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
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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.
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Rate-Starved U.S. Banks Happily Gobble Mortgage Business
Reuters, July 18, 2016--Henry, David
Low rates bringing in new, repeat borrowers.
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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.
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Risk Retention Rattles Commercial Mortgage Market
National Mortgage News, July 15, 2016--Collins, Brian
New requirements could disrup commercial mortgage-backed securities market.
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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.
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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.
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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.
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As Rates Sink, Housing Bubbles Rise
Wall Street Journal, July 16, 2016--Mackrael, Kim
Low rates fuel threat of housing bubbles around world.
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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.
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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.
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Rents Continue Surge, Prompting New Affordability Ideas
MarketWatch, July 15, 2016--Riquer, Andrea
Housing market imbalances impact consumer budgets.
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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.
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Tax Credit Certificates on the Rise
UExpress, July 15, 2016--Sichelman, Lew
The certificates help low-, moderate-income buyers offset interest.
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Citigroup Profit Beats Estimates on Fixed-Income Rebound
Bloomberg, July 15, 2016--Campbell, Dakin
Credit costs fall 15% with fewer 2Q loan defaults.
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Wells Fargo Earnings in Line with Expectations
HousingWire, July 15, 2016--Ramirez, Kelsey
Loan growth drives net interest income to $66 million in 2Q.
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RE/MAX: Homes Sales Up 9.4 Percent
National Mortgage Professional, July 15, 2016--Hall, Phil
Six markets see double-digit yearly increases.
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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."
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Retail Sales Up in June
Los Angeles Times, July 15, 2016--Li, Shan
Third straight month of gains.
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