The Lede

Mortgage Orb, July 5, 2017--Nora CaleyBanks and other financial entities are increasingly announcing that they are opening call centers in the U.S. and creating domestic instead of offshore jobs. Some industry experts say this has been a trend for several years and is due to several factors, from regulatory pressure to cost savings to bad publicity.

CNBC, July 5, 2017--Diana OlickTwo major changes in the mortgage market go into effect this month, and both could help millions more borrowers qualify for a home loan. The changes will also add more risk to the mortgage market.

American Banker, July 5, 2017 (subscription)HSBC Holdings is in talks to resolve a U.S. probe into its sale of toxic mortgage bonds a decade ago, according to people familiar with matter, a negotiation that could offer an early look at how the Trump Justice Department will deal with global banks.

HousingWire, July 5, 2017--Ben LaneThe Department of Justice announced Prospect Mortgage will pay more than $4 million to settle allegations the company committed civil mortgage fraud by underwriting mortgages that did not comply with Federal Housing Administration standards.

National Mortgage News, July 5, 2017--Kate Berry (subscription)The battle over the future of housing finance may turn on whether whatever reforms or replaces Fannie Mae and Freddie Mac will bypass small banks, delivering more market share and power to the biggest banks.

Bloomberg, July 5, 2017--Craig TorresA divided Federal Reserve policy committee couldn't reach agreement in June on the timing of when to begin shrinking its massive balance sheet, according to minutes of the meeting.

NY1, July 5, 2017Keller Willams has been using 'SoHa' to describe the South Harlem area between 110th and 125th streets. But the effort to rebrand Harlem touched off a backlash, especially among long-time residents who consider the neighborhood's status as a center of African-American culture and politics threatened by gentrification.

Reno Gazette-Journal, July 5, 2017--Jason HildalgoA Nevada Association of Realtors report said homeowner association-initiated foreclosures in Reno and Las Vegas totaled more than $1 billion. The Mortgage Bankers Association said such foreclosures result in higher loan fees, interest rates and down payments.

Mortgage Daily, July 5, 2017Proceeds from the sale of the mortgage servicing rights, which was originally announced back in December, amounted to $333.1 million.

Mortgage Daily, July 5, 2017--Sam GarciaMultiple mortgage service providers have recently integrated their offerings into a loan origination system.

NPR, July 5, 2017--Jim Zarroli Revenue from President Trump's office buildings is falling. The problem: commercial real estate prices are declining. In New York, buildings are rising and older properties have to compete harder.