The Lede

Boston Agent Magazine, Jan. 4, 2016--McClister, James Following the Oct. 3 implementation of the new disclosure rules, Richard Cordray, director of the Consumer Financial Protection Bureau, compared the fears surrounding TRID to those inspired by Y2K. But after receiving a letter from the Mortgage Bankers Association, the CFPB responded in a letter of its own (addressed to MBA President and CEO David Stevens) this time with a much more reassuring message.

Wall Street Journal, Jan. 4, 2015--Leubsdorf, Ben Nobel laureates, Federal Reserve policy makers and other top economists converged on San Francisco for the American Economic Association's annual conference, which began Sunday and runs through Tuesday. One topic of discussion: the state of the U.S. economy and its prospects at the start of a new year.

National Mortgage Professional, Jan. 4, 2015--Hall, Phil Mike Oxley, an Ohio Republican who chaired the House Financial Services Committee for six years and co-authored the landmark Sarbanes-Oxley Act of 2002, died on New Year's Day at his home in McLean, Va., from lung cancer at age 71.

National Mortgage News, Jan. 4, 2015--Peters, Andy The delinquency rate on commercial mortgage-backed securities rose slightly in December, according to Trepp. The rate of U.S. commercial real estate loans embedded in CMBS that were delinquent rose 4 basis points in December to 5.17%, compared to November, Trepp said.

National Mortgage News, Jan. 4, 2015--Finkelstein, Brad Rather than relying on a formal marketing services agreement to get business, loan officers now have to prove that they can provide realty agents and consumers the best mortgage experience.

Inman News, Jan. 4, 2015--Buffini, Brian The real estate market is always changing, and the growing reliance on technology in our industry makes it move even faster. Buyers and sellers search for homes and communicate differently than they did just two decades ago.

Bloomberg, Jan. 4, 2015--Miller, Rich Federal Reserve Vice Chairman Stanley Fischer sounds concerned that the central bank may lack some key tools needed both to prevent another financial crisis and to contain the fallout should one occur.

Reuters, Jan. 4, 2015--Mutikani, Lucia U.S. manufacturing contracted further in December as lower oil prices undercut spending in the energy sector while construction spending fell in November for the first time in nearly 1-1/2 years, suggesting the economy ended 2015 with less momentum.

HousingWire, Jan. 4, 2015--Swanson, Brena A federal judge tossed out Quicken Loans' lawsuit against the U.S. Department of Justice and the Department of Housing and Urban Development that alleged the lender was being forced to make public admissions that were blatantly false, as well as pay a penalty or face legal action.

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