The Lede

GoRion, Dec. 22, 2016-Mitchell, Donna Delinquencies rise on recent vintages of auto asset-backed securities deals, but sector is not likely to see a drastic stall.

Mortgage Daily, Dec. 22, 2016 The Federal Housing Finance Agency reported Thursday that its seasonally adjusted purchase-only HPI was 240.2 in October, up 0.4 percent from the prior month.

Mortgage Daily, Dec. 22, 2016--Garcia, Sam Weekly mortgage rates surged to the highest level in more than two-and-a-half years, and the outlook is for them to stay put.

Mortgage Daily, Dec. 22, 2016 Residential business held up at the Federal Housing Administration, with refinances accounting for a bigger share of endorsements. But monthly loan performance deteriorated.

Bloomberg, Dec. 23, 2016--Voegeli, Jeffrey; Foerster, Jan-Henrik The Swiss lender will pay a $2.48 billion civil penalty and $2.8 billion in relief for homeowners and communities hit by the collapse in home prices, it said in a statement Friday. Credit Suisse will take a pretax charge of about $2 billion in addition to its existing reserves during the fourth quarter.

HousingWIre, Dec. 22, 2016--Swanson, Brena President-elect Donald Trump selected Rep. Mick Mulvaney, R-S.C., for director of the Office of Management and Budget.

National Mortgage News, Dec. 22, 2016--Stewart, Jackie Regulators have warned about the dangers of high commercial real estate concentrations despite bankers' assertions that they are managing risk better compared to the financial crisis.

Reuters, Dec. 22, 2016 The Department of Justice on Thursday sued Barclays and two former executives on civil charges of fraud in the sale of mortgage-backed securities during the run-up to the 2008-09 financial crisis.

Reuters, Dec. 23, 2016--Freifeld, Karen, Schuetze, Arno; Jones, Kathrin Deutsche Bank agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis.

New Hampshire Business Review, Dec. 23, 2016--Dietel, Robert J.; Gordon, Joshua L. The ruling gave lenders a victory over foreclosure-related assessments.

MarketWatch, Dec. 22, 2016--Riquier, Andrea The average 30-year fixed-rate mortgage has jumped 76 basis points in the weeks since the presidential election, and most housing analysts think it'll go even higher in 2017.

Bloomberg Businessweek, Dec. 22, 2016-Murphy, Megan The CEO of JPMorgan Chase talks about Detroit's revival and his views on the incoming administration.

HousingWire, Dec. 22, 2016-Swanson, Brena After settling back around 46 days, the time to close a loan is starting to tick higher again, getting close to this year's high, according to the latest Origination Insight Report from Ellie Mae.

National Mortgage News, Dec. 22, 2016-Finkelstein, Brad Foreclosure starts increased nearly 7% in November from the previous month, but when compared to the previous year, they were down by over 9%, according to Black Knight Financial Services.

Wall Street Journal, Dec. 22, 2016-Morath, Eric; Sparshott, Jeffrey The U.S. economy advanced at a faster pace last quarter than previously estimated, but the stronger gains only help bring the year's growth rate back in line with the long, sluggish expansion.

National Mortgage News, Dec. 22, 2016-Berry, Kate Opposition is lining up against the Consumer Financial Protection Bureau's arbitration plan. A Republican-controlled Congress is expected to overturn a final rule even as industry groups file lawsuits to stop it from going into effect.

National Mortgage Professional, Dec. 22, 2016-Hall, Phil J.D. Mechem is a loan originator with the Anchorage office of Residential Mortgage LLC and president of the Alaska Mortgage Bankers Association.

Washington Post, Dec. 22, 2016-Orton, Kathy "Last week, mortgage rates increased to their highest level since May 2014, at least partially due to Federal Reserve's widely anticipated rate hike and strong signaling of multiple additional rate hikes in 2017 and beyond," said Mortgage Bankers Association Chief Economist Mike Fratantoni.

Christian Science Monitor, Dec. 22, 2016-Velasco, Schuyler The model to assess lending risk could be more responsive, says Marcia Davies, chief operating officer of the Mortgage Bankers Association, a real estate finance trade group. "We think that needs to adapt to changing demographics."

Overview of Basic Servicing Functions, Risk Management