The Lede

Top National News

Mortgage Lenders Saw Average Profit Per Loan Rise in the Second Quarter
Mortgage Orb, Aug. 30, 2019--Patrick BarnardMortgage lenders reported a net gain of $1,675 on each loan they originated in the second quarter, up from $285 per loan in the first quarter, according to the Mortgage Bankers Association's Quarterly Mortgage Bankers Performance Report.
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Measuring Increases in Mortgage Debt
MReport, Aug. 30, 2019--Seth WelbornMortgage debt is at an all time high as home prices rise to record levels, according to a report from HowMuch.net.
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U.S. Mortgage Originations Fell 12.6% Last Year Amid Higher Rates
Reuters, Aug. 30, 2019--Howard SchneiderU.S. home loan originations fell 12.6% last year as the Federal Reserve raised interest rates, pushing borrowing costs higher, and new tax laws capped the deductibility of mortgage interest payments, new government data showed on Friday.
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Risky Seller Financing Flourishes Where Homes Are Cheapest
Wall Street Journal, Aug. 30, 2019--Ben Eisen (subscription)"Contracts for deed," prone to abuse, are often only choice for buyers shut out of mortgage market.
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HW 2019 Insider: Alicia Roundy
HousingWire, Sept. 3, 2019Alicia Roundy is constantly pushing the Mortgage Bankers Association to evolve from a digital marketing perspective, and widening its exposure through leadership on social media and email marketing.
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10 Steps to Housing Finance Reform
MReport, Sept. 1, 2019--Brian O'ReillyWhile the public debate has often envisioned and emphasized the need for legislative action, that avenue has been, and continues to be, an uphill battle in an unprecedented partisan political landscape. Still, stable growth in the housing market, strong employment, and the potential for rising interest rates point to the increasing need to establish a "new normal" for housing finance. (MBA mention)
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Odd Lots: Cash, Apocalypse, Worries
UExpress, Aug. 30, 2019--Lew SichelmanA new study found buyers with post-closing liquidity of three months or more were five times less likely to default on their mortgages.
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