The Lede

Top National News

Mortgage Applications Climb 0.6%; Rising Rates Don’t Scare Buyers
CNBC, Oct. 19, 2016--Olick, Diana  Plenty of things scare potential homebuyers today, but apparently interest rates aren't one of them.
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U.S. Bancorp Profit Lifted by Mortgage Refinancing
MarketWatch, Oct. 19, 2016--Hufford, Austen U.S. Bancorp said profit and revenue increased in its third quarter on increased mortgage refinancing.
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More Pension Fund Money Flowing to Commercial Real Estate
National Real Estate Investor, Oct. 19, 2016--Mattson-Teig, Beth Pension funds have been following a clear path of increasing allocations to real estate over the past several years.
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Women in Real Estate Financing Supported by New Initiative
Mortgage Professional America, Oct. 19, 2016--Randall, Steve "mPower is designed to recognize and promote the rise of women in the real estate finance industry, as well as the overall workforce," said Marcia Davies, COO of the Mortgage Bankers Association.
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Morgan Stanley Gets Boost From Trading as Profit Rises
Wall Street Journal, Oct. 19, 2016--Hoffman, Liz; Carney, John Firm caps off big-bank earnings season with profit and revenue that beat expectations.
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If Today’s Housing Activity is Dull, Wait Until 2017!
National Mortgage Professional, Oct. 19, 2016--Hall, Phil Today's housing data news is mostly dreary. But there are signs pointing to a much, much more exciting period come January.
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Housing Starts’ Downward Trend Actually Not that Bad
HousingWire, Oct. 19, 2016--Ramirez, Kelsey New home construction decreased yet again in September after a drop in August, according to a new report from the U.S. Census Bureau.
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After Court Ruling, Secret Payoff Schemes May Raise Settlement Costs
Washington Post, Oct. 19, 2016--Harney, Kenneth R. A decision last week by a federal appellate court is casting new light on practices in the real estate field that buyers and sellers often know little about: creative, under-the-table payoff schemes among realty brokers, mortgage lenders and title companies that can stifle market competition and raise settlement costs to consumers by hundreds or even thousands of dollars.
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Fed Beige Book Shows ‘Mostly Positive’ Outlook for U.S. Economy
Bloomberg, Oct. 19, 2016--Smialek, Jeanna The U.S. economy maintained a steady growth pace between late August and early October, as a tight labor market with nascent wage pressures contributed to a "mostly positive" outlook, a report from the 12 Federal Reserve districts showed.
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Fed Moves to Quell Charges of Opacity, Lack of Diversity
Reuters, Oct. 19, 2016--Spicer, Jonathan; Rabouin, Dion The Federal Reserve has rolled out a series of announcements, online forums and meetings with Americans this year in response to outspoken civic groups and many Democrats, including Hillary Clinton, calling for a more transparent and inclusive U.S. central bank.
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2nd FHA Settlement for MA Mortgage Banker
Mortgage Daily, Oct. 19, 2016 For the second time in five years, First American Mortgage Trust agreed to settle allegations that it didn't follow Federal Housing Administration guidelines.
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Mortgage Processing Turnaround Slows
Mortgage Daily, Oct. 19, 2016 As the monthly share of mortgage originations for refinances expanded last month, the time it took to process and close a residential loan increased. 
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Mortgage Earnings, Originations Up at BBT
Mortgage Daily, Oct. 19, 2016 An increase in home-lending activity at BB&T Corp. was complimented by a surge in mortgage earnings. But one trouble spot for the financial institution lies in mortgage performance.
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Survey Shows HELOC Reset Storm Could Be Approaching
Mortgage Orb, Oct. 19, 2016--Barnard, Patrick A new report from TD Bank shows that the threat of a HELOC default tsunami is very real.
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First American Mortgage Trust to Pay $1 Million for FHA Lending Violations
HousingWire, Oct. 19, 2016--Lane, Ben First American Mortgage Trust, which does business as NXTLoan.com, and the company's CEO will pay just over $1 million to settle charges brought by the Department of Justice, which accused the mortgage lender of submitting false claims on mortgages insured by FHA.
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Countdown Starts Now on CFPB’s Final Mortgage Servicing Rule Implementation
HousingWire, Oct. 19, 2016--Swanson, Brena Nearly four months after the Consumer Financial Protection Bureau finished the final mortgage servicing rule, it has finally been published in the Federal Register.
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