The Lede

Top National News

Indiana Takes Aim at Zombie Homes and Foreclosures
IndyStar (Indianapolis), Jan. 19, 2016--Eason, Brian Lawmakers from two of the state's hardest-hit housing markets--Gary and Indianapolis--have introduced four bills this session targeting urban blight, but those hoping for a major overhaul of Indiana's distressed property laws will have to wait at least another year.
Full Story
Global Fears Cast Gloom on the Fed’s Rate Hike Plans
CNN, Jan. 19, 2016--Gillespie, Patrick Global volatility could force the Federal Reserve to pump the brakes this year. Many Wall Street analysts expect only be two rate increases in 2016.
Full Story
Banks Take No Chance on City Law (Lynn, Mass.), Jan. 19, 2016 City lawyers are almost certain the mediation ordinance will face legal challenges from banks. In a December letter to Kennedy, they warned a court battle over the city of Springfield's mediation ordinance could affect Lynn. "Mass Bankers (Massachusetts Bankers Association) made it very clear they will ask the court to stop any mediations in Lynn until such time as the Supreme Judicial Court makes a decision," a city official said.
Full Story
Mortgage Business Settlement Sets Back First Horizon Profits
Commercial Appeal (Memphis, Tenn.), Jan. 19, 2016--Evanoff, Ted Memphis banker First Horizon National Corp. reported income last year of $79.6 million, a sharp decline from 2014's $216.3 million in profits after settling a long-running federal case involving the mortgage business spun off in 2008.
Full Story
Treasury, Other Regulators Move to Speed Collection of Bond-Trading Data
Wall Street Journal, Jan. 19, 2016--Tracy, Ryan; Burne, Katy The U.S. government is moving toward faster collection of data for the $12.8 trillion U.S. Treasury market, boosting oversight of the world's most liquid securities market where trading has grown more volatile in recent years.
Full Story
Goldman Sachs Wants to Make More Giant Loans
Wall Street Journal, Jan. 19, 2016--Baer, Justin Goldman Sachs Group Inc., beset by a steady decline in a fixed-income trading operation that was once its most-reliable source of profits, is turning for help to a business it once eschewed for help: debt financing.
Full Story
Industry at Loggerheads over Need for More FHA Premium Cuts
National Mortgage News, Jan. 19, 2016--Collins, Brian In one corner are groups like the Community Home Lenders Association and the major credit union groups, which are hoping the administration will further cut premiums after a reduction a year ago. On the other are the Mortgage Bankers Association and ICBA, which argue a cut now would be too soon.
Full Story
Appraisal Volume Bodes Well for 2016
HousingWire, Jan. 19, 2016--Swanson, Brena Appraisal volume grew 5% for the week of Jan. 10, following a strong surge the week prior, according to the latest report from a la mode, an appraisal forms software company that tracks appraisal volume.
Full Story
Big Banks Continue Retreat from Mortgages
CNBC, Jan. 19, 2016--Marino, Joe Some big banks are making less on home loans, in part owed to the Fed and its yearslong zero interest rate policy. But the trend also coincides with a rise in nonbank lenders, like Quicken Loans, that have been gobbling up market share in mortgages in recent years.
Full Story

Residential Finance News

Commercial/Multifamily News

MBA News

Black Knight Financial Services’ Closing Insight, Exchange Technologies Awarded MISMO Premiere Certification
MISMO announced that the Closing Insight technology and Exchange services platform from Black Knight Financial Services, a provider of integrated technology, data and analytics to the mortgage and real estate industries, have been awarded Premiere Level certification under the MISMO Software Certification Program.
Full Story