Will Higher Mortgage Rates Sink Real Estate?

Will Higher Mortgage Rates Sink Real Estate?

As the ultimate disrupter of the American political scene, Trump's presidential win is already upending the real estate and U.S. mortgage market.
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Mortgage applications drop as interest rates rise following election

Applications for home mortgages have dropped sharply after a spike in … Mortgage applications fell 9.2 percent last week from the previous week to
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Fed's Kashkari Unveils His Plan to End Too-Big-to-Fail Banks

Federal Reserve Bank of Minneapolis President Neel Kashkari proposed a series of new rules for banks and non-bank lenders that he said would
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Freddie Mac suggests waiving appraisals; AI responds

Read the latest Buzz on how Big Data failed in predicting a president and what it means for the #appraisal industry. https://t.co/wewFOiWGdb 23 hours
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Culleton hands Turnbull terms for banking inquiry

One Nation senator Rodney Culleton is ramping up his fight for a banking royal commission as he faces possible ejection from the Senate, writing to
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Local bankers/Tokyo bankers share ideas | Bob Shryock column

The First National Bank of Elmer hosted 21 bank executives recently from Shinkin Community Banks of Tokyo, Japan who visited Salem County to
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Survey highlights agents' influence on clients' mortgage lender selection

A Freddie Mac survey found that 84 percent of respondents have a select group of lenders to which they refer their clients, and 76 percent said their
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Bank of Canada Says No Need to Move in Step With Fed

OTTAWA—The Bank of Canada wouldn't respond mechanically to any future move by the U.S. Federal Reserve to raise interest rates, a senior central
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Senior local banking exec to step down, successors named

Leroy McKay, executive vice president and trust officer with LCNB National Bank, plans to retire next year, the bank said in filings with the U.S.
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CannaTrac Brings Banking to the Cannabis Industry — CFN Media

The cannabis industry has been struggling with the banking industry since its inception. While several states have legalized the drug, its status as a
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GSE Call Friday, FHFA's Report, Prior CFO And New Appeal

Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) have been directed by the government through a series of agreements to hand over
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Landlords' mortgage borrowing up 10% quarter-on-quarter

Landlords have been investing more in bricks and mortar in recent months, new figures have revealed. The number of mortgages being taken out by
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Will Oaktree run afoul of HUD requirements on distressed Baltimore mortgages? Asks UNITE …

BALTIMORE–(BUSINESS WIRE)–While Oaktree has until December 2018 to fulfill HUD's requirements, it is not clear the company in on a track to
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Stearns Wholesale Welcomes Two Industry Veterans to its Regional Sales Leadership Team

With responsibilities that encompass all wholesale lending sales management and related activities, the two seasoned mortgage industry veterans will
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Fired LendingClub CEO Sets Up Rival Lender Nearby

Mr. Laplanche, who declined to comment on Credify, was once the face of the online lending industry, which grew from virtually nothing in 2006 to
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US mortgage activity falls to lowest level since January: MBA

U.S. mortgage activity falls to lowest level since January: MBA … The Washington-based industry group's mortgage market index fell 9.2 percent to
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Hunt Mortgage Group Opens a New Office in Houston, Texas

16, 2016 (GLOBE NEWSWIRE) — Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today it
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Homebuilder sentiment holds steady, could change post-election

Homebuilder sentiment held steady in November at 63 on the National Association of Home Builders/Wells Fargo Housing Market Index. Anything
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Surge in Online Loan Defaults Sends Shockwaves Through the Industry

Online lenders were supposed to revolutionize the consumer loan industry. Instead, they are rapidly becoming yet another “the next subprime.”.
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