The Lede

Top National News

Stated Income Mortgages Quietly Return to RMBS
GoRion, Oct. 13, 2016--Curry, Kerry Stated income loans all but disappeared after the housing crisis, but they, along with other forms of subprime lending, have quietly returned, albeit often under new terminology.
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How Technology Is Revolutionizing CRE Investing
National Real Estate Investor, Oct. 13, 2016--Chivetta, A.J. Momentum is building toward a tech-driven revolution that promises to provide a much-needed dose of modernization to commercial real estate investing.
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Wells Fargo’s Textbook Case of Botched Crisis Management
Wall Street Journal, Oct. 13, 2016--Glazer, Emily CEO John Stumpf slow to respond to outrage over employee misdeeds, stonewalled senators and irked No. 1 shareholder Warren Buffett
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Small Lenders Worry GSE Moves Will Leave Them Behind
National Mortgage News, Oct. 13, 2016--Collins, Brian The Mortgage Bankers Association wants FHFA to continue to build on its credit risk transfer programs and accelerate the transfer of credit risk to private investors. But it acknowledges FHFA needs to ensure fair access for smaller lenders.
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Mortgage Rates Rise in Anticipation of Federal Reserve Rate Increase Later this Year
Washington Post, Oct. 13, 2016--Orton, Kathy Mortgage rates remain quite low by historical standards, but even a modest increase is sufficient to significantly reduce refinance application volume, said MBA Chief Economist Mike Fratantoni.
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The Foreclosure Crisis Is Over, But Not in Every State
Atlanta Journal-Constitution, Oct. 13, 2016--DiGangi, Christine The housing crisis played out differently state by state, and foreclosure can take a very long time in some jurisdictions.
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Are Men or Women Getting the Better Deal on a Mortgage?
Aol.com, Oct. 13, 2016--Lake, Rebecca Research reveals that while women are statistically better than men at keeping up with their mortgage payments, they're also more likely to pay more for a loan.
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Fed Buys $8 Billion of Mortgage Bonds, Sells None
Reuters, Oct. 13, 2016 The Federal Reserve bought $7.957 billion of agency mortgage-backed securities in the week from Oct. 6 to Oct. 12, compared with $10.901 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.
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Economists Believe a Recession Is Likely Within Next Four Years
Wall Street Journal, Oct. 13, 2016--Zumbrun, Josh In WSJ survey, GDP forecasts are little changed at 2.2% in 2017, 2% in 2018.
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Will CFPB Ruling Spur Banks to Reopen Old Enforcement Actions?
National Mortgage News, Oct. 13, 2016--Berry, Kate Companies weighing whether to reopen past settlements with the Consumer Financial Protection Bureau after a federal appeals court limited the agency's powers may want to think twice, according to industry experts.
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Manhattan Apartment Rents Decline After 35% Surge in Listings
Bloomberg, Oct. 13, 2016--Carmiel, Oshrat Manhattan apartment rents fell last month as landlords' pricing power was hurt by a wave of new listings and tenants who shopped around for better deals.
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U.S. Jobless Claims at 43-Year Low; Import Price Deflation Easing
Reuters, Oct. 13, 2016--Mutikani, LuciaThe number of Americans filing for unemployment benefits held at a 43-year low last week, pointing to sustained labor market strength that could pave the way for the Federal Reserve to raise interest rates in December.
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2 Mortgage Executives Promoted
Mortgage Daily, Oct. 13, 2016--Garcia, Sam Wells Fargo & Co.'s head of home lending Franklin Codel will join the company's operating committee and take over all of consumer lending.
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Another Record Quarter for McLean Mortgage
Mortgage Daily, Oct. 13, 2016 A rise in home lending at McLean Mortgage Corp. pushed quarterly volume.
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New Home Purchase Apps Rise in September: MBA
National Mortgage News, Oct. 13, 2016--Passy, Jacob Loan applications for new home purchases rose 3% in September over the previous year, but continued year-over-year growth could be subdued for the rest of 2016, according to the Mortgage Bankers Association.
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