The Lede
Top National News
These Government-Approved High-Interest Green Loans are Turning Mortgage Lending Upside Down
MarketWatch, Oct. 10, 2016--Riquier, Andrea
"This is not sound lending practice," said Pete Mills, who heads residential policy for the Mortgage Bankers Association, on the FHA Property Assessed Clean Energy program, or PACE.
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Prepare your Wall for Increased Interest Rates
Detroit Free Press, Oct. 10, 2016--Tompor, Susan
"We tend to see borrowers lock in a fixed rate when interest rates are low and so the share of adjustable-rate mortgages tends to fall in a low-rate environment," said Lynn Fisher, vice president of research and economics for the Mortgage Bankers Association.
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What Does the Ideal Mortgage Look Like in 2016?
The Street, Oct. 10, 2016--Notte, Jason
You no longer need to put 20% down to get a mortgage, but that doesn't make the high-interest mortgage you'll get a good fit.
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What the Wells Fargo Scandal Means for Mortgage Borrowers
Inman News, Oct. 10, 2016--Swinderman, Amy
Bank's employee cross-selling scheme could have collateral damage for mortgage lending.
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CFPB Will Allow New Fannie, Freddie Mortgage Application
HousingWire, Oct. 10, 2016--Ramirez, Kelsey
Allows more race-based questions beginning 2017.
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Trulia: Homeowners Dropping Property Insurance as Prices Rise
HousingWire, Oct. 10, 2016--Ramirez, Kelsey
Southeast sees highest rates in the nation.
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Servicers Face New Requirements on NY Vacant REOs
Mortgage Daily, Oct. 10, 2016--Marks, Alfred; Parlapiano, Christina; Neuner, Jennifer
The authors, with Day Pitney LLP, say new law in New York imposes new duties on mortgage servicers or their agents regarding abandoned foreclosed properties.
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Wholesalers Expand Programs, Improve Process
Mortgage Daily, Oct. 10, 2016--Garcia, Sam
Wholesale lenders have recently added subprime and conventional programs.
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Mortgage Business Grows at The Money Source
Mortgage Daily, Oct. 10, 2016
The Money Source Inc. disclosed increased lending, servicing and staffing.
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Why Now is the Perfect Time to Invest in Real Estate
HousingWire, Oct. 10, 2016--Hackmyer, Erica
An upswing in the real estate market is prompting experienced investors to return and even inspiring confidence in newbie investors to try their hand at investing.
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Millennials Borrowers Finally Reap Benefits of this Year’s Low Interest Rates
HousingWire, Oct. 10, 2016--Swanson, Brena
Average FICO score stabilizes around 725.
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