The Lede

Top National News

Fed Sent Record $97.7 Billion in Profits to U.S. Treasury in 2015
Wall Street Journal, Jan. 11, 2016--Leubsdorf, Ben The Federal Reserve handed over a record $97.7 billion in profits to the Treasury Department in 2015, according to preliminary figures released Monday.
Full Story
CMBS Delinquencies Fell to Six-Year Low: Fitch
National Mortgage News, Jan. 11, 2016--Macheel, Tanaya The commercial mortgage-backed securities delinquency rate finished 2015 at a six-year low, said Fitch Ratings.
Full Story
Global Risks are Chief Concern for U.S. Economy: Fed’s Lockhart
Reuters, Jan. 11, 2016--Schneider, Howard Global risks including a slowdown in China and continued low oil prices are now the chief risks to what is an otherwise promising outlook for the U.S. economy, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday.
Full Story
Starboard Renews Pressure on Macy’s to Pursue Real Estate Deals
Bloomberg, Jan. 11, 2016--Turner, Nick Activist hedge fund Starboard Value stepped up pressure on Macy's Inc. to squeeze money out of the department-store chain's real estate, which the firm values at $21 billion.
Full Story Rebrands as Ten-X, the ‘Future of Real Estate’
Housing Wire, Jan. 11, 2016--Lane, Ben When Real Estate Disposition rebranded itself as in 2011, the company led a migration of distressed property auctions online. Since then, the company has expanded its distressed property auction business in both residential and commercial sales and recently became a desired portal for traditional real estate sales as well.
Full Story
Insurers’ Mortgage Holdings Stay Solid, Jan. 12, 2016--Bubny, Paul Insurers' allocations to commercial mortgages showed a slight increase for the first six months of 2015 compared to year-end 2014, while the delinquency rate among these mortgages is bested only by Fannie Mae and Freddie Mac, according to recent figures from the Mortgage Bankers Association.
Full Story
Silicon Valley: We Don’t Trust FICO Scores
Wall Street Journal, Jan. 11, 2016--Rudegeair, Peter A new generation of lenders is challenging the usefulness of one of the bedrocks of the modern financial system: the FICO score.
Full Story
Supreme Court Denies Appeal on Student-Loan Erasure
Wall Street Journal, Jan. 11, 2016--Kendall, Brent; Mitchell, Josh The Supreme Court on Monday turned away an appeal that sought to make it easier to erase student loans in bankruptcy, sidestepping an issue that has become a focal point for consumer advocates and lawmakers as millions of borrowers fall behind on their payments.
Full Story
Chase Edges Closer to Fulfilling $4B Consumer Relief Requirement
HousingWire, Jan. 12, 2016--Swanson, Brena The latest update on JPMorgan Chase's RMBS settlement shows it is nearing its $4 billion requirement in credited consumer relief.
Full Story
Walker & Dunlop Buys Out Fortress in CMBS Joint Venture
National Mortgage News, Jan. 11, 2016--Peters, Andy Walker & Dunlop has agreed to acquire the other half of a commercial mortgage-backed securities joint venture it has with Fortress Investment Group.
Full Story

Residential Finance News

Commercial/Multifamily News

MBA News

MBA Education Presents Mortgage Banking Bound–Careers in Mortgage Lending
MBA Education presents Mortgage Banking Bound--Careers in Mortgage Lending, with upcoming courses this winter.
Full Story