The Lede

Top National News

Why Repealing Dodd-Frank Will Fail
Mortgage Orb, June 9, 2017--Peter G. MillerThe complete demolition of both Dodd-Frank and the Consumer Financial Protection Bureau is unlikely if only because there are large numbers of representatives and senators who represent rural and underserved areas.
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Want to Buy a Home? Beware: It’s a Seller’s Market
New York Times, June 9, 2017--Ann Carrns (subscription))A tight supply of houses for sale, along with rising prices and worries about higher mortgage rates, is making buying a home a challenge in some areas this season.
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Fannie Mae Takes Friendlier Approach to Debts
The Real Deal, June 9, 2017--Kenneth HarneyThe country's largest source of mortgage money, Fannie Mae, soon plans to ease its debt-to-income (DTI) requirements, potentially opening the door to home purchase mortgages for large numbers of new buyers.
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Mortgage Rates Slide to Nearly Seven-Month Low
MarketWatch, June 9, 2017--Steve GoldsteinMortgage rates dropped for the fourth week to hit the lowest level in nearly seven months.
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Few Homeowners Use Mortgage Interest Deduction
Spokesman-Review (Wash.), June 11, 2017--Tom KellyThe mortgage interest deduction is back in the news, thanks to a new tax plan being floated by the Trump administration. While any altering of the deduction has always been viewed as a slug to the midsection by a majority of homeowners, the number of taxpayers choosing to itemize--and thus use the deduction--is fewer than expected.
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Don’t Put Your Money in a House, Says a New Report
CNBC, June 9, 2017--Diana OlickOwning a home used to be a great way to build wealth, but that equation is turning. It may be more lucrative to invest your money elsewhere.
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A New Style: HUD Secretary Ben Carson Hits Social Media to Talk Budget Cuts
HousingWire, June 9, 2017--Brena SwansonA busy week for HUD Secretary Ben Carson. And in a fashion atypical to previous HUD leaders, Carson took to social media to talk about his department's progress.
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Tips for Sealing the Deal
UExpress, June 9, 2017--Lew SichelmanWrite a love letter about the house. Add favorable clauses to the contract. Forego any contingencies. These are often cited as tactics that can help you triumph in a bidding war. But there are other ways to seal the deal.
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Does Anyone Remember How to Make a Subprime Mortgage?
Wall Street Journal, June 12, 2017--Kirsten Grind (subscription)Brokers willing to learn the lost art of making risky mortgages are in demand again.
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Trump Administration to Call for Curbs on Consumer-Finance Regulator
Wall Street Journal, June 12, 2017--Ryan Tracy (subscription)The Trump administration will recommend limits on the U.S. consumer-finance regulator and a reassessment of a broad range of banking rules in a report to be released as early as Monday.
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Nearly $600 Mil in Non-Performing GSE Loans Sold
Mortgage Daily, June 9, 2017The transaction involves 3,400 Fannie Mae mortgages that have an aggregate unpaid principal balance of $581 million.
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Gov Leads Weekly Mortgage Business Higher
Mortgage Daily, June 9, 2017With government activity leading the way, weekly new mortgage business leapt higher from the holiday week.
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