The Lede

Top National News

Factory Homes May Be Better
Uxpress, Apr. 27, 2018--Lew SichelmanThe next time you get behind a slow-moving tractor-trailer hauling what looks like a house, or parts of one, don't scoff. The end result may be a better-built, less-expensive place than the one you live in.
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MBA Opens Doors Helps 2,000-Plus Families Nationwide
National Mortgage Professional, Apr. 27, 2018--Phil HallThe Mortgage Bankers Association's Opens Doors Foundation announced it surpassed providing mortgage or rental payment assistance grants to more than 2,000 families across the country. The grants are made to families with critically ill or injured children, allowing parents and guardians to be by a child's side during treatment, without fear of jeopardizing their home.
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Freddie Mac Examines Loan to Possible Rent-to-Own Housing Provider
New York Times, Apr. 27, 2018--Matthew GoldsteinFreddie Mac, the huge government housing-finance company, is reviewing whether it inadvertently lent support to a company that specializes in a type of rent-to-own program that critics call predatory.
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Mortgage Application Defect Risk Driven by Local Conditions
National Mortgage News, Apr. 27, 2018--Elina Tarkazikis (subscription)While mortgage application defect risk declined overall in March, at the local level it varied considerably, according to First American Financial Corp.'s Loan Application Defect Index.
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LendingTree’s CEO Got $60 Million After Signing New Contract
Bloomberg, Apr. 27, 2018--Anders MelinLendingTree Inc. founder and Chief Executive Officer Douglas Lebda got a $59.6 million compensation package last year as its shares rose 236 percent.
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Mortgage REIT Merger: Two Harbors Acquiring CYS Investments
HousingWire, Apr. 27, 2018--Ben LaneTwo Harbors Investment Corp., a mortgage real estate investment trust, shuttered its mortgage securitization business, wherein the REIT bought jumbo mortgages and securitized them. Now, the company is preparing to expand its agency RMBS business by acquiring CYS Investments, a fellow mortgage REIT that specializes in investing in agency RMBS backed by fixed-rate single-family residential mortgage loans, adjustable-rate mortgages and hybrid ARMs.
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Why Did the Avengers Partner with a Mortgage Lender?
Marketplace, Apr. 27, 2018--Aaron SchrankRocket Mortgage's partnership with what's already expected to become one of the highest grossest movies ever began with a TV commercial during the NCAA's March Madness.
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Staffing, Servicing Expand at Guild Mortgage
Mortgage Daily, Apr. 27, 2018In addition to increasing the size of its loan servicing portfolio, Guild Mortgage Co. grew its payroll thanks to an acquisition.
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Rise in Purchases More than Offset by Refi Plunge
Mortgage Daily, Apr. 27, 2018At 123 for the seven-day period that ended on April 27, the U.S. Mortgage Market Index from Mortgage Daily was down by 15 percent from last week.
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Growth Cooled in First Quarter as Consumers Reined In Spending
Wall Street Journal, Apr. 27, 2018--Harriet Torry, Theo Francis (subscription)U.S. economic growth slowed in the first quarter, as consumers reined in spending even after tax cuts fattened the wallets of many households.
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MBA Advanced Risk Management for Mortgage Pros Workshop in Washington June 11-13
MBA Education presents its popular Advanced Risk Management for Mortgage Pros Workshop June 11-13 in Washington, D.C.
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