The Lede
Top National News
CFPB Content with ‘Robust Compliance’ Demands as Industry Struggles with Uncertainty
GoRion, Sept. 22, 2016--Wisnowski, Charles
At MBA Regulatory Compliance Conference, "uncertainty" about regulatory environment is most common word.
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Mortgage Rates Wander Lower This Week and Could be Headed Down Even More
Washington Post, Sept. 22, 2016--Orton, Kathy
MBA President and CEO David Stevens, CMB, said Fed rate hike likely by year-end.
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Mortgage Fraud Risk Highest in Florida, New York, New Jersey
24/7 Wall St., Sept. 22, 2016--Ausick, Paul
CoreLogic said mortgage lenders in Miami face highest fraud risks.
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Why Falling Employee Tenure Could Be Good News About the U.S. Economy
Wall Street Journal, Sept. 22, 2016--Leubsdorf, Ben
Median worker tenure fell in January from two years ago, the first drop since 2000.
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Rural Housing Service Moving Toward Delegated Underwriting
National Mortgage News, Sept. 22, 2016--Collins, Brian
Rural Housing Service is on a path to modernize its single-family program and give lenders more responsibility for approving and closing loans.
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Affordability Crisis Holds Back Home Sales in August
HousingWire, Sept. 22, 2016--Ramirez, Kelsey
Existing home sales fall again as high home prices, tight inventories hamper buyers.
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For the First Time in Years, Incomes Are Rising Faster Than Home Values
Bloomberg, Sept. 22, 2016--Verhage, Julie
Zillow reported 5.3 percent income growth compared to 5.1 percent home price growth.
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U.S. Job Market Firming; Tight Inventories Constraining Housing
Reuters, Sept. 22, 2016--Mutikani, Lucia
Americans filing for unemployment benefits unexpectedly fell last week to a two-month low, pointing to labor market strength that could pave the way for the Federal Reserve to raise interest rates by December.
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Featured Industry Leader: Kelly Powers, President, Arizona Mortgage Lenders Association
National Mortgage Professional, Sept. 22, 2016--Hall, Phil
"I wanted mortgage professionals to have a voice regarding legislation impacting the industry."
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How Mortgage Lenders Perpetuate Minority Wealth Gap
National Mortgage News, Sept. 22, 2016--Wolff, Sarah
Author, with the Center for Responsible Lending, says mortgage lending continues to lock out many consumers of color.
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Hillary Clinton Proposes 65% Top Rate for Estate Tax
Wall Street Journal, Sept. 22, 2016--Rubin, Richard
Tax plan changed to increase top rate for wealthiest households.
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Bucking Trend, SunTrust, Flagstar Stockpile Mortgage Servicing Rights
National Mortgage News, Sept. 22, 2016--Peters, Andy
Banks are dumping their mortgage servicing rights because low rates and new rules make it hard to earn a profit. These banks take the opposite view.
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Evictions in America: a Tale of Two Cities
HousingWire, Sept. 22, 2016--Wheeler, Sarah
Approach of New York City versus San Francisco is enlightening.
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In San Francisco, a Sinking Skyscraper and a Deepening Dispute
New York Times, Sept. 22, 2016--Fuller, Thomas
The Millennium Tower, which its developers say is the largest reinforced concrete building in the western United States, has now sunk about 16 inches and is leaning six inches toward a neighboring skyscraper.
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Mortgage Rates Retreat, Even Bigger Drop Possible
Mortgage Daily, Sept. 22, 2016--Garcia, Sam
30-year fixed rates average 3.77%.
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Mortgage Delinquency, Foreclosures Decline
Mortgage Daily, Sept. 22, 2016
Black Knight Financial Services reports 2.678 million loans delinquent or in foreclosure, down from August.
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Residential Finance News
Commercial/Multifamily News
MBA News
MISMO Seeks Nominations for Standards Governance Committees
Nomination Deadline This Monday, Sept. 26
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MBA Premier Member Profile: Simplifile
(One in a continuing series of Premier Members of the Mortgage Bankers Association.)
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