The Lede

Bloomberg, Dec. 1, 2016--Chiglinsky, Katherine Wells Fargo & Co. changed its by-laws to require a separate chairman and chief executive officer, breaking with most of its U.S. peers after years of sales abuses in its branches spiraled into a national scandal.

Wall Street Journal, Dec. 1, 2016--Chen, Stefanos Homeowners who stay put--living in the same home for 15, 20, 30 years--can pocket millions of dollars when they finally make a move.

National Mortgage News, Dec. 1, 2016--Passy, Jacob "It's marginal at a macro level in a $1.4 trillion run-rate market," said Mortgage Bankers Association CEO David Stevens. "But it is impactful on the margin to those individuals who are now in the range."

National Mortgage News, Dec. 1, 2016--Sinnock, Bonnie President-elect Donald Trump's tax overhaul may include capping the mortgage interest deduction, according to Treasury Secretary-designate Steve Mnuchin.

GoRion, Dec. 1, 2016--Sichelman, Lew Dissident stockholders in Fannie Mae and Freddie Mac rolled out the heavy guns earlier this month to slow what appears to be a groundswell of support for the Federal Housing Finance Agency's plan to reduce the government's risk exposure by moving more private capital into the first-loss position ahead of the GSEs' through expanded mortgage insurance.

Mortgage Daily, Dec. 1, 2016--Garcia, Sam It's been nearly a year-and-a-half since fixed mortgage rates have been as high as they are now, and the outlook is for another sharp increase.

Mortgage Daily, Dec. 1, 2016 Issuance of agency mortgage-backed securities retreated to the lowest level in four months.

Mortgage Daily, Dec. 1, 2016 HUD won a lawsuit against Allied Home Mortgage Corp., a former net branch mortgage giant that will cost the firm and its chief, Jim Hodge, nearly $100 million.

Reuters, Dec. 1, 2016--Mutikani, Lucia U.S. factory activity accelerated to a five-month high in November amid a pickup in new orders and production, suggesting that the manufacturing sector was regaining its footing after a prolonged slump.

Bloomberg BusinessWeek, Dec. 1, 2016--Coy, Peter Against all odds, Federal Reserve Chair Janet Yellen could be an ally to Trump in accelerating growth. Or not.

HousingWire, Dec. 1, 2016--Swanson, Brena The idea and desire for GSE reform isn't an easy hurdle to clear, said Jeb Mason, a partner with The Cypress Group.

National Mortgage News, Dec. 1, 2016--Passy, Jacob Bank of America has conditionally completed 97% of the $7 billion in consumer relief it agreed to provide as part of its 2014 settlement with the Department of Justice and six states. 

Wall Street Journal, Dec. 1, 2016--Ensign, Rachel Louise; Das, Anupreeta; Ballhaus, Rebecca Donald Trump's nominee for Treasury secretary made millions buying failed IndyMac and has résumé at odds with president-elect's campaign rhetoric. 

Marin Independent Journal (Calif.), Dec. 1, 2016--Mara, Janis The median price of a Marin home was $1.1 million in October, a 6.5 percent increase compared with the previous October.

National Mortgage News, Dec. 1, 2016--Collins, Brian The multifamily construction boom may finally be coming to an end as leasing of new units has slowed and lenders are becoming more cautious. The Mortgage Bankers Association argues that the market is simply transitioning from extremely tight market conditions with very low vacancy rates and rapid rent increases to a period of more moderate vacancy rates and rent increases.

Washington Post, Dec. 1, 2016--Orton, Kathy Mortgage rates sustained their upward march this week without any indication that their trajectory will slow anytime soon. "It appears that many homebuyers rushed to get their applications two weeks ago as rates began to increase," said MBA Chief Economist Mike Fratantoni.

National Real Estate Investor, Dec. 1, 2016--Mitchell, Donna The Regency Centers/Equity One deal is shaping up to be a landmark merger, creating the largest real estate investment trust in the grocery-anchored shopping center space.

Charlotte Business Journal (N.C.), Dec. 1, 2016--Burns, Hilary LendingTree announced two major changes within its top ranks. Neil Salvage will become president and Nikul Patel will serve as chief product and strategy officer.

Latest News, Guidance on 'Know Before You Owe'

Tools to Grow Production to Next Level

The Mortgage Bankers Association announced three new partnerships to provide new benefits to MBA member companies, with Fannie Mae, Capital Markets Cooperative and The Mortgage Collaborative.