Apps Jump Again, Rise 9%
HousingWire, Jan. 20, 2016--Swanson, Brena
Mortgage applications managed to post another increase as more people choose to refinance their homes. Applications grew 9% from one week earlier, according the Mortgage Bankers Association.
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Will Mortgage Deduction Remain Sacred? GOP Candidates Float Change
Fox News, Jan. 20, 2016
When it comes to tax perks, the mortgage interest deduction is the third rail -- typically, no one wants to touch it. But Republican presidential candidate Ben Carson is doing the politically unthinkable and openly talking about getting rid of homeowners' favorite tax favor. And a handful of other candidates are at least talking about making tweaks to the system.
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Blend Wants To Approve Mortgages in Minutes, Not Weeks
Forbes, Jan. 20, 2016--Rao, Leena
Blend wants to help lenders and big banks process mortgages faster. Its pitch is that it can complete the process in a matter of minutes, not weeks. The company, which launched in 2012, goes up against the traditional mortgage process, which evaluates loans via paperwork and traditional methods.
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Rattled Investors Paying a Premium for Long-Term Treasurys
Wall Street Journal, Jan. 20, 2016--Zeng, Min
The global scramble to snap up safer assets intensified Wednesday, sending the yield on the 10-year U.S. Treasury note below 2% and restoring an unusual situation in which investors willingly pay more for longer-term bonds than for an equivalent series of shorter-term securities.
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Are the CFPB and FTC Partners or Rivals?
National Mortgage News, Jan. 20, 2016--Witkowski, Rachel
Overlapping missions and jurisdictions are fueling competition between the Consumer Financial Protection Bureau and the Federal Trade Commission, according to former officials at both agencies.
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Weak U.S. Inflation, Housing Data Lower March Rate Hike Chances
Reuters, Jan. 20, 2016--Mutikani, Lucia
U.S. consumer prices unexpectedly fell in December as the cost of gasoline dropped and rents rose moderately, signs of weak inflation that further diminish expectations of a Federal Reserve interest rate hike in March.
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Fannie Mae: Housing Affordability Will Continue to be a Challenge in 2016
Housing Wire, Jan. 20, 2016--Lane, Ben
The economy will continue growing, mortgage lending standards will ease and household income will rise in 2016, but housing affordability will continue be a challenge thanks to the continued increase in house prices, Fannie Mae said in a new report.
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Emergence of a New Approach to Financing Commercial Loans
New York Law Journal, Jan. 20, 2016--Reilly Jr., Richard; Steiner, Jeffrey Beginning in 2014, collateralized loan obligation transactions consisting of underlying pools of commercial real estate mortgage loans re-emerged as a financing alternative for sponsors of platforms that originate CRE loans.
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Hey Hedge Fund Managers, You Should Have Started a Mortgage REIT
Bloomberg, Jan. 21, 2016--Perlberg, Heather
Mortgage-REIT executives are uniquely positioned when their firms fall on hard times. Unlike at hedge funds and other firms where managers' pay is tied to performance, most mortgage-REIT executives are compensated based on the size of their publicly traded companies, and receive a percentage of total shareholder equity whether they win or lose.
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Red-Hot Property Markets Cool as Rich Investors Retrench
Wall Street Journal, Jan. 20, 2016--Patnaude, Art
Demand for high-end homes in London, New York slows as market turmoil hits global investors.
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Residential Finance News
Commercial/Multifamily News
MBA News
CREF ’16 Returns to Orlando Jan. 31-Feb. 3
Registration is now open for the Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo, Where Market Makers Meet, taking place Jan. 31-Feb. 3 at the Hyatt Regency Orlando.
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