The Lede
Top National News
We’re Actually Not Married to this Big Homeowner Tax Break: Mortgage Bankers CEO
CNBC, Aug. 31, 2016--Belvedere, Matthews
MBA President and CEO David Stevens, CMB, said reducing or eliminating mortgage interest deduction could be part of tax code reform.
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Mortgage Applications Up 2.8% But Refinancing Applications Should be Higher
CNBC, Aug. 31, 2016--Olick, Diana
Mortgage rates held steady, but some who could refinance appear to be holding back.
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Pending Home Sales, Mortgage Apps Increase
National Mortgage Professional, Aug. 31, 2016--Hall, Phil
MBA, NAR report improvements in key indexes.
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Is the Era of High Returns Coming to an End?
National Real Estate Investor, Aug 31, 2016--Bell, Diana
Goldman Sachs said real estate stocks may now be too risky for investors.
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Why Many Banks Are Hanging On to FDIC Loss-Share Pacts
National Mortgage News, Aug. 31, 2016--Peters, Andy
Plenty have crisis-era arrangements in place, despite incentives to wind them down.
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Twinkies Made A Comeback, Can Ocwen?
MortgageOrb, Aug. 31, 2016--Caley, Nora
Mortgage servicer Ocwen Financial Corp. has had its well-publicized ups and downs, but the company says it is working to resolve the issues and is moving forward.
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As Demographics Change, McMansions Don’t Look Quite so Appealing
Washington Post, Aug. 31, 2016--Harney, Kenneth R.
New data show median floor area in newly started homes dropped by 3 percent in second quarter.
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Squeaky Clean Loans Lead to Near-Zero Borrower Defaults–And That is Not a Good Thing
Urban Institute, Aug. 31, 2016--Goodman, Laurie
Author says lenders must engage again to borrowers with less-than-perfect credit.
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Inequality is Widening, Even in Real Estate
CNN Money, Aug. 31, 2016--Vasel, KathrynWhere you live can have a big impact on future prosperity.
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Mortgage Lender Profits Increased In Q2, But Servicers Didn’t Do So Well
MortgageOrb, Aug. 31, 2016
MBA said mortgage lenders nearly doubled profits from first quarter.
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ADP Predicts Solid Jobs Increase
HousingWire, Aug. 31, 2016--Ramirez, Kelsey
Employment report anticipates 177,000 August job increase.
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HELOCs Increase for 17th Consecutive Quarter
HousingWire, Sept. 1, 2016--Ramirez, Kelsey
ATTOM Data Solutions says fewer loans originated, but up significantly from first quarter.
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Refis, Compliance Help Reduce Mortgage App Risk
Mortgage Daily, Aug. 31, 2016
First American Financial Corp. says risk on new mortgage apps has subsided.
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Mobile Mortgage Advancements
Mortgage Daily, Aug. 31, 2016--Garcia, Sam
Banks, lenders continue to improve mobile technology to improve customer experience.
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Did Whistleblower Out First Mortgage’s $7.5 Million Ginnie Mae Mortgage Bond Fraud?
HousingWire, Aug. 31, 2016--Lane, Ben
Securities and Exchange Commission offer potential reward om alleged scheme.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education Introduction to Secondary Market Whole Loan Trading Webinar Sept. 13
Examine Factors Affecting Pricing, Marketability of Whole Loans
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