The Lede

CNBC, Nov. 1, 2017--Diana OlickMortgage interest rates moved higher last week, causing borrowers to back away from the mortgage market. "Rates increased last week as speculation over the next Fed chair continued and the European Central Bank announced plans to taper its asset-purchase program, signaling increased confidence in the euro zone economies," said Mortgage Bankers Association Economist Joel Kan.

HousingWire, Nov. 1, 2017--Kelsey RamirezThe mortgage industry is ripe for disruption, said Fannie Mae Executive Vice President for Single-Family Business Andrew Bon Salle, referring to the need for new technology updates.

National Real Estate Investor, Nov. 1, 2017--Beth Mattson-Teig Over the past two years, banks wary of taking on construction risk have lowered leverage, increased rates and applied more conservative underwriting.

Wall Street Journal, Nov. 1, 2017--Austen Hufford (subscription)Firms across the country added 235,000 workers to their ranks in October, according to payroll processor Automatic Data Processing Inc. and forecasting firm Moody's Analytics. Economists surveyed by The Wall Street Journal had expected the addition of 190,000 jobs.

National Mortgage News, Nov. 1, 2017--Brad Finkelstein (subscription)Hurricanes Harvey and Irma were responsible for an increase in loan application defects during September in Texas and Florida, according to First American Financial Corp.

HousingWire, Nov. 1, 2017--Kelsey RamirezDuring a wide-ranging discussion about the government's role in housing, Vice President Mike Pence's chief economist Mark Calabria revealed Wednesday that the Trump administration is "committed" to ending the conservatorship of Fannie Mae and Freddie Mac.

Mortgage Daily, Nov. 1, 2017Quarterly pre-tax income and quarterly new business each ascended to the highest level ever at NMI Holdings. In addition, the book of business grew.

Wall Street Journal, Nov. 1, 2017--Kate Davidson, Peter Nicholas, David Harrison (subscription)The White House has notified Federal Reserve governor Jerome Powell that President Donald Trump intends to nominate him as the next chairman of the central bank.

Mortgage Daily, Nov. 1, 2017Ocwen Financial Corp.'s residential loan servicing subsidiary is changing its mortgage servicing system as was required by recent orders with several states.

National Mortgage News, Nov. 1, 2017--John Heltman (subscription)President Trump has signed the congressional measure invalidating the Consumer Financial Protection Bureau's arbitration rule, killing the regulation that was unpopular with banks and other financial institutions.

Reuters, Nov. 1, 2017--Lucia MutikaniThe Institute for Supply Management said its index of national factory activity slipped to a reading of 58.7 last month from 60.8 in September, which was the highest since May 2004.

MBA Education presents a workshop, Foundational Concepts in Residential Mortgage Servicing, Tuesday Feb. 6 in conjunction with the MBA National Servicing in Mortgage Banking Conference & Expo at the Gaylord Texas outside of Dallas.