The Lede

Scotsman Guide, June 26, 2017--Victor WhitmanMost of the nation's largest trade groups, including the Mortgage Bankers Associaton, signed onto a letter recently sent to leaders of the U.S. Senate and House appropriations committees to make the case that Congress should restructure the CFPB as a five-panel bipartisan commission.

National Mortgage News, June 26, 2017--Brad Finkelstein (subscription)Mortgage lender credit standards eased during the second quarter as purchase volume was lower than expected and competition increased, Fannie Mae said.

HousingWire, June 26, 2017--Ben LaneAs part of the deal, the current owners of Title Guaranty, the Pietsch family, will maintain a small ownership stake in the company.

Bloomberg, June 26, 2017--Patrick ClarkExisting homes are in short supply for both buyers and renters, from bustling coastal metropolises to smaller inland cities. Home seekers are bidding up prices and historically low ownership rates mean more people are renting, triggering fierce competition for leases.

Wall Street Journal, June 26, 2017--Ben Leubsdorf (subscription)Demand for long-lasting factory goods declined in May for the second straight month, driven by a pullback in airplane orders as the U.S. manufacturing sector continues to find its footing.

Wall Street Journal, June 26, 2017--Nicole Friedman; Imani Moise (subscription)Warren Buffett's Berkshire Hathaway made its second big real estate bet in two weeks. Its investment in real estate investment trust Store Capital Corp. made it the REIT's third-largest shareholder.

LinkedIn, June 27, 2017--David Stevens, CMBMBA President and CEO discusses his recent battle with cancer.

Mortgage Daily, June 26, 2017Senior mortgage banking executives expect demand for non-agency programs will intensify. At the same time, the group expects requirements on such programs to ease.

Mortgage Daily, June 26, 2017Quarterly mortgage originations were slower at Finance of America Holdings LLC. Also down was the lender's staffing and servicing portfolio.

Bloomberg, June 27, 2017--Joe LightThe proposal by Tennessee Republican Bob Corker and Virginia Democrat Mark Warner would attempt to foster competition in the secondary mortgage market, where loans are packaged into bonds and sold off to investors. Warner said last week at a Mortgage Bankers Association conference that he and Corker had found consensus on a number of issues.

National Mortgage News, June 26, 2017--Kevin Wack (subscription)Banks and other lenders say they can be unfairly maligned by consumers whose grievances that have not been vetted for accuracy. Industry groups also chafe at how the Consumer Financial Protection Bureau cites numbers from the database without some of the relevant context.

HousingWire, June 26, 2017--Brena SwansonCompany officials said for lenders still skeptical toward low-down mortgages, he said that that the down payment assistance program is the key to helping many people become homebuyers.