The Lede

Top National News

Are We There Yet? Percentage of CRE Pros Who Believe the Cycle is at its Peak Continues to Rise
National Real Estate Investor, Nov. 15, 2017--Elaine MisonzhnikAs the current market cycle gets long in the tooth, the percentage of NREI readers who think we have reached the peak continues to gradually increase.
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The Federal Reserve Doesn’t Understand What’s Happening to a Key Economic Model, Fed’s Charles Evans Says
CNBC, Nov. 15, 2017--Joumanna Bercetche; Silvia AmaroThere's one key economic model that the Federal Reserve has struggled to understand, Federal Reserve Bank of Chicago President Charles Evans told CNBC Wednesday: the Phillips Curve unemployment vs. inflation model.
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Weekly Mortgage Applications Rise as Rates Briefly Fall Back
CNBC, Nov. 15, 2017--Diana OlickHomeowners took advantage of a pullback in interest rates at the beginning of last week, hoping to refinance before the next rise. "Additional developments surrounding the administration's tax-reform plan pushed rates lower at the beginning of the week, but this was effectively offset by news of stronger economic growth in Europe," Mortgage Bankers Association Economist Joel Kan said.
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Consumer Bureau Chief Announces Resignation
The Hill, Nov. 15, 2017--Sylvan LaneConsumer Financial Protection Burea Director Richard Cordray told his agency's employees he will resign before the end of November.
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Fannie Mae is Testing New Type of Construction Loan
Mortgage News Daily, Nov. 15, 2017--Jann SwansonWith new home building still lagging other measures of the housing recovery and lean inventories of new homes Fannie Mae is seeking ways to help. The company plans to test market at least one new product for purchasing newly constructed homes before they are built.
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Mortgage Lenders Looser Than Year Ago
Mortgage Daily, Nov. 15, 2017Home loans closed last month had lower credit scores, higher loan-to-value ratios and higher debt-to-income ratios than a year earlier. While turn times have improved over that same period, closing rates have not.
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FHA MMIF Capital Ratio Deteriorates
Mortgage Daily, Nov. 15, 2017Following four straight years of improvement, the Mutual Mortgage Insurance Fund's capital ratio deteriorated. No reduction in premiums is likely as reverse mortgages continue to be a problem.
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MBA News

MBA Education School of Loan Origination II Nov. 28-Dec. 14
MBA Education presents its popular School of Loan Origination II Instructor-Guided Online Course from Nov. 28-Dec. 14.
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