The Lede

Top National News

To Raise, or Not Raise Interest Rates, That is the Question
HousingWire, Sept. 20, 2016--Jones, Ted Mortgage Bankers Association, Fannie Mae, Freddie Mac reduced interest rate forecasts in wake of Brexit.
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Mortgage Expert Launches Start-Up to ‘Pull Back the Curtain’ on Industry
CNBC, Sept. 20, 2016--Ward, Marguerite When it comes to mortgages, there is little Brian Faux hasn't seen.
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NAHREP Releases English-Spanish Glossary of Real Estate Terms
National Mortgage News, Sept. 20, 2016--Passy, Jacob National Association of Hispanic Real Estate Professionals created a glossary that provides Spanish translations of terms used by the real estate and mortgage industries.
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Blackstone Bets Big on Logistics
Wall Street Journal, Sept. 20, 2016--Grant, Peter Deal to pay $1.5 billion for portfolio of logistics centers shows strength of e-commerce-driven business.
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Housing Starts Decline, But Builders Remain Confident
National Mortgage Professional, Sept. 20, 2016--Hall, Phil Housing starts down in August, but home builders report strongest sentiment in nearly a year.
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Housing Debt Is Causing Problems for Retirees: Prudential
National Mortgage News, Sept. 20, 2016--Passy, Jacob Americans carrying higher levels of debt as they head into retirement, raising the specter of financial headaches in their old age.
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‘You Should Resign’: Stumpf’s Rough Day on Capitol Hill
American Banker, Sept. 20, 2016--Berry, Kate; Wack, Kevin; McKendry, Ian Wells Fargo Chief Executive John Stumpf was relentlessly questioned by lawmakers for nearly three hours Tuesday.
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Under Senate Fire, Wells Fargo CEO Promises to Make Customers Whole
Reuters, Sept. 20, 2016--Rucker, Patrick; Freed, Dan John Stumpf said customers who had bogus accounts opened in their name will be compensated for any damage to their credit ratings.
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U.S. Consumer Protection Agency Fields Nearly One Million Complaints
Reuters, Sept. 20, 2016--Rucker, Patrick Richard Cordray, director of the Consumer Financial Protection Bureau, said the agency expects to reach 1 million complaints by the end of the week.
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Fed Speakers Trigger Volatility in the Financial Markets
GoRion, Sept. 20, 2016--Bourgi, Sam Fed-speak is at it again. Stocks, bonds, commodities--they were all influenced by the latest tug-of-words between FOMC members Rosengren and Brainard.
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GSE Refinances Fall, HARP Plunges
Mortgage Daily, Sept. 20, 2016 FHFA reports Fannie Mae, Freddie Mac refis tumbled from year ago.
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Upgrades on $6 Billion RMBS from BofA Settlement
Mortgage Daily, Sept. 20, 2016 Upgrades resulted from recent massive settlement by Bank of America.
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Group of 21 States Sues U.S. Over New Overtime-Pay Rule
Wall Street Journal, Sept. 20, 2016--Trottman, Melanie Suit wants to block regulation that would qualify millions more for overtime pay starting in December.
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Income Gains Boost Housing Market Potential
National Mortgage News, Sept. 20, 2016--Passy, Jacob Gains in employment and income are beginning to have a positive influence on home sales, according to First American Financial Corp.
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Freddie Mac: Mortgage Interest Rates will Hit 40-Year Low in 2016
HousingWire, Sept. 20, 2016--Lane, Ben GSE predicts best year for home sales since 2006.
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