The Lede
Top National News
Jumbo Mortgages: Big Banks Still Love Them
Wall Street Journal, Oct. 21, 2016--Andriotis, AnnaMaria
Borrowers seen among the lowest-risk customers with higher credit scores on average.
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Want to ‘Age in Place’? Plan Ahead
UExpress, Oct. 21, 2016--Sichelman, Lew
Seniors who prefer to remain in their longtime homes as they age need to be prepared.
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Canada Proposes Overhaul of Mortgage-Insurance System
Wall Street Journal, Oct. 21, 2016--Vieira, Paul
Changes could see banks shoulder up to 10 percent of the losses related to house-loan defaults.
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Feds to Sue Moody’s Over Mortgage Securities Ratings
USA Today, Oct. 21, 2016--McCoy, Kevin
The Justice Department plans to sue Moody's over valuations the company assigned to mortgage-backed securities in the run-up to the nation's financial crisis in 2008, the financial ratings giant said Friday.
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U.S. Mall Investors Set to Lose Billions as Retail Gloom Deepens
Reuters, Oct. 21, 2016--Lash, Herbert; Wiltermuth, Joy
The shift to online shopping that has crushed U.S. department stores in recent years now threatens the investors who a decade ago funded the vast expanse of brick-and-mortar emporiums that many Americans no longer visit.
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At The Crossroads Of Real Estate And Civic Engagement
Banker & Tradesman (Boston), Oct. 23, 2016--Adams, Steve
If Kevin Phelan invites you to breakfast, you've arrived as a member of Boston's power elite.
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Economists Never Imagined Negative Interest Rates–Now They’re Rewriting Textbooks
Business Insider, Oct. 23, 2016--Bobkoff, Dan; Oyedele, Akin
If you're a bank, the idea sounds crazy. Why pay someone to hold your cash?
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FHA Business Jumps to 1-Year High
Mortgage Daily, Oct. 24, 2016
Monthly government-insured mortgage production climbed to the highest level in more than a year and is poised for another increase.
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Mortgage Earnings, Originations Up at SunTrust
Mortgage Daily, Oct. 21, 2016
Quarterly earnings from its mortgage business moved higher at SunTrust Banks Inc. An even more impressive improvement was made with production.
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Refinances Lead Mortgage Activity Up
Mortgage Daily, Oct. 21, 2016
Refinancing activity led the way as new mortgage business bounced back from the holiday week.
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New MBA Chair Eager to Confront Gaps in Diversity, Technology
National Mortgage News, Oct. 23, 2016--Collins, Brian
As Rodrigo Lopez begins his term as chairman of the Mortgage Bankers Association, the Nebraska multifamily lender seeks to use the platform to embrace the challenges of improving diversity and technology throughout the industry, while remaining vigilant about the ever-changing regulatory landscape.
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TRID Fixes Don’t Go Far Enough, Industry Says
National Mortgage News, Oct. 21, 2016--Collins, Brian
The Mortgage Bankers Association and others are concerned that the CFPB wants to take a harder line and move away from its "diagnostic examination" approach, which recognizes the complexity of the rule changes.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education Commercial/Multifamily 2017 Future Leaders Applications Available
Innovative Executive Leadership Development
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Today at the MBA Annual Convention & Expo
David Stevens, CMB, Megyn Kelly Deliver Keynotes; Rodrigo Lopez, CMB, Becomes MBA Chairman
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