Headlines

With one last opportunity to raise rates this year, many believe that the the Federal Open Market Committee just may follow though with an obscure promise made in the last meeting in October. The Collingwood Group Chairman Tim Rood debated the possible rate hike in December and other topics on Fox Business Network’s Cavuto.

So how adversely does student debt affect consumers' ability to get a mortgage loan? A report from the Federal Reserve Bank of Cleveland released Monday showed that as the percentage of younger consumers with student loan debt rose over the last ten years, those with a mortgage declined.

One of the enduring criticisms of the Dodd-Frank Wall Street Reform Act of 2010 is that it codifies “too big to fail” and allows the government to continue to financially rescue firms that are deemed systemically important.

NAR Chief Economist Lawrence Yun believes pending home sales have been restrained in the fall season as "buyers struggle to overcome a scant number of available homes for sale and prices that are rising too fast in some markets."

When it comes to predicting the future of the market, the best indicator is in 2015’s housing data. Editor's note: This select print feature appears in the November 2015 edition of MReport magazine, available now.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. Jeannie Smith, Loan Officer and VP of Sales at Guardian Mortgage discusses opening the credit box for millennials, and how this will help the mortgage industry move more millennials from renters to homeowners.

The restructuring of mortgage servicing shops continues with Wells Fargo confirming Monday that the bank is moving approximately 350 home loan servicing members out of its offices in Charlotte, North Carolina.

Selene Finance, LP, a specialty mortgage servicer, has added Tom Donatacci is to lead all business development efforts in the role of EVP of Business Development. Donatacci previously served as EVP of Sales at Clayton Holdings. Prior to Clayton, he was the Senior Managing Director of sub-servicing and MSR transactions at GMAC ResCap.

Clayton Holdings LLC, recently announced the hiring of Mark Hughes as EVP of sales and marketing. The company provides of loan due diligence, surveillance, REO management, and consulting services to the mortgage industry.

The Federal Housing Finance Agency announced Wednesday that Freddie Mac and Fannie Mae's maximum conforming loan limits will be largely unchanged in 2016, except some higher-priced counties.