The Lede

Top National News

Big Metropolitan Cities Are Seeing High Levels of Residential Segregation, Study Finds
CNBC, May 24, 2018--Javier DavidSome of the largest housing markets in the United States also happen to be the most racially segregated, according to a study released Thursday.
Full Story
After a Banner 2017, Housing Stocks Pace for Worst Year Since the Financial Crisis
CNBC, May 24, 2018--Rebecca UngarinoHousing stocks, among the top performers of 2017, are biting the dust. Homebuilders as a group have sunk more than 12 percent this year.
Full Story
Trump Signs Dodd-Frank Rollback
The Hill, May 24, 2018--Sylvan LanePresident Trump on Thursday signed a bipartisan bill to loosen key portions of the Dodd-Frank Act of 2010, cementing the first major changes to President Obama's landmark banking laws.
Full Story
Mortgage Rates Have Been Rising at a Pace Not Seen in Almost 50 Years
Washington Post, May 24, 2018--Kathy OrtonAccording to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 4.66 percent with an average 0.4 point. Meanwhile, mortgage applications declined again last week, according to the latest data from the Mortgage Bankers Association.
Full Story
Dodd-Frank Reform Could Make it Easier to Get a Mortgage, May 24, 2018--Rachel WitkowskiIt should be easier for you to get a mortgage now that President Donald Trump has signed legislation that will lift lending restrictions on community banks. Congress' move received praise from David Stevens, president and CEO of the Mortgage Bankers Association.
Full Story
Deutsche Bank Axes 7,000 Jobs in Major Cost-Cutting Move
Reuters, May 24, 2018--Tom SimsDeutsche Bank is cutting more than 7,000 jobs to reduce costs and restore profitability, mainly in New York and London and where it has been losing ground to U.S. rivals.
Full Story
1,000 Cuts to Dodd-Frank: Tracking Trump’s Wave of Deregulation
Bloomberg, May 24, 2018--Yalman Onaran (subscription)Trump signed into law on Thursday a bill that provides community and regional banks with relief, exempting them from significant oversight. Last year, he pledged to "do a big number" on the 2010 Dodd-Frank Act, the bedrock law enacted to prevent a future financial meltdown. Yet the latest move is relatively restrained, leaving most of the act intact.
Full Story
Agency Approved Mortgage Banker for Sale
Mortgage Daily, May 24, 2018A shell mortgage banking business with full agency approvals is being offered for sale to the highest bidder through the auction process.
Full Story
Mortgage Rates Climb to 7-Year High, Could Fall
Mortgage Daily, May 24, 2018--Sam GarciaAlthough interest rates on single-family loans jumped to the highest level in seven years, one short-term forecast has them retreating in the upcoming week. But long-term forecasts call for further escalation.
Full Story
Some Low-Income Buyers Don’t Prepare to Get a Mortgage: Fannie Mae
National Mortgage News, May 24, 2018--Brad Finkelstein (subscription)A group of low- and moderate-income first-time homebuyers tracked in a Fannie Mae study did not properly prepare to get a mortgage, which created a prolonged and complicated purchase process.
Full Story

Residential Finance News

Commercial/Multifamily News

MBA News