The Lede
Top National News
Federal Reserve Roundup: Yellen & Co. Pass Up Another Opportunity to Raise Rates
GoRion, Sept. 27, 2016--Bourgi, Sam
The Fed's latest decision to hold off on raising rates surprised very few. With the doves set to control the FOMC in 2017, a December liftoff appears more likely.
Full Story
U.S. Commercial, Multifamily Mortgage Debt Hits $2.9 Trillion in Mid 2016
World Property Journal, Sept. 27, 2016--Gerrity, Michael
Mortgage Bankers Association reports commercial and multifamily mortgage debt outstanding increased by $39.9 billion in the second quarter of 2016, as three of the four major investor groups increased their holdings.
Full Story
U.S. Faults Foot-Dragging Banks Amid Deutsche Bank Talks
Bloomberg, Sept. 27, 2016--McLaughlin, David
Justice Department says several lenders have failed to cooperate amid investigations.
Full Story
Can AI Be Programmed to Make Fair Lending Decisions?
American Banker, Sept. 27, 2016--Crosman, Penny
And can it be trusted to make sound decisions?
Full Story
Vancouver, London Top List of Cities at Risk of Housing Bubble
Bloomberg, Sept. 27, 2016--Obiko Pearson, Natalie; Dmitrieva, Katia
San Francisco on list, but not at high-risk level.
Full Story
Fed’s Fischer Says Tighter Labor Market Pushing Up Wages
Reuters, Sept. 27, 2016--Lange, Jason
The Federal Reserve should avoid raising interest rates too much, Fed Vice Chairman Stanley Fischer said on Tuesday, adding that gains in U.S. incomes are a sign that workers are benefiting from a tighter labor market.
Full Story
Do Major League Stadiums Help or Hurt Housing Markets?
National Mortgage News, Sept. 27, 2016--Sichelman, Lew
When it comes to housing alone, new stadiums are a boon for local home sales, but don't always contribute to home price appreciation.
Full Story
Easier Condo Approvals Proposed by FHA
Mortgage Daily, Sept. 27, 2016
Less than a year after temporarily easing requirements on condominiums, the Federal Housing Administration is proposing to relax the approval process for condominium developments.
Full Story
4 LOS Providers Hosting Conferences
Mortgage Daily, Sept. 27, 2016--Garcia, Sam
Among dozens of upcoming mortgage-related happenings over the next several months are four events hosted by providers of loan origination systems.
Full Story
Wells Fargo CEO Forfeits Stock Awards Worth $41 Million as Company Launches Probe
CNN, Sept. 27, 2016--Egan, Matt; Wattles, Jackie
Company also announced Carrie Tolstedt left company, forfeiting $19 million in unvested equity awards.
Full Story