The Lede
Top National News
Deutsche Bank Looking to Cut Back U.S. Mortgage Securitization: Sources
Reuters, Nov. 18, 2016--Schuetze, Arno ; Jones, Kathrin; Ionova, Mariana
Deutsche Bank is looking to cut its loan securitization business further starting with repackaged U.S. mortgages as the lender braces for a large fine for alleged mis-selling of such debt.
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Bank Pledges $30B in Community Investments, Lending
Dayton (Ohio) Daily News, Nov. 18, 2016--Gnau, Thomas
Fifth Third Bank pledged Friday to boost its community lending and investment commitments by $2.5 billion to $30 billion over the next four years.
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Is the ‘Trump Tantrum’ Mortgage Rate Spike Driving Buyer Urgency?
Inman, Nov. 18, 2016--Feeney, Caroline
Economists say the anticipation of Trump's pledged spending plans and tax cuts have investors anticipating some inflation and a dose of adrenaline to the economy--and therefore there's been some market volatility.
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Nomura, RBS Appeal U.S. Judge’s $839 Million Mortgage Bond Award
Reuters, Nov. 18, 2016--Raymond, Nate
A U.S. appeals court appeared unlikely on Friday to overturn an order requiring Nomura Holdings Inc and Royal Bank of Scotland Group Plc to pay $839 million for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac.
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New American Funding Expands in Arizona
HousingWire, Nov. 18, 2016--Ramirez, Kelsey
The company said the new location seeks to target the area's large Hispennial--Hispanic Millennial--population.
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Lenders Struggle With Affordability Issues, Too
UExpress, Nov. 18, 2016--Sichelman, Lew
The lending business is fretting, loudly, about the affordability squeeze being placed on potential customers.
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Not Enough Real Estate Agents Are ‘Culturally Sensitive’
HousingWire, Nov. 18, 2016--Gaffney, Jacob
In the coming decades, the rate of homeownership among Hispanics and Asians will roughly double, and the housing industry is not ready, a panel of experts said Friday.
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Insurer AIG in Mortgage Lending Push
Financial Times Nov. 20, 2016--Gray, Alistair
The insurer AIG is to make a push into residential property loans with plans to make "direct investments" in mortgages.
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Culture Behind Best Mortgage Employers
Mortgage Daily, Nov. 18, 2016--Garcia, Sam
Several mortgage bankers and mortgage service providers were among companies recently recognized as best employers. Culture was cited among some for their elevated status.
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Mortgage Rates Highest Since July ’15
Wall Street Journal, Nov. 20, 2016--Andriotis, Annamaria
The sudden jump in mortgage rates is bad news for borrowers-and lenders.
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Where Do We Begin to Solve the Affordable Housing Problem? Here are Some Suggestions
Miami Herald, Nov. 20, 2016--Graziano, Anthony
The way we measure housing affordability in our economy is flawed, and provides a distorted picture of the affordability crisis.
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