The Lede

OurBroker.com, Nov. 2, 2015--Miller, Peter G. Marina Walsh, the Vice President of Industry Analysis with the Mortgage Bankers Association, said that "legacy loans continued to account for the majority of all troubled mortgages.

Wall Street Journal, Nov. 2, 2015--Light, Joe Homes over the past few months have sold at their quickest pace since 2007. But despite low mortgage rates and government efforts to expand mortgage access, borrowers with anything but strong credit scores are still relatively absent, according to Black Knight Financial Services.

The Fiscal Times, Nov. 2, 2015--Herron, Janna If you have a blemished credit score, tough luck on getting a mortgage to buy a home. The recent rise in home purchases using a mortgage is largely dominated by Americans with high credit scores, according to a new study. 

Associated Press, Nov. 2, 2015 The Supreme Court won't hear an appeal from shareholders who claim the Standard & Poor's ratings firm made false statements about its ratings of risky mortgage investments that helped trigger the financial crisis.

St. Louis Business Journal, Nov. 2, 2015--Feldt, Brian Ellie Mae said last week it expected a third-quarter loss of $3.3 million to $3.8 million, compared with a profit of $4.3 million in the prior-year quarter, partly on costs associated with its acquisition of St. Louis software startup Mortgage Returns.

National Mortgage News, Nov. 2, 2015--Peters, Andy Defaults on commercial mortgage-backed securities declined from the end of the third quarter, compared to the previous quarter, according to Fitch Ratings.

HousingWire, Nov. 2, 2015--Lane, Ben The chief executive officers of Fannie Mae and Freddie Mac will have to wait two more weeks to see if Congress will vote to install limits on their compensation, after a busy Congressional calendar delayed a scheduled vote on the compensation packages of Fannie Mae CEO Timothy Mayopoulos and Freddie Mac CEO Donald Layton.

Reuters, Nov. 2, 2015--Leong, Richard The U.S. economy is on track to grow 1.9 percent in the fourth quarter with expected weaker consumer spending and equipment investment growth following a private report on U.S. manufacturing in October, the Atlanta Federal Reserve's GDPNow forecast model showed on Monday.

Bloomberg, Nov. 2, 2015--Chandra, Shobhana The Institute for Supply Management's index was little changed at 50.1, the weakest since May 2013, after 50.2 in September, a report from the Tempe, Arizona-based group showed Monday.

U.S. News & World Report, Nov. 2, 2015--Wiseman, Paul (Associated Press) U.S. construction spending rose 0.6 percent in September to the highest level since March 2008, pushed up by a surge in apartment building.

Wall Street Journal, Nov. 2, 2015--Davidson, Kate Banks reported uneven demand for loans from businesses and households in the third quarter, a Federal Reserve survey found, and most said they maintained the same underwriting standards and terms as they had in the spring.

Wall Street Journal, Nov. 2, 2015--Trichur, Rita; Ensign, Rachel Louise Royal Bank of Canada is planning to use its $5 billion acquisition of City National Corp. to plot new growth in the U.S. jumbo mortgage market.