The Lede
Top National News
Rising Mortgage Rates Scaring Away Applicants This Halloween Season, MBA Finds
GoRion, Oct. 18, 2016--Bourgi, Sam
The housing market faced a bit of a scare last week as rising interest rates led to a sharp decline in mortgage applications, the Mortgage Bankers Association said.
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In Obsessing About New York and San Francisco, We’re Ignoring the Real Rental Crisis
Washington Post, Oct. 18, 2016--Fraade, Jordan
'In too many cities, rentals are out of reach for the middle class.'
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Banks Pick Up Greater Share of Multifamily Lending Business
National Real Estate Investor, Oct 18, 2016--Anderson, Bendix
Bank lenders originated more than one-third of all permanent apartment loans in first-half 2016.
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Borrowers Who Make Less Money Are Now Getting Jumbo Home Loans
Wall Street Journal, Oct. 18, 2016--Friedman, Robyn
Even as sales of luxury homes slow in some markets, jumbo lending has picked up. That's because looser underwriting rules--especially income requirements--have enabled more people to qualify for credit.
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Tech and Scale Are Key to Tackling Tight Servicing Margins
National Mortgage News, Oct. 18, 2016--Passy, Jacob
By decreasing costs through technology, outsourcing and scale, mortgage servicers not only can give their margins a much-needed boost but also set themselves up to reap the rewards in the future.
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Mortgage Origination Forecast Up $50 Billion
Mortgage Daily, Oct. 18, 2016
Fannie Mae upped its long-term forecast amid improving economic conditions.
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GSE Refinances Jump to 16-Month High
Mortgage Daily, Oct. 18, 2016
Government-sponsored enterprise mortgages refinanced by loan originators reached the highest level in almost a year-and-a-half.
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Unchecked Power at CFPB Reined In
Pittsburgh Post-Gazette, Oct. 18, 2016
Editorial says recent court's decision, if upheld, will be historically important. The case should also raise the question of whether too much power is being vested in bureaucrats whose power is unchecked, either by the president or by another branch of government.
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MBA Takes Focus on Women in Real Estate to the Next Level
HousingWire, Oct. 18, 2016--Swanson, Brena
On Tuesday, the Mortgage Bankers Association launched a new networking platform for women in the real estate-finance industry, mPower, which stands for MBA Promoting Opportunities for Women to Extend their Reach.
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Fannie Mae: Even Big Lenders Have Questions about Front-End Risk Sharing
ValueWalk, Oct. 18, 2016--Investors Unite
"MBA has for decades advocated for a bright line between primary and secondary markets," MBA President David Stevens wrote in the letter to the Federal Housing Finance Agency. "One aspect of this bright line is that primary market lenders select front-end credit enhancements, while the GSEs structure back-end credit enhancements."
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Mortgage Contracting Services Announces Acquisition of Lenders Title Solutions
HousingWire, Oct. 18, 2016--Lane, Ben
Earlier this year, MCS acquired EPIC Real Estate Solutions, and now MCS is adding Lenders Title Solutions into the fold.
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Audit Shows Lack of Oversight of Mortgage Companies
Las Vegas Sun, Oct. 18, 2016--Ryan, Cy
A state division whose job is to regulate the mortgage-lending industry has failed to check if many of these companies are obeying state laws and regulations.
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Wells Fargo Delays Bond Sale After S&P Revises Outlook
Wall Street Journal, Oct. 18, 2016--Goldfarb, Sam
Wells Fargo & Co. on Tuesday delayed selling a 10-year bond after S&P Global Ratings revised the outlook on its credit rating to negative from stable.
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A New Real-Estate War in Silicon Valley
Wall Street Journal, Oct. 18, 2016--Brown, Eliot
Soaring apartment costs in Silicon Valley are fueling popular support for an idea bitterly opposed by many landlords in America's technology capital: rent controls.
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