The Lede

Top National News

Mortgage Rates Pull Back After Last Week’s Sharp Increase
Washington Post, Oct. 18, 2018--Kathy OrtonAfter the biggest one-week spike in two years, fixed mortgage rates retreated this week. (MBA mention)
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MBA: Home-Purchase Market Looks Bright
Scotsman Guide, Oct. 18, 2018--Victor WhitmanChallenging times for mortgage companies are expected to continue next year, but the news is not all bad. The outlook for home-purchase loans, now the industry's mainline source of business, looks solid in 2019 and beyond, Mortgage Bankers Association analysts said this week at the annual convention in Washington, D.C.
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Fannie, Freddie Looking to Increase Mortgage Loan Limits
Daily Breeze (Calif.), Oct. 18, 2018--Jeff LazersonThe Federal Housing Finance Agency, which is both the conservator and the regulator for Fannie Mae and Freddie Mac, will likely increase the maximum loan limits for Fannie and Freddie according to Andy Leventis, FHFA's deputy chief economist. (MBA mention)
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‘We Do Not Determine our Destiny;’ a Sit-Down with Outgoing Freddie CEO
American Banker, Oct. 18, 2018--Hannah Lang (subscription)Donald Layton has just under a year before he retires as CEO of Freddie Mac after more than 40 years in the financial services industry, but the coming months are shaping up to be some of the most formative at the company since Layton joined in 2012.
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The Key to Easing Mortgage Defaults
DS News, Oct. 18, 2018--Radhika OjhaShort-term liquidity is a key factor in driving mortgage default, according to a research by the JPMorgan Chase Institute. The research, titled, Falling Behind: Bank Data on the Role of Income and Savings in Mortgage Default, measured the impact of a mortgage payment and principal reduction on default and consumption.
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CFPB Asks for Investigation Into Official’s Racial Remarks
Wall Street Journal, Oct. 18, 2018--Yuka Hayashi (subscription)The Consumer Financial Protection Bureau has asked an independent government watchdog to investigate past racial remarks made by Eric Blankenstein, its top enforcement official. CFPB acting Director Mick Mulvaney has sent an investigation request to the inspector general's office for the Federal Reserve and CFPB.
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Fannie Cuts 2018, 2019 Origination Forecast
Mortgage Daily, Oct. 18, 2018The latest housing forecast from Fannie Mae has this year's mortgage originations coming in $35 billion less than previously expected, while next year's outlook was cut by $61 billion.
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Mortgage Rate Forecasts Have Little Change Ahead
Mortgage Daily, Oct. 18, 2018--Sam GarciaEllie Mae Inc.'s Origination Insight Report indicated average 30-year note rates on single-family loans closed last month were 4.91 percent.
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Former LandCastle Title CEO Nat Hardwick Found Guilty of Embezzling $26 Million
HousingWire, Oct. 18, 2018--Ben LaneNathan (Nat) Hardwick, the former chief executive officer of LandCastle Title and former managing partner of Morris Hardwick Schneider, was found guilty late last week of embezzling more than $25 million from his former companies, bringing an end to a massive scandal that destroyed a prominent real estate firm and left hundreds of people without jobs.
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