The Lede

Top National News

Multifamily and Commercial Mortgage Lending Hits Record High
National Mortgage News, Oct. 25, 2018--Paul Centopani (subscription)High property values and low mortgage rates pushed commercial and multifamily originations beyond their projected totals in 2017 to a new market peak, according to the Mortgage Bankers Association.
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Mortgage Rates Edge Higher as Housing Market Cracks Appear
MarketWatch, Oct 25, 2018--Andrea RiquierRates for home loans ticked up, and may be starting to take a toll on buyer demand, according to data out this week.
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Title Earnings Rise Even as Mortgage Originations Fell in 3Q
National Mortgage News, Oct. 25, 2018--Brad Finkelstein (subscription)All four national title insurance underwriters saw an increase in third-quarter net earnings compared with one year prior even as new orders declined because mortgage origination volume fell this year.
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Will New FICO Model Be Key to Increasing Homeownership?
HousingWire, Oct. 25, 2018--Kelsey RamirezUltraFICO has the potential to increase the FICO score for millions of consumers, that is, if they opt in. The new model depends on consumers to "build their own credit score," and give permission for access to their bank records.
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OCC Sued Again Over Non-Bank Regulation
Mortgage Daily, Oct. 25, 2018A second lawsuit has been filed against the Office of the Comptroller of the Currency alleging that a new OCC charter for non-banks violates federal laws and procedures. But the OCC is confident in its authority.
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Large Agency MSR Offering Hits Market
Mortgage Daily, Oct. 25, 2018Included in the offering are MSRs on $2.005 billion in Fannie Mae loans, $0.310 billion in Freddie Mac mortgages and $2.917 billion in Ginnie Mae l loans.
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Ellie Mae Cuts Revenue Forecast as Mortgage Originations Slow
National Mortgage News, Oct. 25, 2018--Brad Finkelstein (subscription)Rising interest rates and the continued slowdown in mortgage originations prompted Ellie Mae to cut its revenue forecast for the full year by at least $18 million.
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Mortgage Credit Availability Reaches Post-Crisis High Among GSEs, Government Lenders
Housingwire, Oct. 25, 2018--Kelsey RamirezMortgage lenders are opening access to credit as mortgage interest rates continue to rise, according to the latest Housing Credit Availability Index from the Urban Institute's Housing Finance Policy Center.
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FCC Interpretation of Autodialer Under TCPA Threatening Industry: MBA
National Mortgage News, Oct. 25, 2018--Elina Tarkazikis (subscription)Protecting consumers from intrusive cold calls and fax-spamming is having adverse effects on the mortgage industry as the Federal Communications Commission fails to reasonably interpret language under the Telephone Consumer Protection Act, according to the Mortgage Bankers Association.
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