The Lede

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Millennials Drive Housing Confidence Higher Despite Red-Hot Prices
CNBC, Mar. 7, 2017--Diana OlickBoth buyers and sellers alike are feeling very good about the housing market this spring, even as home values hit new highs and mortgage rates move up.
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Taller Buildings Proposed for More of Seattle in Exchange for Affordable Housing
Seattle Times, Mar. 7, 2017--Daniel BeekmanDowntown Seattle and South Lake Union are the next neighborhoods where Mayor Ed Murray wants to allow taller buildings in exchange for help with affordable housing.
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Housing Bust Finally Easing For Generation X
Forbes, Mar. 7, 2017--Troy McMullenGeneration X suffered more than any other age cohort from the housing bust, but this group of home buyers finally showing signs of life.
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Here’s How Much Rocket Mortgage Helped Quicken Loans in 2016
HousingWire, Mar. 7, 2017--Ben Lane Now that the dust is settled from Rocket Mortgage's first year of existence, the question is just how much did the digital mortgage drive business for Quicken Loans?
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Federal Reserve to Stop MBS Reinvestments in 2018–Morgan Stanley
GoRion, Mar. 7, 2017--Sam BourgiThe Federal Reserve is on course to end reinvestments of its mortgage-backed securities (MBS) holdings next year, as policymakers attempt to shrink a balance sheet that swelled following the financial crisis, analysts at Morgan Stanley recently predicted.
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Mortgage Firms Ranked Among Best Employers
Mortgage Daily, Mar. 7, 2017--Sam GarciaSeveral real estate finance firms were recently named as top employers in their communities.
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Small Utah Bank Fails
Mortgage Daily, Mar. 7, 2017On Friday, the Utah Department of Financial Institutions seized control of Proficio Bank, a 16-year-old organization in Cottonwood Heights.
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e-Mortgages to Benefit RMBS Loans
Mortgage Daily, Mar. 7, 2017A new report indicates loans included in residential mortgage-backed securities will benefit from digital mortgages as long as legal issues are addressed.
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New Housing Policy: Good for Consumers, Worrisome for Lenders
Chicago Tribune, Mar. 7, 2017--Kenneth R. HarneyDavid Stevens, president and CEO of the Mortgage Bankers Association, said that if tax lien and civil judgment data is suppressed from credit reports, "it's unclear whether creditors will be able to make informed decisions" about loan applicants. Stevens said that blocking this information will raise some applicants' credit scores artificially, creating "false positives" that make individuals appear lower risk than they are.
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Industry Backs Bill to Prevent G-Fee Raids
Scotsman Guide, Mar. 7, 2017--Victor WhitmanThe Mortgage Bankers Association, the American Bankers Association, the Independent Community Bankers of America and 10 other trade groups recently signed a letter in support of the bill.
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Astoria Deal to Turn Sterling into Regional Power in New York
National Mortgage News, Mar. 7, 2017--John Reosti; Allison Prang (subscription)Jack Kopnisky is ready to take another shot at turning a lackluster thrift into a thriving commercial bank.
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Biggest Industry Pain Points with TRID Still Tied to Title and Settlement Services
HousingWire, Mar. 7, 2017--Sarah WheelerPanelists at an Ellie Mae conference said the Consumer Financial Protection Bureau's proposed changes to the rule don't address two of the biggest challenges, both of which concern lenders coordinating with title and settlement services.
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Mark Calabria, Pence’s Chief Economist: CFPB Will Survive Trump Administration
HousingWire, Mar. 7, 2017--Ben LaneDespite the concerted effort by members of the Republican Party to dismantle the Consumer Financial Protection Bureau, a top Trump administration official told attendees at a conference in Washington that the embattled agency will likely survive the Trump administration.
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MBA Education Real-Time Demand: Considerations on Mortgage Automation Webinar Today
MBA Education presents a new webinar, Real-Time Demand: Considerations on Mortgage Automation, today, Mar. 8 from 2:00-3:30 p.m. ET.
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