The Lede

Top National News

Why Cutting the Mortgage Interest Deduction Is No Longer a Third Rail
National Mortgage News, Oct. 7, 2016--Finkelstein, Brad Mortgage Bankers Association CEO David Stevens noted lower-income borrowers do not itemize on their taxes and can't take advantage of the deduction.
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Hiring in Nonbank Mortgage Sector Slows in August
National Mortgage News, Oct. 7, 2016--Collins, Brian Mortgage Bankers Association economist Joel Kan noted that low interest rates have sustained refinance activity.
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All Signs Point to FHFA Raising Conforming Loan Limits in 2017
HousingWire, Oct. 7, 2016--Swanson, Brena According to the Mortgage Bankers Association, in the second quarter the FHFA's house price index was almost identical to the level of the index in third quarter 2007.
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Quick Takes: Loan Limit Could Rise; Credit Reports Updating
UExpress, Oct. 7, 2016--Sichelman, Lew Wheels are in motion for homebuyers to obtain a little larger mortgage at a little lower interest rate next year.
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The Greatest Home Price Increases Are Found In…
National Mortgage Professional, Oct. 7, 2016--Hall, Phil While home prices in the U.S. have been in a steady and seemingly unstoppable ascension, they are relatively mild compared to the skyrocketing prices seen in other parts of the world.
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The Cities Where Rent Is Rising Fastest
Bloomberg, Oct. 7, 2016--Clark, Patrick Rents for single-family homes are likely to rise by 1.7 percent in the year ending August 2017, according to new data from Zillow.
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Real Estate Investors on U.S. Coasts Target Cheap, Out-of-State Markets
Reuters, Oct. 7, 2016--Randall, David HomeUnion is among a small crop of new companies, including competitors Investability and Roofstock that offer ways to buy, renovate and manage properties in markets that command relatively strong rents compared to their low home prices.
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Fannie Mae: Consumers Begin to Show More Caution in View of Economy
HousingWire, Oct. 7, 2016--Ramirez, Kelsey Consumers are taking a more cautious approach to their view of the economy, according to the latest Fannie Mae Home Purchase Sentiment Index. 
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5 Tips to Minimize Stress in the Mortgage Process
Media Planet, Oct. 7, 2016--Stevens, David MBA President and CEO says a few simple steps can cut anxiety of finding a mortgage.
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Is It Now Time to Finally Raise Conforming Loan Limits?
HousingWire, Oct. 7, 2016--Swanson, Brena Mat Ishbia of United Wholesale Mortgage suggests market could handle an increase of up to $12,000.
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Mortgage Lenders Taking Broader Look at Borrowers’ Credit History
New York Times, Oct. 8, 2016--Carrns, Ann Mortgage lenders scrutinizing more detailed credit data, including details about how the borrower has paid credit-card bills over the previous two years.
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Fed’s Mester Says U.S. Economic Data Consistent with Higher Rates
Reuters, Oct. 7, 2016--Leong, Richard Cleveland Fed Gov. Loretta Mester said current U.S. economic data, including the September payrolls report released on Friday, were consistent with the U.S. central bank considering an increase in interest rates.
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MBA Whole Loan Trading Workshop in Phoenix Nov. 10
Designed for Buyers/Sellers of Whole Loans & Related Servicing Transactions
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