The Lede

Top National News

Mortgage Rates Dip Slightly, Continuing to Hover Near Yearly Lows
Washington Post, June 22, 2017--Kathy OrtonIt doesn't appear home loan rates will make any big moves in the foreseeable future.
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Berkshire Hathaway Extends $1.8 Billion Rescue Plan for Troubled Canadian Mortgage Lender
USA Today, June 22, 2017--Roger YuBerkshire Hathaway, the conglomerate controlled by Warren Buffett, agreed Wednesday to buy a stake in the troubled Canadian mortgage lender Home Capital Group in a $1.8 billion rescue plan.
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Buying A Home Sight Unseen Is Easier Than Ever-and More Common
Wall Street Journal, June 22, 2017--Katy McLaughlin (subscription)It takes a confident buyer to purchase a house without stepping foot in it first. Advances in virtual reality and other technology have taken away some of the surprises.
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More New Homebuyers, Fewer Homes to Buy
National Mortgage Professional, June 22, 2017--Phil HallTwo new data reports are offering a potentially problematic view of today's housing market: more people are interested in pursuing homeownership, but fewer properties are available.
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Fewer Borrowers Late on their Loan Payments in May
National Mortgage News, June 22, 2017--Brad Finkelstein (subscription)Black Knight Financial Services reported 1.93 million properties where the borrower was at least 30 days late with their mortgage payment, down 145,000 from April.
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Renters Now Setting their Sights on Homeownership
HousingWire, June 22, 2017--Kelsey RamirezAmericans are shifting their preferences from renting to home buying, an analysis by TransUnion for the first quarter showed.
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Top-Heavy U.S. Housing Market Is Crowding Out the Little Guys
Bloomberg, June 22, 2017--Michelle JamriskoThe supply that is being added to the market has been lopsided, with more affordable homes getting short shrift as builders play to the luxury market. This has coincided with more sales on the high end, while bargain buyers have fewer choices--a potentially destabilizing trend.
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U.S. Jobless Claims Rise, Labor Market Still Tight
Reuters, June 22, 2017--Lindsay DunsmuirInitial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 241,000 for the week ended June 17, the Labor Department said Thursday.
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Marketing Lessons From $1B Clooney Tequila and Fallen Fintech Lender Sindeo
The Basis Point, June 22, 2017--Julian HebronEven if you haven't heard of Sindeo, when a fintech brand like this falls, you better hear the sound because there are lessons here for all of us. Let's start with the ‘fintech disruption' narrative that's dominated lender and bank marketing in recent years.
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9-Yr Low for Freddie’s Single-Family Delinquency
Mortgage Daily, June 22, 2017Residential loan delinquency again turned lower at Freddie Mac, this time to the lowest level in nearly a decade.
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Mortgage Servicing, Staffing Expand at Caliber
Mortgage Daily, June 22, 2017Over at Caliber Home Loans Inc., staffing has expanded by more than 1,500 employees during the past 12 months.
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MBA: Lower Commercial and Multifamily Originations Forecasts
National Mortgage Professional, June 22, 2017--Phil HallThe Mortgage Bankers Association is forecasting the level of commercial and multifamily mortgage originations will end 2017 with a whimper instead of a bang.
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Fed’s Stress Tests Bolster Case for Easing Bank Rules
Wall Street Journal, June 22, 2017--Ryan Tracy, Telis Demos (subscription)The largest U.S. banks survived a hypothetical "stress test" and could continue lending even during a deep recession, the Federal Reserve said, a strong report card that could bolster the industry's case for cutting back regulation.
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Housing Industry’s Largest Trade Groups Want CFPB Director Replaced by Bipartisan Commission
HousingWire, June 22, 2017--Ben LaneMore than 20 of the housing industry's largest trade groups are calling on Congress to enact legislation that would change the leadership structure of the Consumer Financial Protection Bureau from a single director to a bipartisan commission.
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Residential Finance News

Commercial/Multifamily News

MBA News

Today in MBA Insights
New in today's issue of MBA Insights: In conjunction with this week's MBA National Advocacy Conference in Washington, we provide MBA's top residential issue priorities with lawmakers and regulators for 2017.
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