The Lede
Top National News
Mnuchin Said to Be Top Treasury Pick Among Trump’s Advisers
Bloomberg, Nov. 14, 2016--Moshin, Saleha; Cirilli, Kevin; Jacobs, Jennifer
Former Goldman Sachs Group Inc. partner Steven Mnuchin has been recommended by Donald Trump's transition team to serve as Treasury secretary, sources said.
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J. Ronald Terwilliger: Momentum for Housing Policy Change is Growing
HousingWire, Nov. 14, 2016--Gaffney, Jacob
Retired Trammell Crow Residential CEO says he expects stagnant housing issues to breakout in the coming year.
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Future of CFPB in Play as Warren Digs In
National Mortgage News, Nov. 14, 2016--McKendry, Ian
Sen. Elizabeth Warren, D-Mass., delivered a blunt message to fellow Democrats on Monday, warning them not to support efforts to restructure the Consumer Financial Protection Bureau.
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Mary Jo White to Step Down as SEC Chief
New York Times, Nov. 14, 2016--Protess, Ben; Stevenson, Alexandra
The decision makes White the first major Obama administration appointee to step down after Donald J. Trump's upset victory last week. Other financial regulators are expected to follow suit in the coming weeks.
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Full Repeal of Dodd-Frank Unlikely
Philadelphia Inquirer, Nov. 14, 2016--Mondics, Chris
President-elect Trump made plain his dislike for the Dodd-Frank Wall Street Reform and Consumer Protection Act financial regulatory law during the campaign and now it appears his administration will move quickly toward making changes.
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MSRs On $1.8 Billion in Ginnie Loans for Sale
Mortgage Daily, Nov. 14, 2016
The proposed transaction includes MSRs on 7,237 GNMA II residential loans that had a collective outstanding principal balance of $1.819 billion as of Nov. 9.
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Movement Mortgage Originations Up, Staffing Grows
Mortgage Daily, Nov. 14, 2016
A modest improvement was made by Movement Mortgage LLC in its quarterly loan production. In addition, the home lender grew its staffing and mortgage servicing.
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Audit of U.S. Stress Test Ready, May Aid Dodd-Frank Overhaul Fight
Reuters, Nov. 14, 2016--Rucker, Patrick
An independent study of the financial costs and benefits of Wall Street 'stress tests' could be released as soon as Tuesday and may strengthen calls to reform U.S. banking rules, sources said.
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CFPB’s Arbitration, Payday Plans May Be Derailed, Gutted
National Mortgage News, Nov. 14, 2016--Berry, Kate
The Consumer Financial Protection Bureau's contentious rulemakings on arbitration and payday lending may be in jeopardy with the change in administrations and continued GOP control of Congress.
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How Trump Can Improve The FHA 203(k) Mortgage Program
OurBroker.com, Nov. 14, 2016--Miller, Peter G.
One of the most-useful financial options in real estate is the FHA 203(k) loan, a handy bit of mortgage magic that deserves a lot more attention than it gets.
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Two Potential Trump HUD Secretaries Are Touted
National Mortgage Professional, Nov. 14, 2016--Hall, Phil
Politico says Pamela Patenaude of Bipartisan Policy Center under consideration; Daily Caller says Westchester (N.Y.) county executive Rob Astorino in mix.
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Is Donald Trump Right That Banks Can’t Lend?
Wall Street Journal, Nov. 14, 2016--Reilly, David; Demos, Telis
Donald Trump wants to spur bank lending by dismantling the 2010 Dodd-Frank regulatory overhaul. That again raises the question of whether banks in the wake of the financial crisis are unable or unwilling to lend, holding back economic recovery, or if the problem is that borrowers haven't wanted to borrow more.
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New Political Reality Could Shake Up Nation’s Mortgage Market
The Real Deal (N.Y.), Nov. 14, 2016--Hall, Miriam
Potential changes to banking regulations and rising interest rates under a Trump presidency could upend the mortgage market in the United States.
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Some Mortgage REITs to Benefit from Trump Policies
Barron's, Nov. 14, 2016--Stone, Amey
Analysts at FBR & Co. expect commercial mortgage real estate investment trusts to be among the beneficiaries of a Trump presidency as interest rates rise.
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Serious Delinquency Mortgages at Lowest Levels Since 2007
World Property Journal, Nov. 14, 2016
The Mortgage Bankers Association reports delinquency rates for first mortgages fell to 4.52 percent at the end of the third quarter.
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Zillow: Mortgage Interest Rates Skyrocket After Trump Victory
HousingWire, Nov. 14, 2016--Lane, Ben
The stock market isn't the only thing that's on the rise since Trump won; mortgage interest rates are skyrocketing as well.
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Panic in Housing Market as Trump Effect Pushes mortgage Rates to 4%
CNBC, Nov. 14, 2016--Olick, Diana
More selling in U.S. bond markets Monday pushed mortgage rates to a psychological breaking point.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Mortgage Action Alliance Post-Election Advocacy Update Today
MBA Breaks Down Election, Offers 2017 Outlook
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