The Lede
Top National News
Spike in Mortgage Rates Throws a Wrench Into U.S. Housing Market
Bloomberg, Nov. 15, 2016--Golle, Vince; Gopal, Prashant
The spike in borrowing costs in response to President-elect Donald Trump's pro-growth agenda is causing some heartburn in America's housing industry.
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Six Property Types Strong Enough to Thrive in a Recession
National Real Estate Investor, Nov. 15, 2016--Bell, Diana
One thing is sure: eventually every commercial real estate cycle winds down. But which property types might be good hedges against an economic downturn?
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FHA Fund Jumps Again, Fueling Demands for Premium Cut
National Mortgage News, Nov. 15, 2016--Collins, Brian
The Federal Housing Administration's insurance fund saw its fourth consecutive annual boost in its ratio of reserves to insured mortgages, reaching 2.32% in fiscal year 2016, HUD said.
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FHA Financial Picture Improves, Despite Reverse Mortgage Losses
Reverse Mortgage Daily, Nov. 15, 2016--Ecker, Elizabeth
The financial condition of the Federal Housing Administration's Mutual Mortgage Insurance Fund improved in fiscal year 2016, despite reverse mortgage volatility that dragged on its portfolio.
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North of the Border, A Housing Crisis Could Be Brewing
GoRion, Nov. 15, 2016--Bourgi, Sam
Canada may be dealing with a housing crisis, forcing Ottawa to enact new mortgage rules to tighten the market.
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New Home Purchase Applications Increase 8% in October
National Mortgage News, Nov. 18, 2016--Passy, Jacob
Mortgage applications for new home purchases increased in October from a year ago, along with the average loan size, according to the Mortgage Bankers Association.
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Ask Eli: Trump’s Impact On Local Real Estate
ARL Now (Va.), Nov. 15, 2016--Tucker, Eli
MBA Vice President of Economics Lynn Fisher said mortgage rate volatility will continue.
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Quicken Loans Gets FHA Loan Violation Lawsuit Relocated to Detroit
HousingWire, Nov. 15, 2016--Swanson, Brena
A judge granted on Monday that the Quicken Loans landmark case against the Department of Justice and HUD could transfer to the Eastern District Court in downtown Detroit.
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Mortgage Originations Soar at Caliber Home Loans
Mortgage Daily, Nov. 15, 2016
A surge in quarterly residential lending activity was reported by Caliber Home Loans Inc. As well, the mortgage banking firm grew its servicing portfolio and added to its human resources.
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Trouble Brewing in Commercial Real Estate
Wall Street Journal, Nov. 15, 2016--Grant, Peter
Defaults are rising in a key corner of the commercial real-estate debt market just as borrowing costs are set to jump.
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Strong U.S. Retail Sales Reinforce December Interest Rate Hike
Reuters, Nov. 15, 2016--Mutikani, Lucia
U.S. retail sales rose more than expected in October as households bought motor vehicles and a range of other goods, pointing to sustained economic strength that could allow the Federal Reserve to raise interest rates next month.
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Major LOS Enhancements, Integrations
Mortgage Daily, Nov. 15, 2016--Garcia, Sam
In addition to a host of integrations between various mortgage service providers and loan origination systems, major enhancements have been made to a major LOS.
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Donald Trump: The Housing Market’s Latest Threat
Wall Street Journal, Nov. 15, 2016--Russolillo, Steven
The average 30-year fixed-mortgage rate jumped to 4% on Monday, up nearly half a percentage point since the election.
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Critics Still Unhappy with Fannie, Freddie Conservatorship
HousingWire, Nov. 15, 2016--Ramirez, Kelsey
Future of GSEs still uncertain under a Trump administration.
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Failed Bank CEO Gets 14 Months for Trying to Scam $13M in TARP Funds
HousingWire, Nov. 15, 2016--Lane, BenEarlier this year, a federal jury found Brian Hartline, the former president and CEO of NOVA Bank, guilty of criminally defrauding the government.
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What a Trump-Branded Federal Reserve Might Look Like
Bloomberg, Nov. 16, 2016--Duy, Timothy A.
Trump can nominate two governors to fill open positions on the Fed Board immediately. Yellen's position as chair expires Feb. 3, 2018. Trump previously stated he would replace her with a Republican. That would be a third spot.
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MBA Education Essentials of Servicing Transfers Webinar Today
Learn New Rules, Regulations on Mortgage Servicing Rights, Other Servicing Issues
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