The Lede

Top National News

New Home Mortgage Applications Jump
Scotsman Guide, June 15, 2017--Victor WhitmanMortgage applications for new homes rose solidly in May, the Mortgage Bankers Association reported.
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Mortgage Rates Move Slightly Higher But Could Be Headed Back Down Again
Washington Post, June 15, 2017--Kathy OrtonMortgage rates moved slightly higher this week, reversing their month-long slide. (MBA Mike Fratantoni mention)
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Wells Fargo Denies New Allegations of Improper Mortgage Changes
The Street, June 15, 2017--Kinsey GrantWells Fargo spokesman Tom Goyda said the borrowers were notified of the changes, which have helped over one million families avoid foreclosure.
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Ally Bank Offers 0ffers 0.125% Interest Rate Discount to Entice New mortgage Customers
HousingWire, June 15, 2017--Ben LaneAccording to Ally, the 0.125% discount is available for customers who apply for a new loan or a refinance and lock in the rate between June 1 and July 31.
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Fewer Banks Offer Mortgages as Non-Banks Grow
Mortgage Daily, June 15, 2017The number of financial institutions offering mortgages has fallen, while non-bank providers are up. The shift pushed up non-bank loan officer share.
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Increase in Mortgage Rates Likely to Be Reversed
Mortgage Daily, June 15, 2017--Sam GarciaEven though fixed interest rates on residential loans moved higher this past week, there is a good chance they will be lower in next week's report.
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U.S. Fed Buys $4.7 Billion of Mortgage Bonds, Sells None
Reuters, June 15, 2017The Federal Reserve bought $4.715 billion of agency mortgage-backed securities in the week from Jun. 8 to Jun. 14, compared with $5.753 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.
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Lawmakers Remain Split as Regional Banks Press for Relief
National Mortgage News, June 15, 2017--Ian McKendry (subscription)Senate Banking Committee Chairman Mike Crapo sounded optimistic Thursday about reaching a bipartisan deal for regulatory relief, but a hearing with regional and large-bank representatives once again emphasized the gulf between what lawmakers are likely to pass and what the industry is seeking.
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Fiserv Moves to Acquire London-Based Monitise for $90 Million
HousingWire, June 15, 2017--Ben LaneFiserv, which also provides financial services technology, said that the acquisition will help the company accelerate its digital strategy and the "development of a next-generation digital banking platform for leading financial institutions worldwide."
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Residential Finance News

Commercial/Multifamily News

MBA News

Today in MBA Insights
New in today's issue of MBA Insights: With implementation of new Home Mortgage Disclosure Act rules just six months away, John Vong, CMB, CMT, of ComplianceEase, Burlingame, Calif., says time is of the essence.
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MBA National Advocacy Conference June 20-21
The Mortgage Bankers Association's annual National Advocacy Conference takes place June 20-21 at the Grand Hyatt Washington in Washington, D.C.
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