The Lede
Top National News
Existing Home Sales Increased to Highest Pace in Nearly 10 Years
HousingWire, Nov. 22, 2016--Ramírez, Kelsey
October brought an autumn revival to the housing market.
Full Story
Tight Credit Prevented 1.1M Mortgages in 2015: Urban Institute
National Mortgage News, Nov. 22, 2016--Passy, Jacob
Tight lending standards resulted in 1.1 million fewer mortgages being originated than if looser requirements were in place, the Urban Institute reported.
Full Story
FCC Denies Petition by Mortgage Bankers Association to Exempt Certain Mortgage Servicing Calls from Prior Express Consent Requirement
National Law Review, Nov. 22, 2016--Phillips, Laura
The FCC denied a Mortgage Bankers Association petition that sought an exemption from the FCC's prior express consent requirement for non-telemarketing mortgage servicing calls to wireless numbers. MBA had urged the grant of such an exemption for mortgage servicing calls.
Full Story
Ending CFPB’s ‘Spanish Inquisition’ of Banks Will Boost Mortgage Market, Expert Says
CNBC, Nov. 22, 2016--Wang, Christine
Regulation is "headed in the right direction after years of punitive punishment" from Washington, Kroll Bond Rating Agency Head of Research Chris Whalen said on CNBC's Halftime Report on Tuesday.
Full Story
Trump Effect Sends 30-Year Mortgage Rates to 10-Month High
GoRion, Nov. 22, 2016--Bourgi, Sam
Donald Trump's surprise election victory sent U.S. Treasury rates soaring, leading to a sharp rise in all types of loans, including mortgages.
Full Story
Huntington Bank Adding Ohio Jobs
Mortgage Daily, Nov. 22, 2016
The banking subsidiary of Huntington Bancshares Inc. is adding a thousand Ohio jobs. The additional staffing includes positions in mortgage banking.
Full Story
Agency Fall Out Home Loans for Sale
Mortgage Daily, Nov. 22, 2016
Several dozen scratch-and-dent mortgages that are currently performing but don't meet agency requirements are being auctioned off.
Full Story
How Attractive is the Stretch Senior Loan?
National Real Estate Investor, Nov. 22, 2016-Bell, Diana
As alternative lenders step up their activity this year, the stretch senior loan is a hybrid product that borrowers can turn to.
Full Story