The Lede

Boston.com, June 27, 2016--Van Voorhis, Scott It's true but a bit counterintuitive. Banks will give you a better interest rate if you buy a more expensive and presumably bigger home.

Bloomberg, June 27, 2016--Yu, Hui-Yong New York's Waldorf Astoria hotel is scheduled to close in spring 2017 so owner Anbang Insurance Group Co. can convert most of its 1,400-plus rooms to condominiums. The luxury hotel, managed by Hilton Worldwide Holdings Inc., will reopen as many as three years later, with about 300 to 500 hotel rooms remaining.

National Mortgage Professional, June 27, 2016--Hall, Phil Sen. Bob Menendez, D-N.J., is planning to introduce the Preventing Abandoned Foreclosures and Preserving Communities Act of 2016, which is designed to address the issue of so-called zombie foreclosures.

National Mortgage News, June 27, 2016--Sinnock, Bonnie The deadline has arrived for mandatory submissions to the Federal Housing Administration's Electronic Appraisal Delivery portal, but as many as one-third of lenders that originate FHA-insured mortgages have yet to use the new system.

National Mortgage News, June 27, 2016--Davis, Paul Berkshire Hills Bancorp in Pittsfield, Mass., has agreed to buy First Choice Bank in Lawrenceville, N.J.

HousingWire, June 27, 2016--Ramirez, Kelsey Low mortgage rates are helping the housing market stay on track despite the rising home prices, according to Freddie Mac.

Reuters, June 27, 2016--Lawder, David U.S. Treasury Secretary Jack Lew said on Monday that policymakers in Britain and other European nations and elsewhere should use all available tools, including fiscal and monetary policy and structural reforms, to boost global demand in the aftermath of the U.K. vote to leave the European Union.

HousingWire, June 27, 2016--Swanson, BrenaAs more people prosper in California's Silicon Valley, it pushes more people out who can't afford the growing costs of the city, leaving behind an alarming housing crisis and astronomical rise in socio-economic inequality.

National Mortgage News, June 27, 2016--Passy, Jacob Fitch Ratings and Clayton Holdings have launched an initiative to review residential mortgage-backed securities deal agents as part of the ratings agency's RMBS master criteria.

National Mortgage News, June 27, 2016--Collins, Brian Big banks have drastically reduced their share of the Federal Housing Administration market, a massive shift that has big implications, according to new analysis by the American Enterprise Institute.

HousingWire, June 28, 2016--Clark, Charles The ability to fund mortgages drives your business, so evaluating your relationships with warehouse providers is essential to your strategy for growth. But what should you be looking for?