The Lede

Striking the "delicate balance" between customer experience and fraud prevention is not an easy feat, a series of studies by Forrester Consulting and TransUnion reported.

In the wake of major natural disasters this summer, the risk of mortgage loan application fraud increased in August, said First American Financial Corp., Irvine, Calif.

LOS ANGELES--Three risk management executives: Debra Dunn, Chief Operating Officer with SWBC Mortgage, San Antonio, Texas; Gwen Muse-Evans, President and CEO of GME Enterprises, Bethesda, Md.; and Terry L. Schmidt, CMB, Executive Vice President and CFO of Guild Mortgage Co., San Diego; offered their perspectives on risk management and fraud issueshere at the recent Mortgage Bankers Association's Risk Management, Quality Assurance and Fraud Prevention Forum.

CoreLogic, Irvine, Calif., said its revised estimates of damage resulting Hurricane Florence puts residential and commercial flood and wind losses at $20-30 billion, with 85 percent of residential losses uninsured.

The House yesterday passed a bill that closes a loophole for thousands of loans made to veterans that fell through a crack in securitization.

LOS ANGELES--Three risk management executives: Debra Dunn, Chief Operating Officer with SWBC Mortgage, San Antonio, Texas; Gwen Muse-Evans, President and CEO of GME Enterprises, Bethesda, Md.; and Terry L. Schmidt, CMB, Executive Vice President and CFO of Guild Mortgage Co., San Diego; offered their perspectives on risk management and fraud issueshere at the recent Mortgage Bankers Association's Risk Management, Quality Assurance and Fraud Prevention Forum.

LOS ANGELES--Three risk management executives: Debra Dunn, Chief Operating Officer with SWBC Mortgage, San Antonio, Texas; Gwen Muse-Evans, President and CEO of GME Enterprises, Bethesda, Md.; and Terry L. Schmidt, CMB, Executive Vice President and CFO of Guild Mortgage Co., San Diego; offered their perspectives on risk management and fraud issueshere at the recent Mortgage Bankers Association's Risk Management, Quality Assurance and Fraud Prevention Forum.

The Mortgage Bankers Association and nearly a dozen industry trade groups asked the Bureau of Consumer Financial Protection to change its Loan Originator Compensation Rule to better protect consumers and reduce lenders' regulatory burdens.

LOS ANGELES--Floods; hurricanes; tornados; wildfires; earthquakes; droughts; volcanoes; ice storms; blizzards. Just another day in America.

LOS ANGELES--Floods; hurricanes; tornados; wildfires; earthquakes; droughts; volcanoes; ice storms; blizzards. Just another day in America.

LOS ANGELES--Floods; hurricanes; tornados; wildfires; earthquakes; droughts; volcanoes; ice storms; blizzards. Just another day in America.

Bloomberg, Oct. 1, 2018--Claire BostonFund managers that took a chance on beaten-down mortgage bonds sometime after Lehman Brothers collapsed have seen their money swell as the housing market has recovered. Home loans for even troubled consumers have turned out to be more solid than many investors had feared: borrowers that weathered the downturn are diligently paying their obligations and defaults at this stage are infrequent.

HousingWire, Oct. 1, 2018--Jessica Guerin"We were trying to understand why, in a still relatively low interest rate market where house prices have returned in most major markets including in many of these states where reverse mortgages were, why were we still hemorrhaging money," FHA Commissioner Brian Montgomery said. "We thought this was a contributing factor that required further due diligence."

Wall Street Journal, Oct. 1, 2018--Yuka Hayashi (subscription)Eric Blankenstein, the top enforcement official at the Consumer Financial Protection Bureau on Monday expressed regret for "poor conduct" regarding past racial remarks he made on a blog more than a decade ago, saying he was "absolutely committed to carrying out the bureau's fair lending mandate."

National Mortgage Professional, Oct. 1, 2018--Phil HallH.R. 6737, The Protect Affordable Mortgages for Veterans Act of 2018, would allow recently executed loans refinanced by the Department of Veterans Affairs home loans to maintain their eligibility for pooling in Ginnie Mae securities. Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, says the trade group supports the bill.

