The Lede

Top National News

Cities Now Use Taxes to Fight Blight. Is It Working?
Governing Magazine, May 14, 2018--J. Brian CharlesSome cities are turning to vacant property taxes to nudge property owners of both retail and residential spaces to lease, develop or sell their properties before a short-term vacancy turns into what some cities see as blight.
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4 Things Mortgage Industry Marketers Need To Be Doing
Forbes, May 14, 2018--Steve OlenskiIt appears many in the mortgage industry have been marketing themselves the same way since 2008, when the recession was in full swing. We're talking paper fliers, mailing ads and other ‘archaic' methods.
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Millennials Hit Obstacles in Search of Homeownership
National Mortgage Professional, May 14, 2018--Phil HallA new survey conducted by The Harris Poll on behalf of Trulia found that 98 percent of Millennials planning to buy in the next year have run into obstacles that prevent them from making a purchase at this time.
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Angel Oak Mortgage Plans to Double Down on Non-QM Lending in 2018
National Mortgage News, May 14, 2018--Bonnie Sinnock (subscription)Angel Oak Mortgage, which originated more than $1 billion in loans outside the ability-to-repay rule's safe harbor last year, plans to produce at least twice that volume in 2018.
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loanDepot Lifts Home Lending from Year Earlier
Mortgage Daily, May 15, 2018Quarterly mortgage originations were up from the same period last year at loanDepot LLC. The company trimmed its servicing and staffing from year-end 2017.
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Multifamily Market Poised for Tumble
Mortgage Daily, May 15, 2018--Rick ShargaThe author, with Carrington Mortgage Holdings, says despite some needed price corrections in some overheated markets, there is more than enough demand--and capital--for the multifamily sector. (MBA mention)
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Volcker Rule Rewrite Is Said to Drop Key Trading Burden on Banks
Bloomberg, May 15, 2018--Jesse Hamilton, Benjamin BainAdditional changes the regulators intend to propose include making it easier for banks to stockpile assets that their customers may want to buy in the near term and dialing back compliance burdens for smaller lenders. The agencies expect to release the proposal by the end of the month.
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Mortgage Relief for Those Impacted by Hawaiian Volcano
DS News, May 14, 2018--David WhartonSeveral lenders, including Wells Fargo and Bank of Hawaii, have announced mortgage relief for homeowners impacted by the disaster.
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