The Lede
Top National News
Where the Loss of the Second-Home Mortgage Deduction Would be Felt the Most
Washington Post, Nov. 6, 2017--Christopher IngrahamThe House Republican tax proposal would eliminate deductions for mortgages on second homes. This could have a significant impact on certain areas of the country where vacation and second homes make up a disproportionate chunk of the local housing market.
Full Story
Dudley to Leave Fed in Mid-2018 Amid Leadership Overhaul
Bloomberg, Nov. 6, 2017--Matthew BoeslerFederal Reserve Bank of New York President William Dudley plans to retire in the middle of next year, signaling the departure of an influential, crisis-tested policy maker that will widen the leadership overhaul at the U.S. central bank.
Full Story
U.S. Banks Eased Lending Standards for Business Loans in Third Quarter: Fed
Reuters, Nov. 6, 2017--Lindsay DunsmuirLoan officers at U.S. banks reported easing standards for business loans while terms for commercial real estate loans remained unchanged, a Federal Reserve quarterly survey showed on Monday.
Full Story
FHA’s Endorsements Solidly Higher
Mortgage Daily, Nov. 6, 2017Residential endorsements jumped to the highest level in seven months at FHA, while commercial real estate activity was the highest in at least four years. Delinquency worsened, however.
Full Story
Mixed Results at Ocwen as Servicing Diminishes
Mortgage Daily, Nov. 6, 2017Ocwen Financial Corp. reported growth in mortgage assets and improvement in delinquency. Servicing, however, declined, while losses continued, and originations were mixed.
Full Story
Senate Tax Bill Likely to Keep $1 Million Mortgage Cap
Bloomberg, Nov. 6, 2017--Laura LitvanSenate tax writers are planning on keeping the mortgage interest deduction limit at $1 million, unlike the House legislation released last week that set a cap of $500,000 for new home sales.
Full Story
Freddie Mac Warns Lenders About Selling System Outage
National Mortgage News, Nov. 6, 2017--Bonnie Sinnock (subscription)Users were having trouble accessing Freddie Mac's selling system Monday afternoon, according to an alert issued by the government-sponsored enterprise.
Full Story
What Happens to FHA Lending if the DOJ Eases Enforcement?
HousingWire, Nov. 6, 2017--Brena SwansonWhat this potential change means for smaller players in the FHA lending space if the big banks jump back in remains to be seen, but regardless, FHA lenders could soon be operating in a whole new world.
Full Story
CRE Economists Say New Fed Chair Nominee Not Likely to Rattle the Market
National Real Estate Investor, Nov. 6, 2017--Mary DiduchPresident Donald Trump last Thursday nominated Federal Reserve governor Jerome Powell as the central bank's new chairman. Real estate economists do not expect Powell to force dramatic changes in monetary policy.
Full Story
Residential Finance News
Commercial/Multifamily News
MBA News
Make Your Voice Heard through MBA Mortgage Action Alliance
The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.
Full Story