The Lede
Top National News
Real Estate’s Ticking Bomb: Who Gets Hurt
CNBC, Mar. 10, 2016--Olick, Diana
Good fundamentals are driving commercial real estate rents higher. But there is a catch that could cool the market quickly, at least when it comes to financing: investors are insisting on high yield, and the bonds backing commercial mortgages are not giving them that, so they are moving on to other products and leaving a big crack in commercial financing.
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How the Big Bank Mortgage Settlements Help Homeowners
Wall Street Journal, Mar. 10, 2016--Rexrode, Christina; Glazer, Emily
Billions of dollars from bank settlements are going to homeowners--but the path to get it into their hands can be complicated.
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More Economists See Fed Waiting Until June to Raise Rates
Wall Street Journal, Mar. 10, 2016--Davidson, Kate
Most economists surveyed by The Wall Street Journal expect the Federal Reserve to leave short-term interest rates unchanged at its next two policy meetings, and next raise them in June.
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MBA: Applications for New Home Purchases Increased 24% In February
MortageOrb.com, Mar. 10, 2016
Applications for mortgages for new home purchases increased by 24% on an unadjusted basis in February compared with January, according to the Mortgage Bankers Association's (MBA) Builder Application Survey.
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Mortgage Rates Move Higher for Second Straight Week
Washington Post, Mar. 10, 2016--Orton, Kathy
Mortgage rates moved higher for the second week in a row, according to the latest data released Thursday by Freddie Mac.
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The Most Expensive Cities in the World to Live
Wall Street Journal, Mar. 10, 2016--Timiraos, Nick
A stronger dollar has propelled New York and Los Angeles into an annual ranking of the world's 10 most expensive cities. Singapore took the top spot in the ranking from the Economist Intelligence Unit for the third straight year, followed by Zurich and Hong Kong.
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A Copacetic Data Day for Housing
National Mortgage Professional, Mar. 10, 2016--Hall, Phil
There was more positive news via the Mortgage Bankers Association Builder Application Survey, which found mortgage applications for new home purchases in February increased by 24 percent from January.
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Subprime Securitization Is Back, But It’s Not What It Was
National Mortgage News, Mar. 10, 2016--Sinnock, Bonnie
QRM clarified the rules of the road for securitizations. Now, participants in the MBS world seeking better margins are looking beyond the safe harbor--to the subprime space.
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Americans’ Home Wealth Recovers $7 Trillion as Prices Firm
Bloomberg, Mar. 19, 2016--Matthews, Steve
The 2006-2009 housing slump reduced wealth by $7 trillion. Since then, the value of homeowners' equity in real estate has more than doubled from a low in the first quarter of 2009, a Federal Reserve report today showed. What's more, housing wealth is poised to reach a new record as early as the second quarter.
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U.S. Jobless Claims Hit Five-Month Low as Labor Market Strengthens
Reuters, Mar. 10, 2016--Mutikani, Lucia
Americans filing for unemployment benefits fell more than expected last week, hitting its lowest level since October, pointing to sustained strength in the labor market that should further dispel fears of a recession.
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U.S. Mortgage Bankers Brace For A Wave of Refinancings
Bloomberg, Mar. 10, 2016
With U.S. mortgage rates near their lowest level since April and showing signs of falling further, some lenders are preparing for another refinancing wave, an unexpected development after the Federal Reserve began hiking short-term interest rates in December.
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How to Hire Millennials in Today’s Aging Mortgage Industry
HousingWire, Mar. 10, 2016--Messerli, Kristin
From flexible schedules to an emphasis on teamwork, today's workforce is looking for specific job environments that their predecessors and current superiors may not have perceived as top priorities.
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What Crisis? Big Ratings Firms Stronger Than Ever
Wall Street Journal, Mar. 10, 2016--Martin, Timothy W.
S&P, Moody's and Fitch issue more than 95% of global bond ratings, and profits are nearing record highs.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Compliance Essentials TCPA Compliance: Overview and Challenges Mar. 23
MBA Education presents another in its popular Compliance Essentials series. The webinar, TCPA Compliance: Overview and Challenges, takes place on Wednesday, Mar. 23 from 2:00-3:30 p.m. ET.
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MBA Education Credit Risk Transfer/Risk-Sharing and Your Business Webinar Mar. 21
MBA Education and Fannie Mae present a Webinar, Credit Risk Transfer/Risk-Sharing and Your Business, on Monday, Mar. 21 from 2:00-3:00 p.m. ET.
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FFIEC Cybersecurity Assessment Tool Deep Dive Workshop Mar. 17
MBA Education presents its popular FFIEC Cybersecurity Assessment Tool Deep Dive Workshop on Thursday, Mar. 17 at Jones Day in Washington, D.C.
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