The Lede

Bloomberg, Aug. 25, 2015 University of Pennsylvania real estate professor Susan Wachter discusses the U.S. housing market, the performance of housing stocks and the outlook for Federal Reserve policy.

Wall Street Journal, Aug. 25, 2015--Kusisto, Laura By 2024, the U.S. will create between 14 million and 16 million new households, according to the report to be released Tuesday by the Mortgage Bankers Association. Of those, as many as 13 million will be owners and as few as three million will be renters, the bankers say. 

HousingWire, Aug. 25, 2015--Garrison, Trey The Mortgage Bankers Association said total loan production expenses--commissions, compensation, occupancy, equipment, and other production expenses and corporate allocations - decreased to $6,984 per loan in the second quarter, from $7,195 in the first quarter. 

HousingWire, Aug. 25, 2015--Swanson, Brena The government is once again expanding access to credit in an effort to capture a wider audience by making homeownership more available through Fannie Mae's latest update. 

Origination News, Aug. 25, 2015--Collins, Brian The Federal Housing Administration's lower insurance premium - already credited with boosting refinancing and purchase loans - is now seen as giving the agency a possible advantage over competitors in attracting first-time buyers and others with low credit scores. 

National Mortgage Professional, Aug. 25, 2015--Hall, Phil Latest data reports points to a housing world that appears to be going in multiple directions at the same time: Home prices are climbing, but people need to be earning more and more money to afford homes. Furthermore, housing values are declining, yet mortgage bankers are making handsome profits. And it appears that the nation's healthiest housing markets are primarily concentrated in two states, while Michigan, Ohio and the Northeast have the least healthy housing markets. 

Washington Post, Aug. 25, 2015--Badger, Emily The primary purpose of housing subsidies is, well, to house people. But by doing so, they serve another end: They effectively boost the incomes of many poor Americans, narrowing inequality. 

Reuters, Aug. 25, 2015--Lange, Jason Five Federal Reserve banks renewed their calls in July for the central bank to raise the rate it charges commercial banks for emergency loans, minutes from the Fed's discount rate meeting last month showed. 

Legendary comedian Jay Leno and former Defense Secretary Gen. Colin Powell keynote the Mortgage Bankers Association's 102nd Annual Convention & Expo, Oct. 19-22 in San Diego.

The Mortgage Bankers Association continues its popular Compliance Essentials series examining key issues involving the Consumer Financial Protection Bureau's TILA/RESPA Integrated Disclosures Rule with a webinar today, Aug. 26.

Registration is now open for the MISMO Fall Summit, taking place Sept. 14-18 in Washington, D.C.