The Lede

Top National News

Mortgage Demand Unchanged Even as Interest Rates Fall
CNBC, Nov. 8, 2017--Diana OlickMortgage application volume was unchanged last week from the previous week, according to the Mortgage Bankers Association.
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Is HUD Close to Reinstating FHA Mortgage Insurance Premium Cuts?
HousingWire, Nov. 8, 2017--Kelsey RamirezDuring the National Association of Realtors Conference, Beth Zorc, HUD acting general counsel and principal deputy general counsel, said HUD is "continuing to look at the issue and will have additional information to share later in November and will make its decision based on the health of FHA's Mutual Mortgage Insurance Fund."
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Kill the Mortgage Deduction? Good Luck With That
Bloomberg, Nov. 8, 2017--Stephen MihmFrom its dubious beginnings a century ago, the mortgage interest deduction has shown a remarkable resilience, frustrating generations of idealistic reformers. If there's a mindless zombie in the tax code, this is it: a purposeless tax break that just refuses to die, no matter how many opponents try to bury it.
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Mortgage Credit Availability Inches Down as Jumbo Contracts
National Mortgage News, Nov. 8, 2017--Bonnie Sinnock (subscription)The Mortgage Bankers Association's credit availability index fell by 0.2% to 181 in October from September, led by a 2% decline in the jumbo sector. But credit availability is up from last October when the index reading was 171.3.
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CFPB Still Pushes Zillow to Settle RESPA Claims…
HousingWire, Nov. 8, 2017--Brena SwansonAfter first revealing the news earlier this year, Zillow still hasn't come to an agreement with the Consumer Financial Protection Bureau over possible violations of the Real Estate Settlement Procedures Act.
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Best Mortgage Originator Ranking
Mortgage Daily, Nov. 9, 2017Borrowers have become less satisfied with their mortgage lenders thanks to longer turn times and an unsatisfying digital process, J.D. Power reported.
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PHH Losses Widen as Originations, Servicing Down
Mortgage Daily, Nov. 8, 2017In its third-quarter earnings report, parent PHH Corp. disclosed a $78 million loss before income taxes for the three months that concluded on Sept. 30.
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Impac’s Lending, Servicing Rise as Earnings Plunge
Mortgage Daily, Nov. 8, 2017Impac Mortgage Holdings Inc. expanded its servicing portfolio and had a quarter-over-quarter gain in originations. But earnings deteriorated.
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Powell Senate Confirmation Hearing Set for Nov. 28, Panel Says
Wall Street Journal, Nov. 8, 2017--Kate Davidson (subscription)The Senate Banking Committee will meet Nov. 28 to consider the nomination of Federal Reserve Governor Jerome Powell to be the next central bank chairman, the panel announced Wednesday.
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CFPB Sues Largest Debt Settlement Firm
National Mortgage News, Nov. 8, 2017--Kate Berry (subscription)The Consumer Financial Protection Bureau filed a lawsuit Wednesday against Freedom Debt Relief, the nation's largest debt-settlement services provider, and its co-CEO Andrew Housser for allegedly deceiving consumers.
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