The Lede

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The American Dream is in Steven Mnuchin’s Hands
New York Post, Jan. 19, 2017--Dugan, Kevin; English, CareltonThe former Goldman Sachs executive called for a broader reform in the housing markets.
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Regions Financial Profit Buoyed by Mortgage Gains
MarketWatch, Jan. 20, 2017--Moise, ImaniRegions Financial Corp. said its fourth-quarter earnings and revenue rose as its mortgage income was boosted by higher gains from loan sales.
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Trump Administration Overturns Obama’s FHA Mortgage-Fee Cut
Bloomberg, Jan. 20, 2017--Light, JoeHUD on Friday said the agency is canceling a reduction announced last week while President Barack Obama was still in office. The Federal Housing Administration had planned to cut its annual fee for most borrowers by a quarter of a percentage point to 0.60 percent, effective on Jan. 27.
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Q4 Mortgage Fraud Risk Up 13%; Risk Greatest in Florida
Yahoo! Finance, Jan. 20, 2017--Ausick, PaulThe national mortgage application fraud risk index rose from 108 in the third quarter of 2016 to 122 in the fourth quarter, according to researchers at CoreLogic, a sequential increase of 13%.
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Political Fight Over Keeping Cordray Heats Up
National Mortgage Professional, Jan. 20, 2017--Hall, PhilThe battle over whether Richard Cordray should remain as director of the Consumer Financial Protection Bureau (CFPB) or whether he should be fired by the new Trump Administration has intensified, with Cordray's supporters and detractors taking bold new steps to solidify their respective positions.
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Fannie Mae, Freddie Mac Stock Hangs in the Balance after Mnuchin Privatization Talks
HousingWire, Jan. 20, 2017--Swanson, BrenaThe highs Fannie Mae's and Freddie Mac's stocks experienced toward the end last year didn't stay long after Trump's Treasury Secretary nominee Steven Mnuchin retreated from his original stance on privatizing the government-sponsored entities during his confirmation hearing.
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Quicken Loans, the New Mortgage Machine
New York Times, Jan. 21, 20167--Creswell, JulieIn the years since the crisis, many of the nation's largest banks pulled back their mortgage-lending activities. Quicken Loans pushed in. Today, it is the second-largest retail mortgage lender, originating $96 billion in mortgages last year--an eightfold increase from 2008.
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Why Trump Still Faces an Uphill Climb to Ease Regulations
National Mortgage News, Jan. 20, 2017--McKendry, IanThe financial services industry has high hopes that the Trump administration will usher in a new era of less regulation and economic growth, but President Trump faces tough challenges to reshape financial policy.
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Nonbanks Dominate FHA-Backed Mortgages
HousingWire, Jan. 20, 2017--Swanson, BrenaThe news, while positive for nonbanks, is causing some in the industry to question the consequences nonbanks face if the industry undergoes any future stress.
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Will Trump End Crackdown on Dirty Luxury Real Estate?
Miami Herald, Jan. 22, 2017--Nehamas, NicholasJust a month after President Donald Trump's inauguration, a federal anti-money laundering program that targets luxury real estate is set to expire.
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Picking a Potential Roommate
UExpress, Jan. 20, 2017--Sichelman, LewHouse-sharing among empty nesters, retirees and other aging adults certainly isn't a new phenomenon. But with something like 10,000 people a day turning 65, it is definitely on the rise.
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Mortgage Originations, Servicing Grow at SunTrust
Mortgage Daily, Jan. 20, 2017In addition to increasing the quarterly volume of its home lending, SunTrust Banks Inc. expanded the size of its residential loan servicing portfolio.
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