The Lede

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Sears Has ‘Substantial Doubt’ That It Can Survive
CNN Money, Mar. 22, 2017--Chris IsidoreSears Holdings, the holding company for the two iconic retail brands--Sears and Kmart, warned investors late Tuesday that it can't promise it will stay in business.
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Mortgage Applications Fall 2.7%, as Borrowers Turn to Riskier Loans
CNBC, Mar. 23, 2017--Diana OlickTotal mortgage application volume fell 2.7 percent last week from the previous week, according to the Mortgage Bankers Association. The seasonally adjusted tally stands nearly 12 percent lower than a year ago.
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Tight Supply, Higher Prices Weigh on U.S. Home Sales
Reuters, Mar. 22, 2017--Lucia MutikaniU.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers.
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‘Bond King’ Jeff Gundlach Is Betting Big on the Mortgage Market
CNBC, Mar. 22, 2017--Tim MullaneyGundlach, CEO of DoubleLine Capital, is betting that the best way to play the coming rate hikes is by holding lots of mortgages, which comprise nearly 60 percent of the holdings of his exchange-traded fund Ticker.
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The U.S. Apartment Boom, Measured in Construction Cranes
Wall Street Journal, Mar. 22, 2017--Stephanos Chen (subscription)Of 12 major U.S. metro areas, Chicago has the most cranes working on residential construction projects. Seattle comes in second.
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CoreLogic: Paying Cash for Houses Lowest in Nearly 10 Years
HousingWire, Mar. 22, 2017--Ben LaneLast year, the share of homes bought with cash fell to the lowest level since 2007, to 32.1 percent, said CoreLogic.
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FHFA: Home Price Increase Halts for Second Time Since 2012
HousingWire, Mar. 22, 2017--Kelsey RamirezThe HPI increased every month since early 2012, the only exception being November 2013 and now, January, when home prices remained flat on a month-over-month basis.
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Banks Lead Way Into Social Media Utilization
Mortgage Daily, Mar. 22, 2017--Sam GarciaPlans to increase spending on social media resources during 2017 reflect the significance of the medium, with three-quarters of bankers calling it important.
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Inside the Troubled Kushner Tower: Empty Offices and Mounting Debt
Bloomberg, Mar. 22, 2017--Caleb Melby; David KocieniewskiThe Manhattan tower co-owned by the family of Jared Kushner, President Donald Trump's son-in-law, has been losing money for three years and faces increasing loan fees in 2017, which may explain why the family has been negotiating with Chinese insurance behemoth Anbang on new financing.
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3rd Consecutive Monthly Mortgage Delinquency Drop
Mortgage Daily, Mar. 22, 2017Black Knight Financial Services reported for the third month in a row, the share of mortgages that were past due at least one month or in the foreclosure process has moved lower.
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Nationstar Names Interim CFO after Robert Stiles Departs Company
HousingWire, Mar. 22, 2017--Ben LaneThe nonbank announced Wednesday that it named Amar Patel, who previously spent 10 years with the company, as its interim chief financial officer.
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Mortgage Action Alliance Quarterly Advocacy Update Today
The first MBA Mortgage Action Alliance Quarterly Advocacy Update Webinar of 2017 will take place today, March 23 at 2:00 p.m. ET.
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