The Lede

Top National News

Mortgage Rates Quiet, Awaiting Tax Reform Outcome
Washington Post, Nov. 9, 2017--Kathy OrtonAccording to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 3.90 percent with an average 0.4 point. (MBA mention)
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Senate GOP Plan Would Delay Corporate Tax Cut, Protect Mortgage Interest Deduction
Washington Post, Nov. 9, 2017--Damian Paletta, Mike DeBonisSenate Republicans are forging their own path on the effort to overhaul the U.S. tax code, preparing a plan that would delay President Trump's top business priority and blow up House Republicans' carefully crafted compromise on state and local tax deductions.
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Digital Mortgages Advancing, But Borrowers Still Want More Speed
National Mortgage News, Nov. 9, 2017--Bonnie Sinnock (subscription)Despite digital mortgage advances, borrowers think it still takes too long to get a loan, J.D. Power finds in its annual customer satisfaction ranking of originators.
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Selling a House to Millennials? Bring a Camera, and Fake Eyelashes
Wall Street Journal, Nov. 9, 2017--Emily Glazer (subscription)A wave of young buyers ask realtors to help coordinate elaborate post-closing photo shoots for social media.
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Real Estate Tech Company Compass Raises $100 Million, Plans Massive Expansion
HousingWire, Nov. 9, 2017--Ben LaneCompass announced this week that it raised $100 million in its Series E investment round, which placed the company's valuation at $1.8 billion.
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Canny Ways to Use Reverse Mortgage Money
UExpress, Nov. 10, 2017--Lew SichelmanMore than 1 million senior homeowners have now taken out reverse mortgages. There's a good chance you might, too, once you reach age 62. But the question of how to use the money from the loan is just as important as the question of whether or not to get the loan in the first place.
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Do Justice and HUD See Eye to Eye on False Claims Act Enforcement?
National Mortgage News, Nov. 10, 2017--Brian Collins (subscription)Trump administration officials have made clear their intent to reexamine how Federal Housing Administration lenders are cited under the False Claims Act, but whether that means lenders can rest any easier is still an open question.
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Banks Seek Level Playing Field for CRE Construction Lending
National Mortgage News, Nov. 10, 2017--Brad Finkelstein (subscription)If H.R. 2148 passes, banks should be used more often as a capital source for construction loans, said Bruce Oliver, the Mortgage Bankers Association's associate vice president for policy in the commercial and multifamily group.
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DOJ Suing Northwest Trustee Services for Illegally Foreclosing on Veterans
HousingWire, Nov. 10, 2017--Ben LaneNorthwest Trustee Services, the "largest foreclosure trustee in the Pacific Northwest," illegally foreclosed on dozens of military veterans and servicemembers over the last few years, the Department of Justice claims in a new lawsuit.
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House Won’t Accept Repeal of Local Tax Break, Brady Says
Bloomberg, Nov. 12, 2017--Ben Brody, Mark NiquetteThe House of Representatives wouldn't accept a tax bill that, like the Senate's, eliminates deductions for all state and local taxes, the chairman of the House's tax-writing committee said.
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Brookfield Property Makes $14.8 Billion Offer to Acquire Remainder of GGP
Wall Street Journal, Nov. 12, 2017--Dana Mattioli (subscription)Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn't already own.
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LOS Providers Prepare for HMDA Reporting Changes
Mortgage Daily, Nov. 10, 2017--Sam GarciaMultiple loan origination systems are ready for upcoming changes to Home Mortgage Disclosure Act reporting requirements.
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Jobless Claims Rise More than Expected as Hurricane Backlog Clears
Reuters, Nov. 9, 2017--Howard SchneiderThe number of Americans filing for unemployment benefits rose more than expected last week, suggesting that claims processing disrupted by recent hurricanes has begun to improve.
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