The Lede

Top National News

New Home Mortgage Applications in U.S. Spike 20.1 Percent Annually in May
World Property Journal, June 14, 2019Based on the Mortgage Bankers Association's latest Builder Application Survey for May, U.S. mortgage applications for new home purchases increased 20.1 percent from a year ago.
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New Piggy-Back Loans Can Lower Your Payments When Buying a Home
Orange County Register, June 14, 2019--Jeff LazersonInnovative mortgage industry thinkers are creating mind-boggling second lien purchase money and cash-out financing instruments that will save mortgage shoppers armored cars of cash. (MBA mention)
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Three Ways to Draw Private Capital Back into Mortgages
National Mortgage News, June 14, 2019--Edward DeMarco (subscription)Former Federal Housing Finance Agency Director says while bigger picture reform is debated, regulators should take steps today to rebalance public and private risk in the mortgage sector.
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Quicken Loans Vice Chairman Bill Emerson: Government Used ‘Extortionist Tactics’ to Pursue ‘Bogus’ Claims
HousingWire, June 14, 2019--Jessica GuerinQuicken Loans Vice Chairman Bill Emerson (and former MBA chairman) said the nonbank did not admit to any guilt and that the government realized its "bogus" claims were baseless.
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How an Obama Fed Appointee is Scuttling Wall Street’s Bid to Ease Rules
Reuters, June 14, 2019--Pete SchroederAs a U.S. Federal Reserve governor, Lael Brainard gets only one vote on proposals that come before the central bank's board. Over the past year, she has used it to combat the Trump administration's efforts to ease rules for Wall Street.
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Bankers Rattled as Nonbanks’ CRE Lending Spikes
American Banker, June 14, 2019--John Reosti (subscription)Bankers are growing increasingly concerned that nonbanks will cause headaches in commercial real estate lending.
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Despite Rising Home Prices, Experts Pop Bubble Fears, Jun 17, 2019--Natalie CampisiDespite housing starts of new homes rising in April, there continues to be a shortage of single-family units, says Joel Kan, associate vice president for industry surveys and forecasts with the Mortgage Bankers Association.
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Can You Afford to Sell?
UExpress, June 14, 2019--Lew SichelmanIn most real estate transactions, the focus is on the purchaser and whether he or she can afford to buy the property. But there is another, equally important question: Can the seller afford to sell?
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