The Lede

Top National News

Mortgage Rates Hold Steady But Could Be Primed to Move Lower
Washington Post, Oct. 10, 2019--Kathy OrtonMortgage rates barely budged this week despite downward pressure from lackluster economic news. (MBA mention)
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The Salary You Need to Buy a House in 10 of the Largest Cities in the U.S.
CNBC, Oct. 10, 2019--Alicia AdamczykIf you're in the market for a house, you might want to look outside of California. According to a new report from, a site that tracks mortgage rates, the four most expensive metro areas in the country are in the Golden State.
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How the Mortgage Market is Opening Up to Brokers
Greenwich Time, Oct. 10, 2019--Eric WeisbrotWorking with a mortgage broker has gotten a bad rap in some markets because of the consumer focus on fees combined with the perception that getting a mortgage is as easy as submitting a brief application online. The reality is that today's mortgage market is more complex than ever, paving the way for prospective and current homeowners to seek out the knowledge and expertise of licensed mortgage brokers.
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Federal Reserve Gives Large Banks a Break on Postcrisis Rules
Wall Street Journal, Oct. 10, 2019--Andrew Ackerman (subscription)The Federal Reserve on Thursday was set to complete rules aimed at easing liquidity and capital rules for large U.S. banks, signing off on a plan in an expected Thursday vote that may lower regulatory costs for regional U.S. lenders with less than $700 billion in assets.
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Wells Fargo Beefs Up Mortgage Division to Cope with Higher Volumes
Reuters, Oct. 10, 2019--Imani MoiseWells Fargo & Co. is boosting its teams that process mortgage loans to prepare for higher mortgage volumes, changing course after it laid off about 1,000 employees here in the division in 2018.
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Congress Sparks Veterans’ Ire with Mortgage Fee Hike
Politico, Oct. 10, 2019--Katy O'DonnellMonths after Congress passed a bill temporarily raising the fees that veterans pay for home loans, lawmakers are quietly seeking to tap the same pot of money again, a move that's pitting veterans' groups against one another. (MBA mention)
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Are Appraisal Waivers Good News or Bad News?
Long Beach Press-Telegram, Oct. 10, 2019--Jeff LazersonOn the one hand, you save money on appraisal fees. On the other, you could be paying too much to refinance your loan without confirmation of your home's value. If your home is worth more - meaning you have more equity in your property--your rate and costs can be lower.
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Residential Finance News

Commercial/Multifamily News

MBA News

Millennials in Mortgage: Round Table at MBA Annual Convention & Expo
mPact, the Mortgage Bankers Association s network for young professionals in the real estate finance industry, will hold a special Round Table at the MBA Annual Convention & Expo on Monday, Oct. 28 in Austin, Texas.
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Terry McAuliffe, Chris Christie, Margaret Brennan Keynote MBA Annual19 General Session
The Mortgage Bankers Association's Annual Convention & Expo, Oct. 27-30 in Austin, Texas, is coming up fast, with former Virginia Gov. Terry McAuliffe, former New Jersey Gov. Chris Christie and CBS News' Fact the Nation host Margaret Brennan keynoting the Politics Today General Session on Tuesday, Oct. 29.
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