The Lede

GoRion, Sept. 13, 2017--Sam Bourgi After a two-month hiatus, the Federal Reserve resumes its policy meetings next week in Washington. Although no change in monetary policy is expected, officials could outline preliminary plans to begin unwinding their massive $4.5 trillion balance sheet.

CNBC, Sept. 13, 2017--Dina Olick (MBA mention) Homebuyers are clamoring to capitalize on the lowest interest rates in almost a year, driving mortgage application volume 9.9 percent higher, the Mortgage Bankers Association said.

Theft of Equifax data could lead to years of grief for home buyers and mortgage applicantsWashington Post, Sept. 13, 2017--Kenneth Harney The catastrophic theft of 143 million consumers' personal data from national credit bureau Equifax could cause financial grief for years for home buyers and mortgage applicants.

National Mortgage Professional, Sept. 13, 2017--Phil HallThe Mortgage Bankers Association is considering the future of the Consumer Financial Protection Bureau with a new white paper, "CFPB 2.0: Advancing Consumer Protection," which was prepared for the trade group by law firm Covington and Burling.

CNBC, Sept. 13, 2017--Diana OlickNew estimates suggest as many as 300,000 borrowers could become delinquent on their loans and 160,000 could become seriously delinquent, that is, more than 90 days past due, when banks initiate foreclosure proceedings.

National Mortgage News, Sept. 13, 2017--Brad Finkelstein (subscription)Not every housing market is dealing with an inventory shortage, as over one-third of respondents said there was excess supply in their local area, according to a First American Financial survey.

HousingWire, Sept. 13, 2017--Ben LaneFannie Mae initially announced the sale last month, originally stating that the sale would include a pool of about 11,000 loans totaling nearly $2.5 billion in unpaid principal balance.

Bloomberg, Sept. 13, 2017 (updated)--Chanyporn ChanjaroenVikram Pandit, who ran Citigroup Inc. during the financial crisis, said developments in technology could see some 30 percent of banking jobs disappearing in the next five years.

Reuters, Sept. 13, 2017--Lucia MutikaniThe Labor Department said on Wednesday its producer price index for final demand increased 0.2 percent last month after slipping 0.1 percent in July.

Mortgage Daily, Sept. 13, 2017The Mortgage Bankers Association said single-family loan originations are expected to reach $465 billion. Lending activity is then expected to fall to $370 billion in the fourth quarter.

Mortgage Daily, Sept. 12, 2017Following a successful recruiting campaign in its home town, Guaranteed Rate will run the same campaign in Southern California.

Bloomberg, Sept. 14, 2017--Joe LightGinnie Mae is investigating lenders for allegedly pressuring veterans and members of the military into unneeded mortgage refinances--unsavory conduct that not only leads to higher consumer costs but has consequences for one of the world's largest bond markets.

HousingWire, Sept. 13, 2017--Ben LaneFor the third time this year, Fannie Mae and Freddie Mac are lowering the benchmark interest rate for standard mortgage modifications. And unlike last time, both of the government-sponsored enterprises are changing their respective benchmark rates at the same time.

National Mortgage News, Sept. 13, 2017--Brian Collins (subscription)This mortgage is built around the cost of funds, or COFI, index published by the Federal Home Loan Bank of San Francisco. It reduces the incentive for borrowers to refinance and theoretically makes it profitable for banks to hold these fixed-rate mortgages in portfolio.