The Lede

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Commercial Mortgage Debt Tops $3 Trillion
Scotsman Guide, June 16, 2017--Victor WhitmanCommercial and multifamily debt held by banks and other major investors surpassed the $3 trillion mark for the first time ever in the first quarter, the Mortgage Bankers Association reported.
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More than Half of U.S. Renters Can’t Afford a Mortgage
MarketWatch, June 16, 2017--Jacob PassyAcross the country, only 45% of renters on average can afford the payments on a median-priced home in their area, according to new report on the state of housing from Harvard University's Joint Center for Housing Studies.
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Economists: Housing Inventory Could Soon Turn into Emergency
HousingWire, June 16, 2017--Kelsey RamirezEconomists are saying the drop in housing starts could intensify in the months ahead as building permits also saw a drop in May.
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For Millennials, Security Tops Speed in Lending Priorities
UExpress, June 16, 2017--Lew SichelmanMillennials, the population cohort whose members were practically born with electronic devices in their hands, are generally considered the most likely to finance a house through a totally automated process. But even they want some hand-holding, according to a recent survey.
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Housing Market Still Needs Fixing
Wisconsin State Journal, June 17, 2017--Joe DoyleTaxpayers already spent $187 billion to bail out these private entities, known by their colloquial names Fannie Mae and Freddie Mac. Fortunately, the Mortgage Bankers Association has stepped up with detailed recommendations to unleash the credit required.
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Cordray Fights Back Against House Republican Contempt Threat
National Mortgage News, June 16, 2017--Ian McKendry (subscription)A House Financial Services Committee report sharply criticizing the Consumer Financial Protection Bureau's handling of the Wells Fargo phony-accounts scandal was biased and left out key information, according to Richard Cordray, the agency's director.
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Senate Judiciary Committee Chair Wants Answers on Where All the Mortgage Settlement Money Went
HousingWire, June 16, 2017--Ben LaneIn Iowa Sen. Chuck Grassley's words, the Obama administration used the practice "on multiple occasions to circumvent the congressional appropriations process by funneling money to politically active organizations and thereby effectively restore funding to organizations that Congress deliberately defunded."
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Radian Relaxes LTV Ratios
Mortgage Daily, June 16, 2017Radian Guaranty Inc. has increased the allowable maximum loan-to-value ratio on some of its mortgage insurance products.
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Credit Unions Gain Mortgage Market Share
Mortgage Daily, June 16, 2017As the quarterly volume of residential loan production sank, credit unions successfully captured a bigger piece of the U.S. mortgage market.
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