The Lede

Top National News

MBA Opens Doors Foundation Honors Pulte Mortgage
National Mortgage Professional, Oct. 28, 2016 Employees at Pulte Mortgage have staged more than one dozen events to support the Opens Doors Foundation in the past year alone, including a farmers' market, a 5K fun run/walk, office games and charitable concerts.
Full Story
Shadow Banks are Taking Over the Mortgage Market Again
CNBC, Oct. 29, 2016--Cox, Jeff Shadow banks are on the cusp of taking the lead from their commercial counterparts in the mortgage market, new data suggests, a phenomenon that hasn't been seen since the 2008 financial crisis. 
Full Story
U.S. Consumer Confidence Slides in October
Wall Street Journal, Oct. 28, 2016--Sparshott, Jeffrey U.S. consumer confidence matched its lowest level in two years in October as concerns about the economy grew ahead of the coming presidential election.
Full Story
Purchases Overcome Weekly Mortgage Slump
Mortgage Daily, Oct. 28, 2016 Mortgage refinance transactions were behind a weekly decline in new residential lending activity. But financing activity for home shoppers managed an increase.
Full Story
EverBank Home Lending Creeps Up, Servicing Down
Mortgage Daily, Oct. 28, 2016 Modest increased in quarterly residential loan originations reported by EverBank Financial Corp. The company's mortgage servicing portfolio diminished. 
Full Story
Freddie Eases Income Requirements
Mortgage Daily, Oct. 28, 2016 Among the changes being made are alternatives being added for the borrower's signature on tax returns such as a signed IRS Form 8879.
Full Story
OCC Reveals Major Information Security Breach Involving Former Employee
HousingWire, Oct. 28, 2016--Lane, Ben Retired employee allegedly downloaded thousands of files without authorization.
Full Story
Zillow Partnering with Facebook to Increase Real Estate Agents’ Reach
HousingWire, Oct. 28, 2016--Lane, Ben Zillow announced a partnership this week with Facebook that will allow realtors and real estate agents to target potential homebuyers directly on their Facebook feed.
Full Story
Fannie and Freddie Don’t Meet Two Affordable Housing Goals: FHFA
National Mortgage News, Oct. 28, 2016--Finkelstein, Brad Both Fannie Mae and Freddie Mac failed to achieve their low-income and very low-income single-family home purchase goals for 2015, the Federal Housing Finance Agency annual housing report said.
Full Story
Were Mini-Correspondents the Target of Those HMDA Warning Letters?
National Mortgage News, Oct. 28, 2016--Kilgore, Austin Mortgage brokers were among the companies that received the regulator's warning letters, but brokers are not required to report HMDA data - leading many to suspect mini-correspondents, which straddle the line between broker and lender, were the recipients.
Full Story
Deadly Sites for Skittish Buyers
UExpress, Oct. 28, 2016--Sichelman, Lew While real estate agents are often instructed to disclose when a death has occurred in a property, only three states -- Alaska, California and South Dakota -- require them to do so.
Full Story
Millennials Aren’t Cheap, They’re Thrifty
Bloomberg, Oct. 28, 2016--Mosendz, Polly The Millennial generation, now the largest in the country, has an annual spending power of $600 billion and each member spends an estimated $85 per day. But faced with unrelenting student debt and an uncertain job market, they don't spend lightly.
Full Story
No Change in the Competitive Dynamic with Black Knight: Ellie Mae
National Mortgage News, Oct. 28, 2016--Finkelstein, Brad Ellie Mae and Black Knight Financial Services offer mortgage lenders different value propositions so the competitive dynamic between the two companies hasn't changed, said Ellie Mae CEO Jonathan Corr.
Full Story
Ten-X Forecasts Declines in October Home Sales
National Mortgage Professional, Oct. 28, 2016--Hall, Phil October's home sales will show a slight decline, according to the latest Residential Real Estate Nowcast from Ten-X, which is predicting seasonally adjusted annual rates of 5.21 and 5.56 million.
Full Story
Industry Welcomes Treasury’s Call to Focus on Home Affordability
National Mortgage News, Oct. 28, 2016--Collins, Brian "It is probably the one issue that needs the most attention in order for reform to move forward successfully," said David Stevens, president and chief executive of MBA.
Full Story
Ellie Mae Has Inside Track To Help Mortgage Lenders Go Digital
Investor's Business Daily, Oct. 28, 2016--Low, Elaine In a post-financial crisis world, the mortgage industry is facing increased regulation, and that's a good thing for Ellie Mae.
Full Story
Walker & Dunlop to Acquire Elkins Mortgage
Commercial Property Executive, Oct. 28, 2016--Loria, Keith The Bethesda, Md.-based company will add roughly $1.7 billion in life insurance company servicing to its portfolio.
Full Story
UBS Beefs Up Funds for U.S. Mortgage Mis-Selling Case to $1.4 Billion
Reuters, Oct. 28, 2016--Franklin, Joshua; Gruber, Angelika UBS revealed it set aside an extra $417 million to cover potential penalties tied to mis-selling mortgage-backed securities ahead of the financial crisis as it delivered an 11 percent rise in third-quarter profit.
Full Story
The Lowdown on New Low-Down-Payment Mortgage Programs
Los Angeles Times, Oct. 28, 2016--Bundrick, Hal What you need to know about the low-down-payment programs from major lenders.
Full Story
Dallas This Week Was the Center of the Real Estate Universe
Dallas News, Oct. 28, 2016--Brown, Steve More than 6,000 commercial real estate people visited Dallas from all over the country this week.
Full Story

Residential Finance News

Commercial/Multifamily News

MBA News