National Mortgage News, Oct. 1, 2018--Elina Tarkazikis (subscription)The Mortgage Bankers Association and nearly a dozen trade groups said that after more than five years under the LO Comp rule, changes to the order should be among the CFPB's top priorities in its review of the mortgage rules, according to a letter sent to acting CFPB Director Mick Mulvaney.

HousingWire, Sept. 28, 2018--Ben LaneOcwen Financial's $360 million acquisition of PHH Corp. is set to close within the next two weeks after the companies received approvals from all relevant regulatory agencies and governmental entities, the companies announced Friday morning.

National Mortgage News, Sept, 28, 2018--Brad Finkelstein, Bonnie Sinnock (subscription)Bryan R. Ziegenfuse, who previously was a vice president of servicing at Ocwen, agreed to pay $128,130 plus interest, double the profits he made from the three transactions. He did not admit or deny wrongdoing.

Mortgage Daily, Oct. 1, 2018Ongoing losses in the FHA reverse mortgage program have led to a new policy that will require a second appraisal on some transactions.

American Banker, Sept. 30, 2018--Kate Berry, Rachel Witkowski (subscription)Kirsten Donoghue, the CFPB's assistant director of enforcement, became the second senior leader at the agency to question the fitness of Eric Blankenstein, her boss as policy director of supervision, enforcement and fair lending, after his past writings were uncovered that used a racial slur for African Americans and suggested most hate crimes were "hoaxes."

National Mortgage News, Sept. 28, 2018--Neil Haggerty (subscription)The protracted and hyperpartisan confirmation process for Supreme Court nominee Brett Kavanaugh has complicated the Senate's efforts to advance financial regulatory nominees before the midterm elections. Trump administration picks for the Consumer Financial Protection Bureau, National Credit Union Administration and Ginnie Mae are still in limbo.

American Banker, Sept. 28, 2018--Neil Haggerty (subscription)Nearly 30 House Republicans are calling on the Federal Reserve Board to use new authority to relieve all banks with less than $250 billion of assets from enhanced supervision that was established after the crisis.

National Mortgage News, Sept. 27, 2018--Brad Finkelstein (subscription)Fannie Mae and Freddie Mac issued new capital requirements for private mortgage insurers that will create big swings in carriers' asset reserves.

National Mortgage Professional, Sept. 27, 2018--Phil HallCommercial and multifamily mortgage debt outstanding swelled by $52.3 billion in the second quarter, according to new data from the Mortgage Bankers Association. The second quarter was 1.6 above the first quarter's debt outstanding.

National Mortgage News, Sept. 26, 2018--Kate Berry (subscription)The Consumer Financial Protection Bureau this week issued a report and a request for information as part of an effort to assess the effectiveness of how data is collected, used and reused.

HousingWire, Sept. 26, 2018--Jeremiah JensenSandler Law Group, a Texas-based firm that specializes in residential mortgages and owner of Asurity Technologies, acquired McGlinchey Stafford & Youngblood and Associates, a closing and fulfillment services provider for the mortgage lending industry.

Mortgage Daily, Sept. 26, 2018In an effort to support homeownership in low-to mid-income markets, Freddie Mac will join its secondary mortgage cousin in purchasing shared-equity mortgages.

IPE Real Assets Magazine, Sept. 25, 2018--Christopher O'DeaReal estate investors learned painful lessons 10 years ago. With signs of a correction yet to materialize, can the market escape a repeat of 2008?

National Mortgage News, Sept. 25, 2018--Elina Tarkazikis (subscription)Lower corporate tax rates weakened the incentive for developers to use the Low-Income Housing Tax Credit program, which could prompt affordable housing construction to fall by as much as 40% by 2022, according to data aggregator Reis.

Mortgage Daily, Sept. 25, 2018loanDepot.com LLC and an appraisal management company have reached an agreement to settle claims that borrowers were discriminated against because their properties were located on Indian reservations.