The Lede

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Fed Chairman Nominee Powell Likely Faces Smooth Path to Confirmation
Wall Street Journal, Nov. 27, 2017--Kate Davidson, Ryan Tracy (subscription)Federal Reserve governor Jerome Powell heads to Capitol Hill on Tuesday for what could be one of the least contentious confirmation hearings for a Fed chair nominee since the financial crisis.
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Senate May Vote on Tax Reform as Soon as This Week
HousingWire, Nov. 27, 2017--Jacob GaffneyWill the Mortgage Interest Deduction stay as is or go down a new road? We may know sooner than later.
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Monday at CFPB: Doughnuts and Two Bureaucrats Claiming They’re in Charge
Bloomberg, Nov. 27, 2017--Elizabeth DexheimerIf there's a question mark over who's in charge of the Consumer Financial Protection Bureau, Mick Mulvaney is having none of it.
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Fed’s Kaplan Says Rate Hike Appropriate in ‘Near Future’
Reuters, Nov. 27, 2017--Ann SaphirDallas Federal Reserve Bank President Robert Kaplan on Monday made his clearest case yet for an interest-rate hike next month and more to come in 2018, saying that waiting too long to tighten policy could increase the risk of recession.
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Reports Address Social Media Use, Risk
Mortgage Daily, Nov. 27, 2017--Sam GarciaMortgage borrowers who closed on their loans during the past two years were 3.7 times more likely to find their lender through social media or online research as they were five to 10 years ago, said Velocify.
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Refis Lead Drop in Weekly Mortgage Market Index
Mortgage Daily, Nov. 27, 2017The U.S. Mortgage Market Index from Mortgage Daily was 5 percent higher than during the same seven-day period last year.
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Top Court Denies Bid to Consider OT Pay for Mortgage Underwriters
Reuters, Nov. 27, 2017--Robert IafollaThe U.S. Supreme Court on Monday refused to consider whether mortgage underwriters are eligible for mandatory overtime pay under federal wage law, turning aside a California-based bank's request to resolve a circuit split on the issue.
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Judge in CFPB Leadership Lawsuit Says He Will Act Quickly
Wall Street Journal, Nov. 27, 2017--Lalita Clozel (subscription)The federal judge reviewing dueling claims over the interim leadership of the Consumer Financial Protection Bureau said Monday he would act quickly after the Trump administration responds to claims by an Obama-era official that she should be the one running the bureau.
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Mulvaney Pledges ‘Dramatic’ Shift at CFPB, Freezes Rules and Hiring
National Mortgage News, Nov. 27, 2017--Ian McKendry, Rob Blackwell (subscription)The Trump administration's pick as acting director of the Consumer Financial Protection Bureau said Monday that the agency would be "dramatically different" under new leadership, even as a federal judge declined to decide yet on the legality of the appointment.
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Otting Takes Over as Comptroller of the Currency, Pledges to Reduce Regulatory ‘Burden’
HousingWire, Nov. 27, 2017--Ben LaneJoseph Otting, who the Trump administration nominated back in June, was officially sworn in on Monday as the next Comptroller of the Currency.
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Why the Slowdown in Multifamily Starts is Healthy
D Magazine, Nov. 27, 2017--Jeff PriceThere are significant headwinds in the face of multifamily developers which are beginning to inhibit their ability to start new projects.
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MBA News

MBA Compliance Essentials CFPB Leadership & the Impact on Real Estate Finance Webinar Nov. 29
MBA Compliance Essentials and MBA Education present a timely webinar, CFPB Leadership and the Impact on Real Estate Finance, this Wednesday, Nov. 29 from 3:00-4:00 p.m. ET.
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