The Lede

Top National News

Boston Fed Chief Says Policy May Need to Adapt to ‘New Normal’ Economy
Wall Street Journal, Oct. 14, 2016--Harrison, David Federal Reserve Bank of Boston President Eric Rosengren called the economic recovery since 2009 slow and full of surprises.
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Getting Rid of PMI
UExpress, Oct. 14, 2016--Sichelman, Lew There are circumstances in which private mortgare insurance can be canceled--but only at your request.
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Industry Split on FHA Insurance Premium Cuts
Scotsman Guide, Oct. 14, 2016--Whitman, Victor MBA President David Stevens said FHA's insurance fund still has not achieved a level of stability to warrant another reduction at this time. He's also against removing a post-recession rule that requires borrowers to hold insurance for the life of the loan.
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´╗┐Bond Investors Question U.S. Pilot Program for Mortgage Insurers
Bloomberg, Oct. 14, 2016--Scully, Matt; Light, Joe Bond investors including AllianceBernstein Holding LP are criticizing a proposal from Fannie Mae and Freddie Mac designed to transfer more of their risk to insurance companies. 
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Wells Fargo Profit Beats Estimates as Mortgage Revenue Rises
Bloomberg, Oct. 14, 2016--Keller, Laura J. Wells Fargo & Co., the lender whose chief executive officer stepped down this week amid a scandal in its branch network, posted third-quarter profit that beat analysts' estimates as loan-loss provisions improved and revenue from mortgage banking increased.
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U.S. Retail Sales Rose 0.6%, Pointing to Confident Consumers
Wall Street Journal, Oct. 14, 2016--Leubsdorf, Ben A rebound from August's decline signals consumers continue to support growth.
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White House Is Sticking With SEC Chief Mary Jo White
Wall Street Journal, Oct. 14, 2016--Ackerman, Andrew White House spokesman Eric Schultz on Friday reaffirmed the president's support for the top U.S. markets cop, hours after Sen. Elizabeth Warren, D-Mass.) called for her firing in a letter to President Obama.
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Walter Ditches Ditech President as New CEO Streamlines Leadership
National Mortgage News, Oct. 14, 2016--Finkelstein, Brad David Schneider, who became Ditech Financial's president in February, is no longer with the lender as parent company Walter Investment Management streamlines leadership under its new CEO, Anthony Renzi.
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Consumers Less Confident than Any Time Since Last Year
HousingWire, Oct. 14, 2016--Ramirez, Kelsey Fall seen in households with annual income under $75,000.
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U.S. Producer Prices Rose in September on Energy, Food Costs
Associated Press, Oct. 14, 2016 U.S. producer prices rose in September, as wholesale energy and food costs increased. But overall inflation appears to be limited, as has been the case for several years.
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U.S. Business Inventories Advance 0.2% in August
MarketWatch, Oct. 14, 2016--Bartash, Jeffry American businesses increased inventories by a modest 0.2% in August as they continue to work down an excessive build up last year, the government reported Friday.
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Forecast: Strongest and Weakest Housing Markets for Next Year
HousingWire, Oct. 14, 2016--Ramirez, Kelsey A rise in housing markets in the Northwest, and a cooling in the West in previously hot markets such as San Francisco.
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Is the Market for New York Apartments Softening?
New York Times, Oct. 15, 2016--Kaysen, Ronda The housing market in New York is not what it was a year ago. Gone are the days when you could list your apartment for 20 percent more than the last comparable sale and watch the offers roll in over the next couple of days.
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Holiday Drives Down New Mortgage Activity
Mortgage Daily, Oct. 14, 2016 As expected, new residential lending activity slowed during the holiday week, with purchase financing and refinancing activity both taking a similar hit. Jumbo business fared worst.
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Developer Sees Manhattan Office Tower as a New Landmark
Wall Street Journal, Oct. 16, 2016--Morris, Keiko SL Green's One Vanderbilt will stand next to Grand Central Terminal and will soar over the Chrysler Building.
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MBA News

MBA Education Introduction to Mortgage Banking Nov. 1-15
Course Dates: November 1, 3, 8, 10, 15
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