The Lede
Top National News
Experts: PHH Court Ruling Bruises CFPB, Wells Fargo Scandal Ensures its Future
GoRion, Oct. 27, 2016--Wisniowski, Charles
Industry observers predict that a recent adverse D.C. appeals court ruling will leave a lasting mark on the Consumer Financial Protection Bureau.
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Feds Seek to Block Release of Fannie Mae and Freddie Mac Memos
Fortune, Oct. 27, 2016--Parloff, Roger
Invoking an emergency procedure, the Justice Department appealed a judge's order that would force the government to turn over documents that might shed light on why Fannie Mae and Freddie Mac were effectively nationalized in August 2012.
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Mortgage Rates Pull Back Ahead of Federal Reserve Meeting
Washington Post, Oct. 27, 2016--Orton, Kathy
After two weeks of spikes, mortgage rates retreated this week, falling back to where they had hovered most of the summer.
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MBA Announces New Directors, Governors and Committee Chairs
National Mortgage Professional, Oct. 27, 2016
The Mortgage Bankers Association announced its new Board of Directors, members of the Residential Board of Governors, members of the Commercial Real Estate/Multifamily Finance Board of Governors and Residential Committee Chairs 2017.
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Barclays Is Trying to Cap U.S. Mortgage Penalty at $2 Billion
Bloomberg, Oct. 27, 2016--Ring, Suzi; Morris, Stephen; Farrell, Greg
Barclays Plc is trying to draw a line at $2 billion in penalties to settle a U.S. investigation into its sale of mortgage securities after it received an opening offer that it considered too high.
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Pressure Building on FHA to Cut Premiums Again
National Mortgage News, Oct. 27, 2016--Collins, Brian
A financial report due out soon could reignite a battle over whether the Federal Housing Administration should again reduce its annual premium.
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U.S. Durable Goods Orders Declined in September
Wall Street Journal, Oct. 27, 2016--Sussman, Anna Louie
U.S. manufacturing appears to have found firmer ground as it closed out quarter.
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Mixed Restaurant Sales Hint at Tough Environment Ahead
National Real Estate Investor, Oct. 27, 2016--Mitchell, Donna
Decent chain restaurant performance figures potentially reassure retail landlords that restaurant tenants still generate foot traffic and sales. But the more important same-store sales metrics can tell a different story.
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Why Credit Scores Are Improving for Previously Foreclosed Borrowers
National Mortgage News, Oct. 27, 2016--Passy, Jacob
Millions of consumers' credit reports will no longer reflect past mortgage problems, which could open up borrowing opportunities for many of them.
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Homeownership Rate Continues to Hover Near 50-Year Low
HousingWire, Oct. 27, 2016--Ramirez, Kelsey
Industry awaits spike in Millennial homeownership.
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Mortgage Firms Warned About HMDA Noncompliance
Mortgage Daily, Oct. 28, 2016
Dozens of mortgage bankers and mortgage brokers have been warned that they might not be in compliance with Home Mortgage Disclosure Act requirements.
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Ocwen Discloses Possible CFPB Action
Mortgage Daily, Oct. 27, 2016
Ocwen Financial Corp. revealed it is working with the Consumer Financial Protection Bureau to avoid actions that could have a material impact on the company.
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Mortgage Rates Down But Poised to Jump
Mortgage Daily, Oct. 27, 2016--Garcia, Sam
Interest rates on residential loans improved nicely over the past week. But recent market activity suggests fixed rates could be higher in the next report.
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Tepid Demand for Ginnie Servicing Rights: How Big a Problem Is It?
National Mortgage News, Oct. 27, 2016--Sinnock, Bonnie
A market that some Ginnie Mae issuers tap to help finance their mortgage operations has a dwindling number of investors.
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Yes, the Economy is Finally Ready for Another Interest Rate Hike
HousingWire, Oct. 27, 2016--Ramirez, Kelsey Should the Fed raise the funds rate in December? The answer is simple: yes.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education Residential Underwriting Basics Webinar Series Begins Oct. 31
Four-Part Series Looks at Eligibility, Income, Credit & Assets, Collateral
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MBA Education Multifamily Property Inspection Workshop in Dallas Nov. 2-3
Learn Best Practices to Meet Fannie Mae/Freddie Mac Requirements
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