The Lede

Top National News

Marketing Mortgages–Without the Loan Officers
National Mortgage News, Mar. 17, 2017--Bonnie Sinnock (subscription)Arrive Home Mortgage, a startup mortgage lender, is catering to tech-savvy, do-it-yourself borrowers by using online and mobile tools to replace the upfront sales and marketing work of loan officers.
Full Story
Avoid Choosing Wrong Loan Officer
UExpress, Mar. 17, 2017--Lew SichelmanA finding by J.D. Power that 21 percent of homebuyers regret their choice of a lender--the dismayed first-time buyers were a shocking 27 percent--is probably misplaced.
Full Story
Jonathan Chassin on His New Gig, Nonbank Lenders and Joe Moinian
Commercial Observer, Mar. 17, 2017--Cathy CunninghamLast month, The Moinian Group officially launched its lending arm, Moinian Capital Partners, with the hiring of Jonathan Chassin.
Full Story
Trump Budget Could Worsen Flood Insurance Woes
National Mortgage News, Mar. 17, 2017--Brian Collins (subscription)The Trump administration's decision to slash all funding for the flood mapping and loss mitigation efforts in flood-prone communities is getting pushback from supporters of better flood management policies.
Full Story
CFPB May Fall Under New Executive Order to Reorganize Executive Branch
HousingWire, Mar. 17, 2017--Brena SwansonIt looks like the most recent executive order from President Donald Trump to reorganize the executive branch may apply to the Consumer Financial Protection Bureau.
Full Story
Newly Appointed Atlanta Fed President Raphael Bostic Resigns from Freddie Mac Board
HousingWire, Mar. 17, 2017--Ben LaneRaphael Bostic, the newly appointed president and chief executive officer of the Federal Reserve Bank of Atlanta, will resign from his seat on Freddie Mac's board of directors later this year, the government-sponsored enterprise announced Friday.
Full Story
Homebuyers Face Bidding Wars on Scarcer-Than-Ever U.S. Listings
Bloomberg, Mar. 17, 2017--Prashant GopalIt's the 2017 U.S. spring home-selling season, and listings are scarcer than they've ever been. Bidding wars common in perennially hot markets like the San Francisco Bay area, Denver and Boston are now also prevalent in the once slow-and-steady heartland, sending prices higher and sparking desperation among buyers across the country.
Full Story
Justice Department Turns Against CFPB in Constitutionality Case
National Mortgage News, Mar. 17, 2017--Kate Berry (subscription)The Justice Department told a federal appeals court on Friday that President Trump should have the authority to fire the head of the Consumer Financial Protection Bureau, but stopped short of asking for the bureau to be abolished.
Full Story
Key to Millennial Homeownership: Education
HousingWire, Mar. 17, 2017--Kelsey RamirezMany Millennials want to enter the housing market, and even could enter, but are unaware they already hold the resources they need for homeownership.
Full Story
Rep. Hill: It’s a Good Time to Reassess the Impact of Dodd-Frank
HousingWire, Mar. 17, 2017--Brena SwansonIn light of President Donald Trump's budget proposal, House Financial Services Committee Majority Whip French Hill, R-Ark., said the Dodd-Frank Act merits a strong review.
Full Story
U.S. Factory, Consumer Sentiment Data Boost Economic Outlook
Reuters, Mar. 17, 2017--Lucia MutikaniU.S. factory output increased for a sixth straight month in February while consumer sentiment rebounded in early March, underscoring the economy's resilience even as growth appears to have slowed significantly in the first quarter.
Full Story
4-Month High for Mortgage Loan Modifications
Mortgage Daily, Mar. 17, 2017Servicers of residential loans granted borrowers more favorable terms on their mortgages than on their original contracts at a pace that was the strongest in four months.
Full Story

Residential Finance News

Commercial/Multifamily News

MBA News