The Lede

Top National News

Mortgage Applications Up 8.8% as Buyers Look to Lower Rates
CNBC, Nov. 27, 2016--Olick, Diana Defying expectations for the start of 2016, mortgage rates spiraled down further last week, spurring more volume in the mortgage market. Total applications increased 8.8 percent on a seasonally adjusted basis last week from the previous week, according to the Mortgage Bankers Association.
Full Story
TRID: A Thorn in the Mortgage Industry’s Side
MortgageOrb.com, Jan. 27, 2016--Barnard, Patrick It's been almost four months since the Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosure rules took effect on Oct. 3, and although it would be sensationalist to say that the complex set of rules has devastated the mortgage industry, as some predicted it would, there is solid evidence, at this point, that the rules are delaying closings, slowing originations and increasing the average cost per loan for mortgage lenders.
Full Story
New U.S. Single-Family Home Sales Race to 10-Month High
Reuters, Jan. 27, 2016--Mutikani, Lucia New U.S. single-family home sales surged in December to their highest level in 10 months, the latest indication that the housing sector remains on a firmer footing despite a massive stock market sell-off and slowing economic growth.
Full Story
Fed Signals Concern About Economic Outlook
Wall Street Journal, Jan. 27, 2016--Hilsenrath, Jon; Leubsdorf, Ben The Federal Reserve signaled renewed worry about financial-market turbulence and slow overseas economic growth but didn't rule out raising short-term interest rates in March.
Full Story
Hanging with “Mr. Cooper”? Nationstar’s Big Move Revealed
HousingWire, Jan. 27, 2016--Lane, Ben Signs are beginning to emerge that the rebranding of Nationstar Mortgage is upon us. According to multiple sources, Nationstar is preparing to launch a new brand that would be unlike any other in the mortgage space.
Full Story
RBS Expects to Report an Annual Loss for 2015
New York Times, Jan. 27, 2016--Bray, Chad The Royal Bank of Scotland said on Wednesday that it would report an annual loss for 2015 after taking a series of charges to close a deficit in its pension plan and to resolve past misconduct.
Full Story
Outlook for Commercial Real Estate Growth through 2018 Looks Bright
MyNewsLA.com, Jan. 27, 2016--Sklar, Debbie Despite higher interest rates and slower economic growth, confidence on the part of developers indicates a positive outlook for commercial real estate growth through 2018, according to a survey released Wednesday by UCLA economists.
Full Story
HSBC Curbs Mortgage Offering to Chinese Citizens in U.S.
Reuters, Jan. 28, 2016--Dilts, Elizabeth; Gordon, Julie Europe's biggest lender HSBC will no longer provide mortgages to some Chinese nationals who buy real estate in the United States, a policy change that comes as Beijing is battling to stem a swelling crowd of citizens trying to get money out of China.
Full Story
FirstSource Buys U.S.-Based IGSN’s Mortgage BPO Business
The Economic Times (India), Jan. 28, 2016--Mendonca, Jochelle Business process outsourcing company FirstSource said it acquired US-based mortgage service provider ISGN's BPO business, as it looks to expand into higher-margin services.
Full Story
FHUD Collection of Reverse Mortgage Counseling Data Could Improve Process
The Huffington Post, Jan. 27, 2016--Lazar, Michael HUD is requesting approval to collect information of consumers who have participated, as mandated by law, in the Home equity Conversion Mortgage counseling sessions.
Full Story
Deutsche Bank Reports First Full-Year Loss Since Crisis
Wall Street Journal, Jan. 28, 2016--Strasburg, Jenny Deutsche Bank AG on Thursday reported a loss for the fourth quarter and 2015, as expected, with weakness in its investment bank adding to the burdens of mounting legal and restructuring costs.
Full Story

Residential Finance News

Commercial/Multifamily News

MBA News