The Lede

Top National News

Declines in Mortgage Rates and Credit Availability
National Mortgage Professional, Sept. 8, 2016--Hall, Phil Mortgage Bankers Association says credit availability continues to tighten.
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Rise in July U.S. Consumer Credit Reflects Steady Household Spending
Wall Street Journal, Sept. 8, 2016--Sparshott, Jeffrey Outstanding consumer credit rose $17.71 billion, topping expectations for a $16 billion increase.
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New Legislation Could Forgive $23B in Flood Insurance Debt
HousingWire, Sept. 8, 2016--Ramirez, Kelsey Rep. Maxine Waters, D-Calif., says bill would give National Flood Insurance Program a fresh start.
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Congress Set to Consider Republican Plan to Abolish Dodd-Frank
HousingWire, Sept. 8, 2016--Lane, Ben House Financial Services Committee will debate Financial CHOICE Act next week.
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Deutsche Bank Nearing Mortgages Settlement with U.S. Authorities: Sources
Reuters, Sept. 9, 2016--Schuetze, Arno; Kroner, Andreas Justice Department pursuing settlement over alleged past mis-selling of mortgage-backed securities.
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Managing Maturing HELOC Draw Periods
Mortgage Daily, Sept. 8, 2016 Lenders need to monitor home equity lines of credit portfolios.
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CFPB Reports Largest Penalty Ever
Mortgage Daily, Sept. 8, 2016 More than 5,000 Wells Fargo were fired in wake of cross-selling scheme.
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U.S. Jobless Claims Fall as Labor Market Remains Strong
Reuters, Sept. 8, 2016--Mutikani, Lucia Labor market strongest since 1970s, analyst said.
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Summer Housing Market Remains Intense in Northwest
HousingWire, Sept. 8, 2016--Ramirez, Kelsey Low inventories in Northwest continues to constrain housing activity.
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Goldman Sachs: Fed Unlikely to Raise Rates Before Presidential Election
Housing Wire, Sept. 8, 2016--Gaffney, Jacob The country is dealing with enough right now.
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Mediterranean-Style Homes Lose Their Luster
Wall Street Journal, Sept. 8, 2016--Paluch, Gabrielle Asking prices for Mediterranean-style homes-known for stucco walls, tumbled stone and wrought-iron accents-remain high, but buyers seem to be losing interest.
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Why So Few Economists Are Prepared to Say Recession Risks Are Fading
Wall Street Journal, Sept. 8, 2016--Zumbrun, Josh Despite upbeat economic conditions, many analysts wary of saying we're in the clear.
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The Mortgage Bank of the Future Can’t Survive on Mortgages Alone
American Banker, Sept. 8, 2016--Picard, Loren; Flanagan, Joe Authors assert that within five years, nonbank mortgage industry will be unrecognizable from today.
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Two DFW Companies are Embracing Subprime Home Mortgage Business
Dallas Morning News, Sept. 8, 2016--Goldstein, Matthew (New York Times) Caliber Home Loans, Loan Star Funds targeting less-than-perfect borrowers.
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CFPB Nonbank Registration, PHH Court Challenge Eyed This Fall
GoRion.com, Sept. 8, 2016--Wisniowski, Charles Mortgage industry taking wary look at Consumer Financial Protection Bureau proposal on nonbank registraion with agency.
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Does Forest City’s Portfolio Pruning Signal Something Deeper?
National Real Estate Investor, Sept. 8, 2016--Bell, Diana Forest City Realty Trust announced that it will explore alternative strategies for its regional mall properties.
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Mortgage Rates Remain Stuck Where they Have Been for the Past Couple Months
Washington Post, Sept. 8, 2016--Orton, Kathy But MBA Chief Economist Mike Fratantoni noted purchase volume continues to run strong compared to a year ago.
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MBA Education Collateral Underwriting Workshop in L.A. Sept. 28
Held in Conjunction with MBA Risk Management/Quality Assurance Conference
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