The Lede

GoRion, Aug. 30, 2017--Sam BourgiThe rush to buy property will likely accelerate in coming months as more Americans look to take advantage of favorable mortgage rates.

Reuters, Aug. 30, 2017U.S. mortgage applications to buy a home fell last week to the their lowest level in more than six months, even as some home borrowing costs fell to their lowest since November, the Mortgage Bankers Association said on Wednesday.

CNBC, Aug. 30, 2017--Diana Olick (MBA mention)Fannie Mae, Freddie Mac and the FHA announced they will offer forbearance for at least 90 days to borrowers in the Houston area. The Mortgage Bankers Association is putting out fact sheets for borrowers, sending loan data to the Trump administration and launching a Harvey web page.

Barron's, Aug. 30, 2017--Amey StoneMajor flooding in Texas is putting at risk about $19.4 billion in properties financed by commercial mortgage-backed securities, according to Morningstar Credit Ratings.

National Mortgage News, Aug. 30, 2017--Elina Tarkazikis (subscription)Millennial credit scores are lower than when Generation X consumers were coming of age, reflecting changes in credit consumption and other consumer behaviors.

HousingWire, Aug. 30, 2017--Brena SwansonMortgage insurance premium cuts and HECM both impact the FHA's flagship fund, the Mutual Mortgage Insurance Fund. The fund insures mortgages made by the FHA on single-family homes and pays the lender if the borrower defaults.

Bloomberg, Aug. 30, 2017--Christopher FlavelleHurricane Harvey has highlighted a climate debate that had mostly stayed out of public view -- a debate that's separate from the battle over greenhouse gas emissions, but more consequential to the lives of many Americans. At the core of that fight is whether the U.S. should respond to the growing threat of extreme weather by changing how and, even where, homes are built.

Reuters, Aug. 30, 2017--Lucia MutikaniGross domestic product increased at a 3.0 percent annual rate in the April-June period, the Commerce Department said in its second estimate on Wednesday. The upward revision from the 2.6 percent pace reported last month reflected robust consumer spending as well as strong business investment.

USA Today, Aug. 30, 2017--Paul DavidsonPayroll processor ADP said the private sector added a robust 237,000 jobs in August. That would appear to possibly signal a third straight month of strong hiring in the Labor Department's closely watched employment report Friday.

Mortgage Daily, Aug. 30, 2017VantageScore reported risk of default on new quarterly mortgage originations turned significantly higher as production plunged, though seasonal factors played a role.

Mortgage Daily, Aug. 30, 2017For the second month in a row, the performance of securitized commercial real estate loans improved. Industrial loans led the decline in late payments, said Trepp LLC.

HousingWire, Aug. 30, 2017--Ben LaneThe company is currently piloting a mortgage program in Phoenix, touting its ability to save homebuyers when they buy one of Opendoor's properties.

National Mortgage News, Aug. 30, 2017--Lalita Clozel (subscription)As Republicans policymakers pursue efforts to revamp the Consumer Financial Protection Bureau and replace its leadership, state agencies are already preparing to fill any vacuum that might ensue if the CFPB steps back.

HousingWire, Aug. 30, 2017--Brena SwansonWith an influx of Millennials, low down mortgages, the rise of nonbank lenders and the necessity of digital mortgages, the future of lending looks positive.