The Lede

Top National News

Survey Says It’s A Sellers’ Market
Banker & Tradesman, June 12, 2017--Jim Morrison (Subscription)The share of Americans who think now is a good time to buy fell 8 percent to a record-low 27 percent last month, the Fannie Mae Home Purchase Sentiment Index said.
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RBS Nearing $4.5 Billion Settlement Over Mortgage-Backed Securities Sales
The Street, June 12, 2017--Kinsey GrantRoyal Bank of Scotland Group PLC is in advanced negotiations with the Federal Housing Finance Agency to cut a deal related to the 2008 sale of toxic mortgage bonds to U.S. government-backed loan firms Fannie Mae and Freddie Mac.
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Supreme Court Sides with Banks in Debt Servicing Case
National Mortgage News, June 12, 2017--John Heltman (subscription)Banks and other firms collecting defaulted debt originated by another company are not subject to the kinds of restrictions placed on third-party debt collectors, the Supreme Court ruled Monday in a unanimous decision.
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Do Lenders Really Need to Co-Market with Real Estate Agents?
National Mortgage News, June 12, 2017--Bonnie Sinnock (subscription)Co-marketing arrangements between mortgage companies and real estate brokerages have long been a staple of the housing industry. But mounting compliance risks and an evolving landscape for how consumers shop for homes and loans to pay for them has some lenders re-examining their relationships.
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Will Robots Eventually Replace Most of Your Mortgage and Real Estate Jobs?
HousingWire, June 12, 2017--Jacob GaffneyAccording to a website, called Will Robots Take My Job?, developed by Mubashar Iqbal and designed by Dimitar Raykov, robots will indeed take over. By some estimations, millions of jobs are at risk across the nation. And this appears especially true for many mortgage and real estate jobs.
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These Cities Have Too Many Stores, and They’re Still Building
Bloomberg, June 12, 2017--Patrick Clark, Dorothy GambrellAcross the U.S., retail real estate development that outpaced demand marked the early years of the new millennium. Now retailers are going bankrupt at a record rate, and hedge funds are betting against the commercial mortgages used to finance mall properties.
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Mortgage Bankers Lift Q3 Refi Forecast
Mortgage Daily, June 12, 2017Mortgage bankers have grown slightly more optimistic about their expectations for refinance originations during the third quarter of this year, the Mortgage Bankers Association said.
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Mortgage Recruiters Hire Entire Retail Teams
Mortgage Daily, June 12, 2017--Sam GarciaWhile some mortgage banking firms are handling new hires one at a time, others are recruiting entire teams of retail loan originators.
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No Money? No Problem: Zero-Down Payment Mortgages are Back
Miami Herald, June 12, 2017--Kenneth R. HarneyThey were all the rage--then the scourge--of the housing boom and bust. Now they're back, big time: Home mortgages that require tiny or zero-down payments from buyers.
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Trump Administration Says Financial Watchdog Agency Should Be Defanged
New York Times, June 12, 2017--Alan Rappeport, Matthew GoldsteinIn a report released late Monday, the Treasury Department said the Consumer Financial Protection Bureau should be substantially stripped of its powers, accusing the agency of regulatory overreach and saying the president should be able to remove its director.
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MBA News

MBA Education School of Mortgage Servicing July 17-27
MBA Education presents its popular School of Mortgage Servicing instructor-guided online course July 17-27.
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