The Lede

Associated Press, Aug. 14, 2017--Martin CrutsingerA top Federal Reserve official is suggesting that the Fed will likely announce next month that it will begin paring its bond portfolio--a step that could lead to slightly higher rates on mortgages and other loans.

San Jose (Calif.) Mercury-News, Aug. 14, 2017--Richard ScheininGoogle's new plan to remake downtown San Jose into a massive, transit-centered 'Google village' with up to 20,000 new jobs could forever change the city's trajectory.

HousingWire, Aug. 14, 2017--Brena SwansonDespite housing affordability being near-record highs, homeownership still feels completely out of reach for many people, Freddie Mac Vice President and Chief Economist Sean Becketti said.

Mortgage Daily, Aug. 14, 2017A firm that has claim to be among the biggest home-purchase lender for veteran programs has agreed to pay over $1 million to settle alleged violations of the Real Estate Settlement and Procedures Act.

Mortgage Daily, Aug. 14, 2017--Sam GarciaIn addition to an acquisition involving a loan origination system, two LOS service provides have upgraded there systems--with one labeled as a "major" release. Meanwhile, LOS integrations continue.

The Real Deal Magazine, Aug. 14, 2017Fannie Mae and Freddie Mac have built a trillion-dollar business insuring mortgages. But increasingly they are doing something entirely different: selling off mortgage-backed securities without any guarantee that the two firms will pay in the event of a default.

Mortgage Professional America, Aug. 14 2017--Francis MonfortMortgage applications for new home purchases fell 12 percent in July from June, according to Mortgage Bankers Association's Builder Applications Survey.

MBA and the Compliance Essentials program, in collaboration with leading legal experts, have created state-by-state reports to help servicers understand documents that are required to verify a successor in interest's status in each state.