The Lede

Scotsman Guide, Nov. 6, 2018--Victor WhitmanMortgage credit loosened in October as conventional loans with low downpayments became more readily available for first-time buyers, the Mortgage Bankers Association reported.

National Mortgage News, Nov. 6, 2018--Brad Finkelstein (subscription)While the foreclosure crisis is over and federal regulators are being less assertive on enforcement actions, mortgage servicers can't let their guard down about compliance, according to Standard & Poor's.

National Mortgage News, Nov. 6, 2018--Bonnie Sinnock (subscription)Ocwen Financial Corp. recorded a deeper quarterly loss of $41 million after acquiring PHH Corp., but still expects the deal's economies of scale to eventually lower costs and restore profitability.

HousingWire, Nov. 6, 2018--Ben LaneEarlier this year, Wells Fargo revealed that a software error in its mortgage underwriting system led to hundreds of unnecessary foreclosures, but now it appears the problem is even bigger than the troubled bank first thought.

American Banker, Nov. 6, 2018--Neil Haggerty (subscription)The Democrats' takeover of the House Tuesday will bring a sea change in the chamber's rhetoric toward financial services issues. What has been a focus on easing rules, tax cuts and expanding access to credit will likely be replaced by more attention on the industry's mistakes and efforts to protect consumers.

HousingWire, Nov. 6, 2018--Ben LaneBlack Knight's loan origination system is about to get an upgrade, as the company announced Tuesday that it acquired Ernst Publishing, a provider of technology and closing cost data for the real estate and mortgage finance industries.

National Mortgage News, Nov. 6, 2018--Rick Triola (subscription)The author, CEO of Notarycam, says Virginia made e-closing possible seven years ago with its authorization of remote, online notarization, and now Texas has blown the doors wide open. "It's time to get your tech in place--or get left behind."