The Lede
Top National News
Uncertainty a Certainty for 2017
Colorado Real Estate Journal, Oct. 31, 2016--Riggs, Alexandra
2017 holds one thing for certain: uncertainty.
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Opinion: Why the Federal Reserve Shouldn’t Take the Lead in Raising Interest Rates
MarketWatch, Oct. 31, 2016--DeLong, J. Bradford
There are still no signs of excess demand and high inflation.
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Mortgage Originations Expected To Fall In 2017
OurBroker.com, Oct. 31, 2016--Miller, Peter G.
Figures from the Mortgage Bankers Association estimate that lenders nationwide will originate mortgages worth $1.89 trillion this year, a big jump from $1.68 in 2015.
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South Bronx Residents Fear Displacement As Real Estate Booms
The Gothamist, Oct. 31, 2016--Teicher, Jordan
As home prices have surged in upper Manhattan, Mott Haven, just a short hop across the Harlem River, has become the next logical hotspot for prospective buyers.
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There Are 5.6 Million Cheap Apartments in America. Not for Long
Bloomberg, Oct. 31, 2016--Clark, Patrick
There are fewer obstacles to developers seeking to take unsubsidized apartments upmarket-and out of reach for poor renters.
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U.S. Consumer Spending Ends Third Quarter with Strong Momentum
Reuters, Oct. 31, 2016--Mutikani, Lucia
U.S. consumer spending rose more than expected in September as households boosted purchases of motor vehicles and inflation increased steadily, which could bolster expectations of an interest rate hike from the Federal Reserve in December.
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NAR: More Single Women Buying Homes
HousingWire, Oct. 31, 2016--Ramirez, Kelsey
Single-women also increased their share in the market, hitting levels not seen since 2011, according to the National Association of Realtors' annual Profile of Home Buyers and Sellers survey.
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Yes, Home Prices Are Up Again
National Mortgage Professional, Oct. 31, 2016--Hall, Phil
Home prices in August rose 0.3 percent from July and 5.3 percent on a year-over-year basis, according to the latest Home Price Index report from Black Knight Financial Services.
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Wells Fargo Agrees to $50 Million Settlement over Homeowner Fees
Reuters, Oct. 31, 2016--Aubin, Dena
Wells Fargo & Co. agreed to pay $50 million to settle a racketeering lawsuit accusing it of overcharging hundreds of thousands of homeowners for appraisals ordered after they defaulted on their mortgage loans.
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Mortgage Exec Appointments Include C-Suite Jobs
Mortgage Daily, Oct. 31, 2016--Garcia, Sam
Forty-year mortgage veteran Jack Lloyd was named president of Heartland Mortgage.
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Prosperity Home Mortgage Staffing, Lending Slips
Mortgage Daily, Oct. 31, 2016
Despite a quarter-over-quarter decline in home lending and staffing at Prosperity Home Mortgage LLC, both metrics were up from a year earlier.
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MSRs on Nearly $1 Billion in Agency Loans For Sale
Mortgage Daily, Oct. 31, 2016
Bids are being accepted for mortgage servicing rights on nearly $1 billion in agency home loans. The portfolio has a significant concentration in New York.
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What to Watch at This Week’s Fed Meeting
Wall Street Journal, Nov. 1, 2016--Davidson, Kate A December rate increase is widely expected, but some Fed officials are wary of signaling they are likely to move at a particular date.
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What Was Kevin Costner Doing at MBA Annual? Swinging for the Fences with His Investment
HousingWire, Oct. 31, 2016--Wheeler, Sarah
Movie star's stake in Lender Price goes beyond being "a hood ornament."
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education School of Mortgage Banking in Birmingham, Ala. Nov. 29-Dec. 2
Popular Course Takes Place at Bradley Arant Boult Cummings
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