The Lede

Top National News

Utilities: the Forgotten Cost
UExpress, Mar. 18, 2016--Sichelman, Lew Most homebuyers base what they are going to be spending every month for their new digs on how much they are borrowing and the interest rate they're paying. But if that's all they consider, they are missing a big component of their monthly housing costs--their utilities.
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TRID’s First Five Months
Builder Magazine, Mar. 18, 2016--Croce, Brian It's been more than five months since the Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosure (TRID) went into effect with the main goal of simplifying the home closing process for consumers. The result--a lot of moving parts.
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BlackRock’s Rieder Sees Opportunity in Commercial Mortgage Debt
Bloomberg, Mar. 18, 2016--Willmer, Sabrina Rick Rieder, chief investment officer of global fixed income at BlackRock Inc., said some securitized debt, including commercial mortgages, is among the most attractive opportunities in an environment of moderating growth.
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U.S. Consumer Sentiment Slips in March
Wall Street Journal, Mar. 18, 2016--Sparshott, Jeffrey Consumer confidence fell in March amid concerns about rising gasoline prices and the broader economy. The University of Michigan preliminary consumer sentiment index for March, released Friday, registered at 90.0, compared with a final February reading of 91.7.
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MGM, Dubai World Sell Las Vegas Mall to Simon, Invesco for $1.1 Billion
Wall Street Journal, Mar. 18, 2016--Hufford, Austen MGM Resorts International and Dubai World's Infinity World Development Corp. will sell a Las Vegas luxury shopping center to mall operator Simon Property Group Inc. and Invesco Ltd. for about $1.1 billion, the latest payoff on a bet to remake the Las Vegas Strip.
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Servicers Need More Experienced Points of Contact: Counselors
National Mortgage News, Mar. 18, 2016--Collins, Brian As servicers downsize their loss mitigation units, housing counselors are finding the companies' designated points of contact are less experienced, making it more difficult to get packages approved for troubled borrowers.
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Fannie Mae Announces Largest Credit Insurance Risk Transfer Deal
HousingWire, Mar. 18, 2016--Swanson, Brena Fannie Mae announced its first Credit Insurance Risk Transfer transactions of 2016, shifting the credit risk on pools of single-family loans with a combined unpaid principal balance of approximately $19.5 billion to a group of insurers and reinsurers.
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Bullard Says Fed’s Goals Largely Met, Rates Should Edge Up
Reuters, Mar. 19, 2016--Jackson, Lucas The U.S. central bank's inflation and employment goals have essentially been met and it would be "prudent" to edge interest rates higher, St. Louis Fed President James Bullard said on Friday.
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CFPB Mortgage Rules Strangle Banks’ Profits by 60%
Reverse Mortgage Daily, Mar. 20, 2016--Oliva, Jason Independent mortgage banks are starting to feel the sting from the Consumer Financial Protection Bureau's new mortgage rules enacted last fall, particularly on their bottom lines, the Mortgage Bankers Association reported.
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New Math on Reverse Mortgages
Wall Street Journal, Mar. 20, 2016--Powell, Robert The reverse mortgage has won some new respect.
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Residential Finance News

Commercial/Multifamily News

MBA News

MBA Mortgage Banking for the IT Professional Workshop Apr. 3
MBA Education presents its Mortgage Banking for the IT Professional Workshop on Sunday, Apr. 3 at the JW Marriott LA Live in Los Angeles, in conjunction with the MBA National Technology in Mortgage Banking Conference & Expo.
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