The Lede

Top National News

Drop in Refinancing Pushes Mortgage Applications Lower by 0.7%
CNBC, Sept. 28, 2016--Olick, Diana  "Refinance volume dipped for the week, but purchase application volume continues to show 2016 as a strong year," said Mortgage Bankers Association Chief Economist Michael Fratantoni.
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Don’t Look Now, But Banks Are Offering Mortgages Again
MarketWatch, Sept. 28, 2016--Riquer, Andrea Urban Institute data show banks are making more mortgage loans.
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European Banks and the Great Mortgage Settlement Game
Wall Street Journal, Sept. 28, 2016--Davies, Paul Credit Suisse has the least wiggle room and will be watching outcome of Deutsche Bank's mortgage case closely.
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Crowdfunded REITs Gain Momentum
National Real Estate Investor, Sept. 28, 2016--Mattson-Teig, Beth   Crowdfunding firms are stepping into the REIT space to make a bigger play for commercial real estate investor capital.
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New York Announces New Requirements for Maintenance of Zombie Homes
Housing Wire, Sept. 28, 2016--Lane, Ben New regulation will hold lenders and mortgage servicers "accountable."
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California’s Housing Shortage Will Hamper the Economy, Reports Say
Los Angeles Times, Sept. 28, 2016--Kitroeff, Natalie  California's lackof housing will slow the state's economic growth, two new studies say.
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Freddie Mac Launches New Front-End Risk Transfer Offering
National Mortgage Professional, Sept. 28, 2016 "Mortgage insurance offers a well-developed, scalable solution that would benefit consumers and is something that all lenders could use today," said Mortgage Bankers Association President and CEO David Stevens, CMB.
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Ditech Settles Charges of Borrower Harassment
Mortgage Daily, Sept. 28, 2016 Walter Investment Management Corp.'s mortgage banking subsidiary has agreed to settle charges that it harassed delinquent Massachusetts borrowers for four years.
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Wave of Mortgage LOS Integrations
Mortgage Daily, Sept. 28, 2016--Garcia, Sam Integrations promise to make access to products easier.
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Best Month for Freddie’s New Biz in Over 3 Years
Mortgage Daily, Sept. 28, 2016 August secondary activity totaled $45.9 billion.
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Credit Suisse, Barclays Said to Be in Mortgage-Settlement Talks
Bloomberg, Sept. 28, 2016--McLaughlin, David; Schoenberg, Tom Deutsche Bank AG isn't the only lender wrestling with the U.S. to resolve an investigation into toxic mortgage bonds: Credit Suisse Group AG and Barclays Plc are also each in settlement talks with the Justice Department.
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Fewer Students Are Defaulting On Loans After Leaving College
Wall Street Journal, Sept. 28, 2016--Mitchell, Josh But figure remains high despite solid labor market.
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Justice Dept. to Banks: Cooperate in Civil Investigations–Or Else
National Mortgage News, Sept. 28, 2016--Berry, Kate Banks now expected to "materially assist" the agency in providing documents, access to witnesses and even inculpatory documentary evidence such as emails and text messages.
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The Fatal Price Tag of Not Investing in Digital Innovations for Millennials
HousingWire, Sept 28, 2016--Swanson, Brena If banks choose not to invest, they risk losing the next generationof consumers. 
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U.S. Core Capital Goods Orders Rise for Third Straight Month
Reuters, Sept. 28, 2016--Mutikani, Lucia 'Positive signal' for business investment outlook. 
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