The Lede
Top National News
Appeals Panel Deals Setback to Consumer-Watchdog Agency
Wall Street Journal, Oct. 11, 2016--Kendall, Brent; Hayashi, Yuka
A federal appeals-court panel ruled the structure of the Consumer Financial Protection Bureau is unconstitutional, setting aside an enforcement action against a mortgage lender and handing a blow to the five-year-old agency.
Full Story
New Programs Ease Homebuyers’ Path to Mortgages
Chicago Tribune, Oct. 11, 2016--Harney, Kenneth R.
It's all part of a nascent effort by major lenders and mortgage investment giants Fannie Mae and Freddie Mac to reach out to creditworthy borrowers.
Full Story
Featured Industry Leader: Wes Moore, President, New Mexico Mortgage Lenders Association
National Mortgage Professional, Oct. 11, 2016--Hall, Phil
Moore discusses his work with state trade group.
Full Story
Wells Fargo Lays Out Strategy to Move Past Scandal
Wall Street Journal, Oct. 11, 2016--Glazer, Emily
Wells Fargo & Co.'s top brass laid out the bank's strategy to move past its sales-tactics scandal on an hour-long call Monday with around 500 senior executives.
Full Story
Appraisal Volume Falls Three Weeks in a Row
HousingWire, Oct. 11, 2016--Swanson, Brena
Latest National Appraisal Volume Index from a la mode showed appraisal volume decreased 4.1% for the week of Oct. 2.
Full Story
America’s New Normal Will Look Pretty Slow, Fed Economist Says
Bloomberg, Oct. 11, 2016--Smialek, Jeanna
San Francisco Fed says new normal for long-run U.S. economic growth could be 1.5 percent to 1.75 percent a year.
Full Story
CFPB Fines Navy Federal $28.5M Over Debt Collection
National Mortgage News, Oct. 11, 2016--Ouyang, Xuanyan Iris
Navy Federal Credit Union, the largest credit union in the country, agreed Tuesday to pay $28.5 million to settle regulatory allegations it engaged in illegal debt collection practices.
Full Story
Cheat Sheet: What CFPB Constitutionality Ruling Means for Lenders
National Mortgage News, Oct. 11, 2016--Heltman, John; Berry, Kate; Blackwell, Rob
The ruling may hamper the CFPB's powers going forward, including its ability to retroactively apply new rules.
Full Story
Mortgage-Related Conventions Happening
Mortgage Daily, Oct. 11, 2016--Garcia, Sam
Upcoming conferences, workshops and events.
Full Story
Residential Finance News
Commercial/Multifamily News
MBA News
Upcoming MBA Education School of Mortgage Banking Courses
Comprehensive, Essential Knowledge & Skills for Today's Mortgage Industry
Full Story