The Lede

Top National News

Mortgage Rates Fall, Reaching Nearly Three-Year Low
Washington Post, July 25, 2019--Michele LernerMortgage rates dipped slightly to a nearly three-year low because of concern about a potential global economic slowdown and some weak home sale news. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average fell to 3.75 percent with an average 0.5 point. (MBA mention)
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This City Has The No. 1 Most Stable Housing Market in the Country
MarketWatch, July 25, 2019--Jacob PassyFor the fifth year in a row, Boulder, Colo. ranked as the best housing market nationwide based on home price growth and stability, a new report from SmartAsset found.
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Amazon’s New York Office Hunt Includes WeWork-Owned Lord & Taylor Building
Wall Street Journal, July 25, 2019--Eliot Brown, Suzanne Kapner (subscription)Amazon.com Inc. is scouring New York City for new office space, including the historic building that formerly housed Lord & Taylor's flagship store. Months after abandoning plans to build a giant campus in New York City, the e-commerce company has held talks with WeWork Cos. to lease as much as the entire 12-story building-big enough to fit several thousand employees.
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Altisource Nearly Halves Its Loss with Field Services, Hubzu Gains
National Mortgage News, July 25, 2019--Bonnie Sinnock (subscription)Altisource Portfolio Solutions cut its previous-quarter net loss by 49% in its most recent fiscal period, when property maintenance revenue and new Hubzu real estate auction site inventory increased.
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N.Y. Attorney General Opposes Ditech Sale, Announces Investigation into Reverse Mortgage Business
HousingWire, July 25, 2019--Jessica GuerinThe office of Attorney General Letitia James filed a brief this week to oppose the servicer's attempt to get around statutory protections for homeowners through its bankruptcy plan.
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House Revives Effort to Allow Nontraditional Data in Credit Scores
American Banker, July 25, 2019--Neil Haggerty (subscription)House lawmakers are considering legislation to expand the data included in credit reports, despite warnings that certain types of alternative credit data items could hurt consumers.
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FHA Temporarily Pulls Plug on Loan Review System Due to ‘Errors and Data Loss’
HousingWire, July 25, 2019--Ben LaneThe Federal Housing Administration's system for quality control on the loans it backs is currently offline after weeks of issues led to the inadvertent deletion of an unknown amount of data and documents.
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Fractional Ownership Provides Alternative for Priced-Out Home Shoppers
Whittier Daily News (Calif.), July 25, 2019--Jeff LazersonIt's sometimes cheaper to buy a partial interest in a home or apartment building than buying a condo house on your own. (MBA mention)
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