The Lede

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A Handful of Traders Actually Think the Fed Could Hike a Half Point This Week
CNBC, Sept. 24, 2018--Jeff CoxAction in the fed funds futures market this week indicates an 8 percent chance the Fed will approve a half-point interest rate hike this week. While there's practically no chance of that happening, the trading indicates a market coming to grips with a more hawkish Fed.
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Mortgage Fraud is on the Increase
Washington Post Writers Group, Sept. 24, 2018--Kenneth R. HarneyPrices are up, interest rates are rising, and it's tough for a lot of people to qualify to buy a home. So what do some of them do? A growing number of them fake it.
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SFR Landlords Have Room to Raise Rents in Most Markets
National Real Estate Investor, Sept. 24, 2018--Bendix AndersonLow vacancy and prohibitive house prices give single-family rental tenants incentives to accept rent increases.
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Freddie Mac Forecasts Fewer Home Sales This Year
National Mortgage Profesional, Sept. 24, 2018--Phil HallFreddie Mac said total home sales--covering both new and existing properties--will decrease by 0.9 percent from 6.12 million in 2017 to 6.07 million this year, while single-family first-lien mortgage originations will drop by roughly 9 percent this year to $1.65 trillion and home price growth will moderate to 5.5 percent.
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Why It Will Be Hard to Find New CEOs for Fannie and Freddie
National Mortgage News, Sept. 24, 2018--Bonnie Sinnock (subscription)The return to financial stability at Fannie Mae and Freddie Mac resolves a big problem from the past, but each government-sponsored enterprise must now turn to a task that will shape its future: picking a new CEO.
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FHFA Debuts New Housing Affordability Metric
HousingWire, Sept. 24, 2018--Jeremmiah JensenNew study found that there are differing levels of affordability for certain groups of individuals.
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USAA to Cut 265 Jobs in Its Real Estate and Mortgage Lending Divisions
American Banker, Sept. 24, 2018--Bonnie Sinnock (subscription)USAA will eliminate 265 home sales and lending positions, but it already has offered nearly 100 of the affected workers different jobs within its mortgage unit.
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Chase Philadelphia Expansion Includes Mortgages
Mortgage Daily, Sept. 24, 2018A major expansion planned by JPMorgan Chase & Co. in the Delaware Valley over the next few years includes plans for its mortgage business.
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2018 Mortgage Origination Outlook Cut Due to Refis
Mortgage Daily, Sept. 24, 2018An improved outlook for home purchase financing this year was was wiped out by a big drop in expected refinancings. But next year's forecast was cut thanks to lowered purchase-money expectations.
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