The Lede

Top National News

America’s Dying Shopping Malls Have Billions in Debt Coming Due
Bloomberg, June 16, 2016--Mulholland, Sarah; Evans, Rachel  A wave of debt from the last decade's borrowing binge is coming due for shopping centers. Nearly $47.5 billion of loans backed by retail properties will mature over the next 18 months, coinciding with a tighter market for commercial-mortgage backed securities, where many such properties are financed.
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Conversation With: Emmitt Smith, E Smith Realty Partners
D Magazine, June 16, 2016--Perez, Christine Like his role model Roger Staubach, football great Emmitt Smith has parlayed success in football to success in commercial real estate.
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Why Some Banks Are Hurt More Than Others by Falling Rates
Wall Street Journal, June 16, 2016--Back, Aaron Bank stocks have taken a beating as long-term interest rates sink ever lower. But not all lenders are equally exposed.
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MBA Warns Members of E-mail Scam
National Mortgage Professional, June 16, 2016--Hall, Phil Members of the Mortgage Bankers Association are being advised to be on the alert for an online scam that masquerades as a financial transfer transaction.
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Mortgage Rates Plummet to Three-Year Lows
Washington Post, June 16, 2016--Orton, Kathy Mortgage rates were predicted to rise this year, but every time they start to wander higher, something causes them to retreat. "Conventional refinance application activity picked up slightly due to the rate drop, but purchase activity dropped sufficiently to cause an overall drop in mortgage application volume for the week," said Mike Fratantoni, MBA chief economist.
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Distressed Sales Continue to Decline
National Mortgage Professional, June 16, 2016--Hall, Phil There is nothing distressing about the latest data regarding distressed home sales. According to CoreLogic, distressed sales accounted for 9.9 percent of total U.S. home sales in March, down 2.7 percent year-over-year drop and a 1.7 percent dip from February.
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Lax FHFA Oversight Leads to Cost Overruns on Fannie’s New HQ: Watchdog
National Mortgage News, June 16, 2016--Finkelstein, Brad Lax oversight may have played a part in rising costs to finish the space Fannie Mae will be renting for its new headquarters, a report from the Federal Housing Finance Agency Office of the Inspector claims.
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Capital Economics: What’s Keeping Home Prices from Rising Even Higher?
HousingWire, June 16, 2016--Swanson, Brena Home prices have consistently increased by nearly 5% year-over-year for the majority of the past two years, but this percentage could be severely off according to a new report from Capital Economics. The report said given current housing conditions, past experience suggests that house prices should be rising at double their current rate of 5%.
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Redfin: Homes Now Selling Faster than Ever
HousingWire, June 16, 2016--Ramirez, Kelsey The housing market increased to its fastest pace on record in May, according to Redfin, a real estate brokerage. The average home went under contract after 42 days, a decrease of one week from last year.
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U.S. Inflation Firms Amid Rising Gas Prices, Rents
Wall Street Journal, June 16, 2016--Leubsdorf, Ben U.S. inflation continued to firm last month as higher gasoline prices and rapidly rising rents more than offset a drop in grocery prices.
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Initial Jobless Claims Increased More Than Forecast Last Week
Bloomberg, June 16, 2016--Stilwell, Victoria Jobless claims increased more than expected last week, reflecting a jump in California that otherwise masked steady progress in the U.S. labor market.
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Mortgage Refis Return as Interest Rates Plummet
Wall Street Journal, June 17, 2016--Andriotis, Annamaria; Glazer, Emily Falling long-term bond yields are pressuring banks, but there is a potential bright spot: Lower rates are spurring people to refinance mortgages and buy new homes.
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MBA News

MBA Education Staying Current on UDAAP Enforcement & Developments June 27
MBA Education presents a webinar, Staying Current on UDAAP Enforcement & Developments, on Monday, June 27 from 2:00-3:30 p.m. ET.
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