The Lede
Top National News
Empowering Women in Real Estate Finance
Mortgage Women Magazine, September 2017--Marcia DaviesMBA COO Marcia Davies says creating a space for women to advance and providing tools so they can reach their full potential must be a collective goal of the real estate finance industry.
Full Story
The Fed, a Decade After the Crisis, Is About to Embark on the Great Unwinding
Wall Street Journal, Sept. 18, 2017--Nick Timiraos (subscription)The Federal Reserve resorted to a series of shock-and-awe stimulus campaigns to stabilize the economy after the financial crisis. Now the Fed is preparing the final move to unwind its support--and it wants to be as boring as possible.
Full Story
Survey Finds 20 Percent of Millennials Are Homeowners
National Mortgage Professional, Sept. 18, 2017--Phil HallA new survey found only 20 percent of Millennial respondents own a home while carrying a student debt load ($41,200) greater than their annual income ($38,800).
Full Story
Equifax, Wells Fargo Fiascos Prove Housing Needs Immediate Reform
HousingWire, Sept. 18, 2017--Jacob GaffneyHousingWire Editor in Chief says latest issues must spur Congress to take action on a number of housing finance fronts.
Full Story
CFPB Settles With Owners of Wall Street’s Worst Student Debt
Bloomberg, Sept. 18, 2017--Shahien NasiripourThe Consumer Financial Protection Bureau had accused the National Collegiate Student Loan Trusts of illegally collecting from thousands of distressed borrowers using faulty paperwork, back-dated documents and other deceptive or unfair means.
Full Story
State Licensed Loan Originators at Record High
Mortgage Daily, Sept. 18, 2017Including loan officers at financial institutions and at non-bank mortgage firms, there were 562,469 people registered in the Nationwide Mortgage Licensing System as of the second quarter.
Full Story
Non-Banks Grab Mortgage Market Share from Banks
Mortgage Daily, Sept. 18, 2017Over the past year, the nation's banks have given up mortgage market share to non-bank home lenders. Credit union share also widened.
Full Story
Federal Reserve Expected to Hold US Interest Rates Steady
Voice of America, Sept. 18, 2017--Jim RandleU.S. central bank leaders are expected to hold the key interest rate steady this week, but they may begin trimming a huge bond-buying program that was intended to boost economic growth.
Full Story