The Lede

National Mortgage News, Aug. 10, 2018--Neil Haggerty (subscription)The Federal Reserve Board announced an $8.6 million fine against Citigroup Friday, alleging deficiencies in how a subsidiary prepared certain mortgage-related documents in 2015.

HousingWire, Aug. 10, 2018--Kelsey RamirezThe median age of owner-occupied homes is currently 37 years, according to data from the 2016 American Community Survey from the National Association of Home Builders. This is the same age the association reported last year for 2015, however, it is up six years from 31 years in 2005.

Mortgage Daily, Aug. 10, 2018Testimony from seven former employees reportedly indicated Summit profit participant and CORE coach Rick Ruby said things like he had "no use" for older workers, "dinosaurs" and "Humpty Dumptys."

UExpress, Aug. 10, 2018--Lew SichelmanAt the national level, a movers' trade association has its antennae out for fraudsters, and wants to prevent consumers from being scammed. And a federal agency cracks down on any scallywag outfits it finds.

Mortgage Daily, Aug. 10, 2018Monthly FHA business inched higher and might accelerate further. Delinquency turned sharply higher, and reverse mortgage production was the slowest it's been in four years. But commercial mortgage endorsements doubled.

National Mortgage News, Aug. 10, 2018--Nathan DiCamillo (subscription)The bank has restored data access to Plaid Technologies and also signed a data-exchange agreement with Finicity. The move resolved a very public dispute between the aggregator and the bank.

Politico, Aug. 10, 2018--Lorraine Woellert, Katy O'DonnellTimothy Mayopoulos had recused himself broadly from any business between Fannie Mae and the company, TransUnion, where his romantic partner, Heather Russell, serves as chief legal officer. But the watchdog faulted Mayopoulos--and Fannie Mae--for not flagging a possible conflict involving a credit-scoring project that could benefit TransUnion.

Reuters, Aug. 10, 2018--Lindsay DunsmuirU.S. consumer prices rose in July and the underlying trend continued to strengthen, pointing to a steady increase in inflation pressures that keeps the Federal Reserve on track to gradually raise interest rates.