The Lede
Top National News
Fannie Mae to Begin Requiring Trended Credit Data in June, With Rollout of DU 10.0
National Mortgage Professional, Mar. 7, 2016--Clemans, Terry W.
When Fannie Mae rolls out the Desktop Underwriter Version 10.0 over the weekend of June 25, the mortgage industry will begin using a powerful new tool that has been in development for more than a decade and already proven in other markets.
Full Story
Mortgage Compliance in Perspective
MReport, Mar. 7, 2016--West, Xhevrije
Ocwen Chief Compliance Officer Michael Hollerich discusses compliance trends in the mortgage industry and how the nonbank servicer is creating a revitalized culture of compliance.
Full Story
Why the Fed Isn’t Out of Ammo
Wall Street Journal, Mar. 7, 2016--Lahart, Justin
The Federal Reserve may actually have plenty of ammunition at its disposal for when the next downturn hits. It is just that much of it doesn't fit any of the weapons the central bank has ever used and nobody knows what its dangers might be.
Full Story
Consumers’ Confidence Rises on Housing Market: Fannie
National Mortgage News, Mar. 7, 2016--Peters, Andy
Consumers felt moderately confident about the housing market in February, Fannie Mae said.
Full Story
New Data Plumbs the Hipster Aspect of Housing
National Mortgage Professional, Mar. 7, 2016--Hall, Phil
Who says that housing market data has to be a dreary, quotidian experience? Two new data reports place an emphasis on the fun side of housing.
Full Story
Brainard Urges Patience at Fed as Fischer Sees Inflation Signs
Bloomberg, Mar. 7, 2016--Torres, Craig
Federal Reserve Governor Lael Brainard said the U.S. economy isn't immune to global risks and called for careful adjustments to the policy rate to preserve the expansion.
Full Story
MBA Adds Lionel Lynch as VP of Strategic Member Relations
National Mortgage Professional, Mar. 7, 2016
Lynch is responsible for strengthening and managing relationships with senior executives of MBA member companies in order to maximize the value of their MBA membership and engagement.
Full Story
Mortgage Delinquencies Experience Atypical January Spike
DS News, Mar. 7, 2016--Honea, Brian
Most of the news regarding housing fundamentals has been positive in the last two years or so. But mortgage delinquencies rose month-over-month in January for the first time since the housing recovery began.
Full Story
Are No Fee Reverse Mortgages A Reality?
Huffington Post, Mar. 7, 2016--Lazar, Michael
Some lenders are actually competing by offering no-fee reverse mortgage loans these days, and it's not a bad idea for the banks that are involved.
Full Story
Housing Market Takes On Split Levels
Wall Street Journal, Mar. 8, 2016--Light, Joe
Lower-priced homes sell quickly while inventory on the higher end piles up.
Full Story
CFPB Takes on Marketplace Lenders
HousingWire, Mar. 7, 2016--Wheeler, Sarah
The Consumer Financial Protection Bureau is now accepting consumer complaints about online marketplace lenders, the bureau reported Monday. It also released a consumer bulletin to educate consumers about this type of lending.
Full Story