The Lede

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WSJ Survey: Economists Split on Timing of Fed’s Next Rate Move
Wall Street Journal, Jan. 12, 2017--Harrison, David Roughly one-third of economists surveyed said the Fed next will vote to raise rates in March, while nearly half said the central bank would wait until its June meeting.
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Mortgage Rates Fall for the Second Week in a Row
Washington Post, Jan. 12, 2017--Orton, Kathy  Mortgage rates pulled back again this week as the exuberance that led to their rapid rise is beginning to temper. "Markets continue to adjust their expectations about the incoming administration and Federal Reserve policy," Mortgage Bankers Association Vice President of Research and Economics Lynn Fisher said.
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As Trump Team Enters Office, Repealing Dodd-Frank Could Have Inflationary Risks
GoRion, Jan. 12, 2017--Bourgi, Sam Repealing Dodd-Frank could make the Republicans look like heroes for a little while, but the long-term impact could be much higher inflation, said Aleph Investments CEO David Merkel.
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Demand for Mortgages in U.S. Fell Substantially in Q4
The Real Deal (N.Y.), Jan. 12, 2017--Hall, Miriam Total mortgage applications fell 21 percent from the third quarter, according to data from the Mortgage Bankers Association.
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There Is Plenty for Banks to Worry About in 2017
American Banker, Jan. 12, 2017--Parsons, Richard J. Any economic environment, including one as encouraging as current conditions, has risks. It is unclear whether bankers are sufficiently worried about what lies ahead. There is still plenty about which to be concerned.
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Key Moments from Senate Hearing on Ben Carson
Politico, Jan. 12, 2017--Woellert, Lorraine; Cheney, Kyle Carson, a retired neurosurgeon who ran against Trump for the Republican presidential nomination, has no experience in housing policy but has cited his upbringing in inner-city Detroit to show his appreciation of the issues.
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Bank Earnings: Why This Time Is Different
Wall Street Journal, Jan. 12, 2017--Back, Aaron Things feel different as U.S. banks gear up for another quarterly earnings season. For the first time in years, they face lofty expectations.
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Ocwen Helps 75,000 Homeowners Avoid Foreclosure in 2016
National Mortgage Professional, Jan. 12, 2017 Modification programs include both the Department of the Treasury Home Affordable Modification Program, as well as proprietary modifications for those homeowners who did not qualify for a HAMP modification.
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Mortgage Firms Report Hirings
Mortgage Daily, Jan. 12, 2017--Garcia, Sam Among five remote careers identified by FlexJobs to watch in 2017 was "mortgage & real estate" with over 20 percent growth in remote job listings since January 2016. 
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Declining Mortgage Rates to Hold
Mortgage Daily, Jan. 12, 2017--Garcia, Sam Pricing on residential financing products was better this past week, and all of the latest indications are that they will be similar in the next rate report.
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New American Funding CEO Arvielo Appointed Chair of MORPAC
National Mortgage Professional, Jan. 12, 2017 The Mortgage Bankers Association announced Rick Arvielo, chief executive officer of New American Funding, has been appointed chairman of the Mortgage Bankers Association Political Action Committee (MORPAC) for the 2017-2018 election cycle.
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J.G. Wentworth Accused of Financial Foul Play in WestStar Mortgage Acquisition
HousingWire, Jan. 12, 2017 The former owner of WestStar Mortgage is claiming that J.G. Wentworth misrepresented the state of the company's financials and pushed for an accelerated closing, which was finalized just before J.G. Wentworth's stock crashed.
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HomeStreet Shares Fall on Profit Warning from Mortgage Business
MarketWatch, Jan. 13, 2017--Witkowski, Wallace HomeStreet Inc. shares fell in the extended session Thursday after the financial services company said a rise in interest rates has hurt its mortgage business.
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Former Wells Fargo Employee Sentenced to More Than Seven Years in Prison
Wall Street Journal, Jan. 12, 2017--Glazer, Emily Ronald Charles Reed, a former Wells Fargo & Co. employee who organized a bank fraud scheme to steal customer-account data was sentenced to more than seven years in prison on Thursday.
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Trump Team Signals It Will Oust CFPB’s Cordray
National Mortgage News, Jan. 12, 2017--McKendry, Ian; Berry, Kate Although Richard Cordray has a term that stretches until July 2018, Trump interviewed former Rep. Randy Neugebauer, R-Texas, for the CFPB spot on Wednesday, senior Trump spokesman Sean Spicer told reporters on a conference call.
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Weekly Jobless Claims Rise; Import Prices Push Higher
Reuters, Jan. 12, 2017--Mutikani, Lucia The number of Americans filing for unemployment benefits rose less than expected last week, pointing to a tightening labor market that is starting to spur faster wage growth.
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Nominations Open for MBA Insights 2017 Tech All-Star Awards–Deadline Feb. 1
The Mortgage Bankers Association and MBA Insights are accepting nominations for the MBA Insights 2017 Tech All-Star Awards. Nominations will be accepted through Wednesday, Feb. 1.
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