The Lede

Top National News

Freddie Mac: Mortgage Market Soaring in 2016, Will Fall Back in 2017
HousingWire, Oct. 20, 2016--Lane, Ben Freddie Mac continues to believe that mortgage lending is on track for a big year this year, but now expects the market to tap the brakes in 2017.
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Bank Legal Costs Cited as Drag on Economic Growth
Wall Street Journal, Oct. 20, 2016--Burne, Katy; Viswanatha, Aruna Fines on banks translate into $5 trillion of "reduced lending capacity," bank says.
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Home Purchase Financing Estimate Raised for 2015
Mortgage Daily, Oct. 20, 2016 Freddie Mac's estimate of last year's volume of loans to finance home purchases has been raised by more than $50 billion, though it came at the expense of refinances.
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MSRs on Nearly $3 Bil in Agency Loans For Sale
Mortgage Daily, Oct. 20, 2016 Bids are now being accepted for mortgage servicing rights on as much as $3 billion in home loans backed by the housing finance agencies.
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Detroit’s Struggling Housing Market Gets a Boost
Wall Street Journal, Oct. 20, 2016--Maher, Kris; Kusisto, Laura Initiatives help renovate homes, lift prices and assist buyers; closing the 'appraisal gap.'
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Mortgages, Cards and Cost Cuts Lead Fifth Third Chief’s Agenda
American Banker, Oct. 20, 2016--Peters, Andy Greg Carmichael, who has been on the job nearly a year as Fifth Third's CEO, has started putting his stamp on the company by aggressively trimming branches in favor of mobile, seeking to build up its consumer credit business and retooling the balance sheet.
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Why Are Mortgage Delinquencies Spiking Among Older Americans?
DS News, Oct. 20, 2016--Baer, Kendall Mortgage delinquency rates rise for US consumers beyond a certain age, according to a recent report from analytic software firm FICO. 
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Here’s Why Housing Remains a Bright Spot in the Economy
HousingWire, Oct. 20, 2016--Ramirez, Kelsey Market to transition to purchase-dominated mix.
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CBO: Fannie Mae and Freddie Mac Should Keep $5 Billion in Profits Per Year
HousingWire, Oct. 20, 2016--Gaffney, Jacob The Congressional Budget Office set forth an examination of both a legislative and non-legislative reform proposal for Fannie Mae and Freddie Mac.
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Industry Pushes for a Greater TRID Overhaul
Scotsman Guide, Oct. 20, 2016--Whitman, Victor The Mortgage Bankers Association and other industry trade groups asked the Consumer Financial Protection Bureau to go further in its cleanup of TRID.
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Bank of America Doubles Down on 3% Down Mortgages Without Insurance
HousingWire, Oct. 20, 2016--Lane, Ben Expands "Affordable Loan Solution" for low- and moderate-income homebuyers.
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Mortgage Industry Divided Over GSE Risk-Sharing Deals
National Mortgage News, Oct. 20, 2016--Collins, Brian The mortgage industry remains deeply uneasy with efforts by Fannie Mae, Freddie Mac and their regulator to experiment with front-end credit risk transfers.
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Fannie to Offer ‘Day 1’ Rep & Warranty Relief
National Mortgage News, Oct. 20, 2016--Kilgore, Austin; Sinnock, Bonnie Fannie Mae is preparing to offer immediate representation and warranty relief to lenders that use its suite of automated quality-assurance technology.
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Mortgage Rates Expected to Stay Put for Months
Mortgage Daily, Oct. 20, 2016--Garcia, Sam Multiple short-term and long-term forecasts have fixed rates remaining where they are now for months.
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A Tale of Two Marketplace Loan Bond Deals
GoRion, Oct. 20, 2016--Mitchell, Donna Summer might be a season when equity investors take a breather, but capital markets investors were warming up to bonds secured by online marketplace loans.
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U.S. Jobless Claims Climbed in Week Following Hurricane Matthew
Wall Street Journal, Oct. 20, 2016--Morath, Eric The jump could reflect a hurricane striking the Southeast and a bounce back after touching a four-decade low. 
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Existing Home Sales Up, Along with Mortgage Rates
National Mortgage Professional, Oct. 20, 2016--Hall, Phil First-time buyers were responsible for 34 percent of sales in September, up from 31 percent in August and 29 percent a year ago. 
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Mortgage Rates Reach their Highest Level in Four Months
Washington Post, Oct. 20, 2016--Orton, Kathy But their ascent may be short-lived. With the bond market leveling off this week, mortgage rates may settle in. 
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MBA News

MBA Education Releases HMDA, Diversity Resource Guides
Comprehensive Guide to New HMDA Rule
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