The Lede
Top National News
Why MBA Chief Is OK with Ditching Mortgage Interest Tax Deduction
National Mortgage News, Sept. 1, 2016--Finklestein, Brad
The Mortgage Bankers Association is "not religiously wed" to the mortgage interest deduction, said MBA President and CEO David Stevens, CMB.
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Commercial, Multifamily Delinquency Rates Low in Second Quarter
National Mortgage News, Sept. 1, 2016--Passy, Jacob
MBA reports commercial/multifamily rates at near 20-year lows.
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Mortgage Rates Wander Higher But Remain Near Yearly Lows
Washington Post, Sept. 1, 2016--Orton, Kathy
MBA President/CEO David Stevens said low rates benefiting borrowers who have regained home equity.
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Which Lenders Are Most Exposed to New York Retail Properties?
National Real Estate Investor, Sept. 1, 2016--Razin, Ely
CrediFi analysts examined retail lending to see which lenders and property owners have the most exposure if retail sector troubles continue.
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Bank Stocks’ Strength Reflects Odds on Fed Rate Increase
Wall Street Journal, Sept. 1, 2016--Carney, John; Eisen, Ben
An August bank share surge is underscoring a consensus that the economy is strong enough to allow the Federal Reserve to raise interest rates by the end of 2016.
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Hotel Fundamentals are Still Pointing Upward
Scotsman Guide, Sept. 1, 2016--Whitman, Victor
But CBRE said gains are slowing.
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Bank Groups Weigh Legal Challenge to Fed Stress Tests
Wall Street Journal, Sept. 1, 2016--Glazer, Emily; Tracy, Ryan
A big point of contention among banks is the tests' opacity.
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GSE Stress Tests: Latest Indication that Housing Finance Reform Must be Tackled
GoRion, Sept. 1, 2016--Curry, Kerry
With a potential $126 billion bailout looming, calls for housing finance reform are resurfacing.
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Another Sign Manhattan Real Estate Is Feeling the Pain
Bloomberg, Sept. 1, 2016--Carmiel, Oshrat
Developers face a luxury condo glut; market sputtering.
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Another 3-Year High for Agency MBS Issuance
Mortgage Daily, Sept. 1, 2016
August fixed-rate agency issuance $135 billion.
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FTC Permanently Bans Brazen Mortgage Modification Scammers
HousingWire, Sept. 1, 2016--Lane, Ben
Companies impersonated law firms; fined more than $20 million.
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HELOCs Defy Quarterly YOY Mortgage Production Slump
Mortgage Daily, Sept. 1, 2016
ATTOM Data Solutions reports 1.9 million loans originated in second quarter.
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U.S. Factory Activity Contracts in August; Layoffs Remain Low
Reuters, Sept. 1, 2016--Mutikani, Lucia
Institute for Supply Management Manufacturing Index falls by 3.2 percentage points.
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Why Low-Down-Payment Mortgages Could Be a Tough Sell
National Mortgage News, Sept. 1, 2016--Broughton, Kristin
Many borrowers unaware they can get these mortgages; others are wary.
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