The Lede

Washington Post, Nov. 6, 2017--Christopher IngrahamThe House Republican tax proposal would eliminate deductions for mortgages on second homes. This could have a significant impact on certain areas of the country where vacation and second homes make up a disproportionate chunk of the local housing market.

Bloomberg, Nov. 6, 2017--Matthew BoeslerFederal Reserve Bank of New York President William Dudley plans to retire in the middle of next year, signaling the departure of an influential, crisis-tested policy maker that will widen the leadership overhaul at the U.S. central bank.

Reuters, Nov. 6, 2017--Lindsay DunsmuirLoan officers at U.S. banks reported easing standards for business loans while terms for commercial real estate loans remained unchanged, a Federal Reserve quarterly survey showed on Monday.

Mortgage Daily, Nov. 6, 2017Residential endorsements jumped to the highest level in seven months at FHA, while commercial real estate activity was the highest in at least four years. Delinquency worsened, however.

Mortgage Daily, Nov. 6, 2017Ocwen Financial Corp. reported growth in mortgage assets and improvement in delinquency. Servicing, however, declined, while losses continued, and originations were mixed.

Bloomberg, Nov. 6, 2017--Laura LitvanSenate tax writers are planning on keeping the mortgage interest deduction limit at $1 million, unlike the House legislation released last week that set a cap of $500,000 for new home sales.

National Mortgage News, Nov. 6, 2017--Bonnie Sinnock (subscription)Users were having trouble accessing Freddie Mac's selling system Monday afternoon, according to an alert issued by the government-sponsored enterprise.

HousingWire, Nov. 6, 2017--Brena SwansonWhat this potential change means for smaller players in the FHA lending space if the big banks jump back in remains to be seen, but regardless, FHA lenders could soon be operating in a whole new world.

National Real Estate Investor, Nov. 6, 2017--Mary DiduchPresident Donald Trump last Thursday nominated Federal Reserve governor Jerome Powell as the central bank's new chairman. Real estate economists do not expect Powell to force dramatic changes in monetary policy.

The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.