The Lede

Top National News

U.S. Services Sector Activity Surges to 11-Month High
Reuters, Oct. 5, 2016--Dunsmuir, Lindsay Institute of Supply Management said on Wednesday its non-manufacturing activity index surged to a reading of 57.1, the highest level since October 2015.
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Nearly $1 Billion in Distressed GSE Mortgages Sold
Mortgage Daily, Oct. 5, 2016 The transaction, which was facilitated through the auction process, involves 5,364 mortgages that are deeply delinquent and non-performing.
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Service Level Drove KB Home Away from Nationstar
Mortgage Daily, Oct. 6, 2016 The head of KB Home told investors that the builder is ending the joint venture with Nationstar Mortgage LLC due to the level of service.
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Hispanic Market Represents Huge Opportunity For Mortgage Lenders
MortgageOrb, Oct. 5, 2016--Barnard, Patrick Because of its rapid population growth and rapid household formation, the Hispanic demographic remains a huge untapped opportunity for mortgage lenders.
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How to Get Millennials to Buy Houses
National Mortgage News, Oct. 5, 2016--Woodard, Susan Converting millennials from renters to homeowners is proving difficult, but here are steps lenders can take to get this generation on board with buying.
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Risk of Deglobalization Hangs Over World Economy
Wall Street Journal, Oct. 5, 2016--Nixon, Simon Worry is that politics, economics and finance are combining in a way that threatens to throw globalization in reverse.
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The Executive Behind Freddie Mac’s Mortgage Innovation
HousingWire, Oct. 5, 2016--Swanson, Brena Freddie Mac Chief Information Officer Robert Lux took the company and transformed it to create a better housing and finance system through technology innovation.
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Alternative Lending Market Is No Fad
Commercial Property Executive, Oct. 5, 2016--Fiorilla, Paul Rise in number of alternative lending vehicles is part of a long-term evolution in commercial real estate financing.
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Get Ready to Pay More for Some Bills when Rates Go Up
Detroit Free Press, Oct. 5, 2016--Tompor, Susan Consumers would be wise to prepare for the day, maybe as soon as early 2017, when higher rates cut into monthly budgets - especially for those who have an adjustable rate mortgage or a variable rate credit card.
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Run from PACE Loans…RUN
National Real Estate Post, Oct. 5, 2016 In video, former mortgage executive Frank Garay says Property Assessed Clean Energy loans are risky and disruptive to mortgage process.
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Compliance, Security and Mobile Top Bank’s Tech Spending List
American Banker, Oct. 5, 2016--Barba, Robert As chief information officers plot their budgets for 2017, they have a lot to consider.
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ADP Reports Employers Still Adding Jobs to the Economy
HousingWire, Oct. 5, 2016--Ramirez, Kelsey Increase in construction jobs could bring relief to housing.
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Are Homeowners Better Off in Red or Blue States?
National Mortgage Professional, Oct. 5, 2016--Hall, Phil While few politicians are talking about housing issues in this election year, it appears that both parties have reason to shine some partisan light on their local housing markets.
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A Onetime Housing Skeptic Plans $1 Billion Bet on Homes
Wall Street Journal, Oct. 5, 2016--Dezember, Ryan Donald Mullen Jr., who a decade ago helped oversee Goldman Sachs's lucrative bet against the housing market, is raising money for a big bet in the other direction.
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New Foreclosure Statutes in New York Threaten the Process
MortgageOrb, Oct. 5, 2016--Bergman, Bruce Mortgage servicing in New York has always been a challenge. Now it will be worse--all as a result of a new omnibus foreclosure law effective as of Dec. 20.
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San Francisco Has Highest Level of Mortgage Stress
National Mortgage News, Oct. 5, 2016--Passy, Jacob Personal finance website Finder.com said San Francisco topped the list due to its high mortgage repayments, which represent 61.47% of the median household income on average.
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European Bank Fears Helped Boost U.S. Mortgage Applications 2.9%
CNBC, Oct. 5, 2016--Olick, Diana Mortgage application volume rose 2.9 percent on seasonally adjusted basis for the week from the previous week, according to the Mortgage Bankers Association.
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Survey Finds Optimism on Commercial Real Estate’s Near-Future
National Mortgage Professional, Oct. 5, 2016--Hall, Phil  Commercial real estate executives are mostly positive about what the next 12 months will bring, the Fall 2016 NAIOP Sentiment Index Report reported.
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