The Lede

Top National News

Mortgage Applications Up Just 0.9% as Interest Rates Fall
CNBC, Sept. 7, 2016--Olick, Diana Mortgage Bankers Association noted application volume is 28 percent higher than a year ago.
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Why It’s Gotten So Hard for Many People to Get a Mortgage
MarketWatch, Sept. 7, 2016--Goldstein, Daniel Low default rate could mean home lending credit standards are too tight, says Urban Institute.
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The URLA Gets a Facelift
MortgageOrb.com, Sept. 7, 2016--Barnard, Patrick Although these updates might not seem like a big deal, they are an important step toward standardizing the loan information used for underwriting single-family mortgages.
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Fed Beige Book: Economy Expanded at a ‘Modest’ Pace Through August
Wall Street Journal, Sept. 7, 2016--Sussman, Anna Louie; Sparshott, Jeffrey Most districts reported tight labor markets, with moderate growth in hiring.
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Fewer Consumers Expect Home Prices to Rise
National Mortgage News, Sept. 7, 2016--Passy, Jacob Home purchase sentiment, home price expectations down from record highs, says Fannie Mae.
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Of Course Women are More Likely than Men to Pay their Mortgage
HousingWire, Sept. 7, 2016--Ramirez, Kelsey Urban Institute study proves it's high time to level the playing field.
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Selling a $5 Million, Seven-Story Basket Is No Picnic
Bloomberg, Sept. 7, 2016--Mosendz, Polly Former headquarters of Longaberger Co. in Ohio is proving to be a tough sell, even with drastic price cuts from its $32 million construction cost.
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U.S. Job Openings at Record High, Skills Mismatch Emerging
Reuters, Sept. 7, 2016--Mutikani, Lucia U.S. job openings surged to a record high in July, but a lag in hiring suggested employers were struggling to find qualified workers to fill the positions.
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ICBA ‘Drawing the Line’ with NCUA
Dodd-Frank Report, Sept. 7, 2016 The Independent Community Bankers of America has filed a lawsuit against the National Credit Union Administration, challenging the agency's rulemaking on member business lending by credit unions as unlawful and exceeding the reach of the regulator.
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How to Navigate New Jersey’s Foreclosure Crisis
Mortgage Daily, Sept. 7, 2016--Harmon Sperling, Joy Partner with Day Pitney LLP outlines steps mortgage servicers can take.
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Can Tom Selleck Convince Seniors Reverse Mortgages Aren’t Too Good to Be True?
AdWeek, Sept. 7, 2016--Klara, Robert Latest good-guy pitchman for a product with an image problem.
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Wells Fargo to Be Subject of Enforcement Action Over Cross-Selling, Sales Practices
Wall Street Journal, Sept. 7, 2016--Glazer, Emily Bank to be sanctioned by currency comptroller, consumer watchdog, L.A. city attorney.
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Ocwen Fixes Previous Settlement Failures, Faces Two New Failed Tests
HousingWire, Sept. 8, 2016--Swanson, Brena National Mortgage Settlement monitor notes two new issues.
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Security Vulnerabilities Discovered in FHA Systems
HousingWire, Sept. 7, 2016--Lane, Ben Watchdog review discovers weakness in government's systems.
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