The Lede

Top National News

Mortgage Applications Tank 7.3% Amid Rising Rates
CNBC, Sept. 21, 2016--Olick, Diana Mortgage rates finally broke out of their tight range last week, and borrowers retreated in force, the Mortgage Bankers Association reported.
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Industry Fears Losses over Reverse-Mortgage Rule
Scotsman Guide, Sept. 21, 2016--Whitman, Victor MBA and other groups said proposed HUD rule on Home Equity Conversion Mortgages could harm servicers, borrowers.
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How Have Third-Party Mortgage Servicing Portfolios For The Largest U.S. Banks Changed In The Last 5 Quarters?
NASDAQ, Sept. 21, 2016--Trefis Team Five largest U.S. banks have seen a notable reduction in their total third-party mortgage servicing portfolio.
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Fed Trims Interest-Rate, Growth Forecasts
Wall Street Journal, Sept. 21, 2016--Derby, Michael S. Central bank sees economy growing slower and with interest-rate increases coming less frequently.
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Program to Attract Private Investment into Public Housing Is Succeeding, Study Says
Wall Street Journal, Sept. 21, 2016--Kusisto, Laura Effort spearheaded by the Obama administration, converts public housing into Section 8 housing so buildings are better maintained.
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Fannie Mae Completes $14.4B of Credit Insurance Risk Transfers
National Mortgage News, Sept. 21, 2016--Passy, Jacob Fannie Mae said transactions represent continuation of its efforts to reduce taxpayer risk through an increased role for private capital in the mortgage market.
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TransUnion: Rate Hike Could Cause Payment Shock for 9M Borrowers
HousingWire, Sept. 21, 2016--Ramirez, Kelsey Study said 92 million consumers would see increase of just $6.45 per month; for others, a much higher increase.
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Mortgage CMOs, GSE Director Appointed
Mortgage Daily, Sept. 21, 2016--Garcia, Sam Recent mortgage executive activity.
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Nationstar Unit Closing
Mortgage Daily, Sept. 21, 2016 Joint venture between Nationstar Mortgage LLC and KB Home winding down.
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Mortgage Credit Tightens as Closing Rate Rises
Mortgage Daily, Sept. 21, 2016 Ellie Mae reports conventional mortgage share at 68% in August.
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Yankees Get Go-Ahead to Refinance their $1 Billion Mortgage
CNN Money, Sept. 21, 2016--Garcia, Ahiza Refinancing municipal bonds will allow baseball club to lower borrowing costs and save money.
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Fed’s Yellen Says Megabanks Not ‘Too Big to Manage’
National Mortgage News, Sept. 21, 2016--Heltman, John Fed Chair insists despite concerns raised by the recent scandal at Wells Fargo, there is no inherent reason why large banks cannot meet existing standards of conduct.
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Chase Officially Satisfies $4 Billion RMBS Settlement Consumer Relief Requirement
HousingWire, Sept. 22, 2016 Settlement closes claims related to Bear Stearns, Washington Mutual securities sold to investors.
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CFPB to Credit Unions: New Mortgage Regulations Level the Lending Playing Field
HousingWire, Sept. 21, 2016--Swanson, Brena Director Richard Cordray said TRID "good news" for credit unions.
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Residential Finance News

Commercial/Multifamily News

MBA News

MBA Compliance Essentials Home Mortgage Disclosure Act Resource Guide Available
Essential Background, Requirements of Updated HMDA Rule
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