The Lede

Top National News

Homeowners Can Finance Energy Improvements Through New Mortgage Programs
Washington Post, June 15, 2016--Harney, Kenneth Want to put solar panels on your roof? A new program could help make that happen, and because it uses long-term mortgage money, the interest rates are similar to those on a regular home loan--currently less than 4 percent if you've got good credit.
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Online Auction Platforms Move Further into Mainstream Sales
National Real Estate Investor, June 15, 2016--Mattson-Teig, Beth Auction companies saw a spike in popularity as lenders worked to clean up the mess from the bursting of the real estate bubble in both residential and commercial real estate.
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Regina Lowrie: A Leading Force for Gender Equality In Mortgage Banking
The Home Story, June 15, 2016--Curry, Kerry It was the early 1990s, and Regina Lowrie-passionate about the American Dream of homeownership-had hit the glass ceiling at the savings & loan where she had helped build the financial institution's mortgage business. The experience propelled her to put together a business plan and start Gateway Diversified Funding in 1994 with several partners. When she sold her interest in 2006, the lender and Fannie Mae partner had expanded into a national footprint with about $3.2 billion a year in mortgage production.
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New Report Ranks Property Tax Rates
National Mortgage Professional, June 15, 2016--Hall, Phil Bridgeport, Conn., rarely makes the national news--and in this case, it would probably have preferred to remain in relative anonymity. It seems that Bridgeport leads the nation's metro areas with the highest residential property tax rate and is among the highest for commercial property tax rates, according to a new 50-State Property Tax Comparison Study produced by the Lincoln Institute of Land Policy.
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Mortgage Applications Fall 2.4% Despite Lowest Rates in a Year
CNBC, June 15, 2016--Olick, Diana Mortgage application volume decreased 2.4 percent last week from the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association.
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Mortgage Servicing Rights’ Valuations Are Getting Hit
Market Realist, June 15, 2016--Nyitray, Brent Ever since various state regulators and the Consumer Financial Protection Bureau started leaning on Ocwen Financial (OCN), the servicing industry has been under tremendous regulatory pressure.
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Independent Mortgage Companies Now Top Home-Purchase Mortgage Lending
Builder, June 15, 2016 The majority of home-purchase lending is now done by independent mortgage companies, like Quicken Loans, according to analysis by Federal Reserve Board researchers of data collected under the Home Mortgage Disclosure Act.
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Fed Leaves Policy Rate Unchanged, Lowers Outlook for Increases
Wall Street Journal, June 15, 2016--Hilsenrath, Jon; Davidson, Kate The Federal Reserve held its benchmark lending rate steady on Wednesday and officials lowered projections of how much they expect to raise short-term interest rates in the coming years, signs that persistently slow economic growth and low inflation are forcing the central bank to rethink how fast it can move rates higher.
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Lenders Say Growth, Not Compliance, Drives Their Tech Investments
National Mortgage News, June 15, 2016--Passy, Jacob Sales growth was the top reason lenders gave for investing in new technology, according to a new study from sales automation software firm Velocify.
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Bank Rules Not Hindering U.S. Economy: FDIC Chief
Reuters, June 15, 2016--Rucker, Patrick Banking rules meant to protect the U.S. financial system from collapse are not harming the economy or damaging financial markets, the chairman of the Federal Deposit Insurance Corp said on Wednesday, contrary to the views of industry groups.
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U.S. Industrial Output Falls 0.4 Percent in May, Manufacturing Slips
Reuters, June 15, 2016--Dunsmuir, Lindsay U.S. industrial production fell more than expected in May on a decline in utilities output and auto manufacturing, the Federal Reserve said on Wednesday, a sign that the economy may be losing some steam in the second quarter.
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Why China Will Keep Pumping Capital into the US Real Estate Market
Commercial Property Executive, June 15, 2016--Pacurar, Alexandra Chinese investors spent more than $100 billion on U.S. real estate in the last five years, an amount that's expected to double by 2020. Can this pace continue?
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Servicing Values Impacting Borrowers and Lenders; RESPA/CFPB Training and Events
Mortgage News Daily, June 15, 2016--Chrisman, Rob The Mortgage Bankers Association's Quarterly Mortgage Bankers Performance report stated that independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $825 on each loan they originated in the first quarter.
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MGIC CEO Questions the Role of the FHA
HousingWire, June 15, 2016--Swanson, Brena As discussions around the future of the GSEs and possible reductions in mortgage insurance premiums at the Federal Housing Administration start to reach a boiling point, Patrick Sinks, president and CEO of private mortgage insurer MGIC, questioned what FHA's role should be going forward.
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