The Lede

Top National News

Drop in Nonbank Mortgage jobs May Signal Market Shift Back to Banks
National Mortgage News, Jan. 5, 2018--Brian Collins (subscription)Recent market share gains by nonbank mortgage lenders have come primarily from refinance originations. But as refis decline and purchase mortgages remain muted by limited available housing inventory, depository mortgage lenders may be in a position to recapture market share.
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Fed’s Harker: Two Rate Increases in 2018 Likely Appropriate
Wall Street Journal, Jan. 5, 2018--Michael S. Derby (subscription)Federal Reserve Bank of Philadelphia President Patrick Harker said Friday he is expecting the U.S. central bank to raise rates fewer times in 2018 than it did the year before, adding that officials have time to take stock of the economy before moving again.
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Collateral Analytics Sues Nationstar for Allegely Stealing Trade Secrets
HousingWire, Jan. 5, 2018--Ben LaneIn a lawsuit filed earlier this week in federal court, Collateral Analytics claims that Nationstar Mortgage stole the company's proprietary property valuation technology, had a subsidiary replicate it, and is now trying to push Collateral Analytics aside to sell "knock-offs" of the company's software to other market participants.
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Experts: 2018 Set to Be Best Economic Year Since Housing Crisis
HousingWire, Jan. 5, 2018--Kelsey RamirezAlthough December's job report numbers disappointed experts' expectations, many explained that the end-of-year increase in construction jobs is just what the housing market needed.
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Wells Fargo’s 2017 Silver Lining Is a Drop in Consumer Complaints
Bloomberg, Jan. 5, 2018--Shahien NasiripourComplaints lodged against the lender with the Consumer Financial Protection Bureau through Dec. 15 dropped 18 percent from the same period of 2016, the steepest decline among major banks, federal figures show. Still, it remained first among that group in total complaints.
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Wintrust Closes Deal with Veterans First Mortgage
Chicago Daily Herald, Jan. 5, 2018Wintrust Mortgage also acquired servicing rights from Veterans First Mortgage on 8,300 loans, totaling an estimated $1.4 billion in principal balance.
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Bank Owner Pleads Guilty to Mortgage Fraud
Mortgage Daily, Jan. 5, 2018Shaun Hayes, the controlling shareholder of now shut-down Excel Bank in Missouri, admitted to deceiving officials about his interest in loans made by the bank and to mortgage fraud.
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Record Cashout Share as Mortgage Business Rises
Mortgage Daily, Jan. 5, 2018As rising rates have driven down the share of borrowers seeking rate-term refinances to the lowest level in six months, rising home values have driven the share of borrowers seeking cashout loans to a record high.
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Large Deals Dominate New York Office Market as Financial Firms Staff Up
Wall Street Journal, Jan. 7, 2018--Keiko Morris (subscription)Fast growth at technology advertising and media companies made tenants in those industries the darling of Manhattan's office market in recent years, but in 2017 the spotlight shifted back to tenants that traditionally have been the bread and butter of the city's office landlords.
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Situs Strikes Deal to Buy Mountainview Financial Solutions
National Mortgage News, Jan. 5, 2018--Bonnie Sinnock (subscription)Situs agreed Friday to buy mortgage servicing rights valuation and brokerage firm MountainView Financial Solutions in a deal set to close this month.
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Top Hensarling Aide to Become CFPB Chief of Staff
HousingWire, Jan. 5, 2018--Ben LaneThe Trump administration is appears to be set to appoint Kirsten Sutton Mork, who currently serves as the House Financial Services Committee's staff director, to chief of staff of the Consumer Finanicial Protection Bureau.
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Homes in Ten Years
UExpress, Jan. 5, 2018--Lew SichelmanFuturist Morris Miselowski says technology will be a big driver, permeating practically every corner of our lives. But he sees a number of other trends that will have taken hold a decade from now, including multifunctional furniture, structures designed to accommodate three generations under a single roof and houses that monitor our health.
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MBA News

MBA National Advocacy Conference Apr. 24-25
The Mortgage Bankers Association's annual National Advocacy Conference takes place Apr. 24-25 at the Capital Hilton in Washington, D.C.
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Save on Risk Management Consultations, Employee Screening Packages through MBA Member Advantage Program
Your MBA membership entitles you to discounts on services such as office supplies, car rental, shipping, employee benefit services and more though our affinity program, MBA Member Advantage.
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