The Lede

Top National News

U.S. Industrial Output Jumps in June at Fastest Rate in Eleven Months
MarketWatch, July 15, 2016--Robb, Greg Production Up 0.6% After Revised 0.3% Drop in May
Full Story
Study: Recent Changes to Reverse Mortgage Rules Cut Default Risk in Half
HousingWire, July 15, 2016--Lane, Ben Center for Retirement Research study lauds new HECM rules.
Full Story
Rate-Starved U.S. Banks Happily Gobble Mortgage Business
Reuters, July 18, 2016--Henry, David Low rates bringing in new, repeat borrowers.
Full Story
Mortgage Lending on Track for Best Year Since 2013
HousingWire, July 15, 2016--Lane, Ben Fitch says first mortgages, home equity loans up in 1Q.
Full Story
Risk Retention Rattles Commercial Mortgage Market
National Mortgage News, July 15, 2016--Collins, Brian New requirements could disrup commercial mortgage-backed securities market.
Full Story
Senate Passes Bipartisan FHA Condo Reform Bill
National Mortgage News, July 15, 2016--Collins, Brian Bill includes major reforms to FHA condo program, Rural Housing Service program.
Full Story
PNC’s Mortgage Unit Returns to Profitability on Hedge Gain
National Mortgage News, July 15, 2016--Finkelstein, Brad Company's mortgage income rebounded in 2Q.
Full Story
Building Permit Delays Choke U.S. Housing Supply, Study Shows
Wall Street Journal, July 16, 2016--Kirkham, Chris Trulia study says local delays in permit approvals hamper housing supply.
Full Story
As Rates Sink, Housing Bubbles Rise
Wall Street Journal, July 16, 2016--Mackrael, Kim Low rates fuel threat of housing bubbles around world.
Full Story
Washington State Invalidates Common Mortgage Provision
Associated Press, July 17, 2016--Johnson, Gene Court rules loan servicers cannot change locks on delinquent loanholders, clears way for class action.
Full Story
U.S. Consumer Price Index Rose 0.2% in June vs. 0.3% Increase Expected
Reuters, July 15, 2016--Mutikani, Lucia Consumers paid more for housing, gas, health care.
Full Story
Rents Continue Surge, Prompting New Affordability Ideas
MarketWatch, July 15, 2016--Riquer, Andrea Housing market imbalances impact consumer budgets.
Full Story
Drop in Home Mortgage Costs a Surprise for Lenders and Economists
Dallas Morning News, July 15, 2016--Brown, Steve Predicting mortgage rates can be a fool's game.
Full Story
Tax Credit Certificates on the Rise
UExpress, July 15, 2016--Sichelman, Lew The certificates help low-, moderate-income buyers offset interest.
Full Story
Citigroup Profit Beats Estimates on Fixed-Income Rebound
Bloomberg, July 15, 2016--Campbell, Dakin Credit costs fall 15% with fewer 2Q loan defaults.
Full Story
Wells Fargo Earnings in Line with Expectations
HousingWire, July 15, 2016--Ramirez, Kelsey Loan growth drives net interest income to $66 million in 2Q.
Full Story
RE/MAX: Homes Sales Up 9.4 Percent
National Mortgage Professional, July 15, 2016--Hall, Phil Six markets see double-digit yearly increases.
Full Story
Fifth Third’s CRA Downgrade Could Restrict M&A
National Mortgage News, July 15, 2016--Broughton, Kristin Federal Reserve downgrades rating to "needs to improve."
Full Story
Retail Sales Up in June
Los Angeles Times, July 15, 2016--Li, Shan Third straight month of gains.
Full Story

Residential Finance News

Commercial/Multifamily News

MBA News