The Lede
Top National News
This Rare Bear Who Called the Crash Warns Housing Is Too Hot Again
Bloomberg, Jan. 22, 2018--Prashant GopalHouse prices are through the roof and builders' shares are soaring. When real estate investors get this confident, money manager James Stack gets nervous.
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Mortgage-Processing Delays Expected with Government Shutdown
CNBC, Jan. 22, 2018--Sarah O'BrienWith hundreds of thousands of government workers furloughed, paperwork backups are likely to occur in the mortgage-approval process. Loans backed by government-sponsored agencies Fannie Mae and Freddie Mac are unaffected by the shutdown.
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Jerome Powell’s Challenge at the Fed: Keep the Economy Humming
Wall Street Journal, Jan. 22, 2018--Nick TimiraosWith unemployment and inflation both low, the incoming chairman must navigate the central bank's rate-tightening cycle.
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HMDA Exemption Bill Passes the House
National Mortgage Professional, Jan. 22, 2018--Phil HallThe House voted 243-184 to pass the Home Mortgage Disclosure Adjustment Act (HR 2954), which is designed to eliminate compliance regulations imposed on small financial institutions by the Consumer Financial Protection Bureau.
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House Votes to End Government Shutdown, Sending Legislation to Trump
Washington Post, Jan. 22, 2018--Robert Costa, Erica Werner, Ed O'Keefe, Elise ViebeckCongress voted late Monday to reopen the government after a three-day shutdown, sending President Trump a short-term spending bill that passed after Senate Republican leaders pledged to act on immigration policy next month.
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2018 Purchase Outlook Trimmed by Mortgage Bankers
Mortgage Daily, Jan. 22, 2018This year's forecasted volume of loans used to finance a home purchase has been trimmed by the nation's mortgage bankers, leaving less overall originations expected.
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Annual Originations Slip at Finance of America
Mortgage Daily, Jan. 22, 2018Mortgage production last year was down slightly at Finance of America Holdings LLC. Also lower was the servicing portfolio and headcount.
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Amazon’s Cashierless ‘Go’ Convenience Store Set to Open
Wall Street Journal, Jan. 22, 2018--Laura StevensA new Amazon Go store, located in the base of Amazon's main headquarters in Seattle, uses computer vision and machine-learning algorithms to track shoppers and charge them for what they select, thereby eliminating checkout counters.
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