The Lede
Top National News
Commercial and Multifamily Origination Volume Takes Drop
National Mortgage Professional, Nov. 19, 2018--Phil HallOrigination volume for commercial and multifamily properties took a drop in the third quarter, according to new data from the Mortgage Bankers Association.
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Housing Market Starting to Cool Down
Washington Post Writers Group, Nov. 19, 2018--Kenneth R. HarneyDon't call it a "buyer's market." Don't call it a "correction." But the fact is that a sobering change is taking shape in the housing market - an unmistakable cooling trend that defies an economy that is showing impressive growth, has the lowest unemployment rate in years and the highest home-equity levels on record.
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Lower Credit Score Mortgages Inch Up Amid Broader Subprime Resurgence
National Mortgage News, Nov. 19, 2019--Bonnie Sinnock (subscription)Subprime originations are climbing in multiple consumer loan categories, including mortgages, but the increase is much smaller in the home loan sector than it is in other markets, according to TransUnion.
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Black Knight Paying $375 Million to Help Buy Dun & Bradstreet
HousingWire, Nov. 19, 2018--Ben LaneThrough the deal, Black Knight will acquire an economic ownership interest of less than 20% in the re-capitalized Dun & Bradstreet. As part of the deal, Anthony Jabbour will assume the role of CEO of Dun & Bradstreet, in addition to continuing to serve as Black Knight's CEO.
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‘We Know How Lucky We Were’
Politico, Nov. 20, 2018--Lorraine WoellertAn epic housing shortage has collided with the largest cohort of young adults in the country's history. That has sent prices into the stratosphere and put homebuying out of reach for many, especially in job centers. The perverse result: Only affluent first-time buyers are able to capitalize on the wealth-building tool of homeownership. (MBA mention)
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Fed Official Quarles Poised to Lead Financial Stability Board
Wall Street Journal, Nov. 19, 2018--Ryan Tracy (subscription)Randal Quarles, the Fed's vice chairman for bank supervision, is expected to be named to chair the Financial Stability Board, sources said.
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Free Vacations, $100,000 Discounts: Homebuilders Get Desperate
Bloomberg, Nov. 20, 2018--Prashant GopalHot markets are cooling fast as interest rates rise. In the great housing slowdown of 2018, shoppers are reclaiming the upper hand, after years of soaring prices that placed most inventory out of reach for many families.
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