The Lede

Top National News

Lloyd Blankfein Prepares to Exit Goldman Sachs as Soon as Year’s End
Wall Street Journal, Mar. 9, 2018--Liz Hoffman, Joann S. Lublin (subscription)Lloyd Blankfein is preparing to step down as Goldman Sachs Group Inc.'s chief executive as soon as the end of the year, capping a more than 12-year run that has made him one of the longest-serving bosses on Wall Street.
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Nonbank Mortgage Firms Slash Jobs as Rates, Home Prices Skyrocket
National Mortgage News, Mar. 9, 2018--Brian Collins (subscription)Nondepository lenders and mortgage brokers cut 3,900 jobs in January, bringing total employment to an estimated 337,200, the Bureau of Labor Statistics reported. The estimates for December employment were also revised down by 400 jobs.
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Farmer Mac Makes New Business Gains, Sees Spike in Delinquencies
National Mortgage News, Mar. 9, 2018--Elina Tarkazikis (subscription)The Federal Agricultural Mortgage Corp. reported gains in new business volume, but also realized a big jump in 90-day delinquencies.
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3 Reasons to Be Optimistic about the Future of Non-QM Loans
HousingWire, Mar, 9, 2018--Tom MillonFor years, fans of non-QM loans have been claiming that this year is the year the market will take off. It's happening once again this year, and it's difficult to separate the reality from the hype.
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Here’s What Faster Inflation and Rising Mortgage Rates Mean for Housing
Business Insider, Mar. 11, 2018--Mark FlemingThe author, chief economist with First American Financial Corp., says healthy economic growth and strong labo market, combined with increased risk of inflation and higher interest rates, could lead to reduced home-buying power.
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U.S. Economy Creates 313,000 Jobs in February; Wage Growth Slows
Reuters, Mar. 9, 2018--Lucia MutikaniThe U.S. economy added the biggest number of jobs in more than 1-1/2 years in February, but a slowdown in wage growth pointed to only a gradual increase in inflation this year.
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Feds Make It Easier to Obtain Assistance
UExpress, Mar. 9, 2018--Lew SichelmanThe Federal Housing Finance Agency has made it easier for struggling borrowers to complete an application for mortgage help all by themselves: no outside--and expensive--assistance necessary.
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Texas Mortgage Servicing Layoffs at Wells Fargo
Mortgage Daily, Mar. 9, 2018Dozens of positions in the Lone Star State have been eliminated by Wells Fargo & Co. The affected employees work in mortgage servicing.
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Claire’s Bankruptcy Would Accompany a Shift Away From Malls
Bloomberg, Mar. 9, 2018--Lauren Coleman-Lochner, Eliza Ronalds-HannonClaire's Stores Inc., which is said to be preparing a bankruptcy to ease its crushing debt load, is simultaneously working on a second problem: its deep reliance on malls.
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Residential Finance News

Commercial/Multifamily News

MBA News

MISMO Seeks Nominations for Residential Standards Governance Committee; Deadline Mar. 21
MISMO seeks nominations for qualified industry professionals to serve the remaining term in vacated Servicing Technology and Service Provider seats on it Ressidential Standards Governance Committee.
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