The Lede

Bloomberg BNA, Aug. 3, 2018--Allyson Versprille, Lydia O'NealMortgage banks are among dozens of specialized businesses hoping soon-to-be-released guidance will give them a slice of the new tax break for pass-through businesses. "Congress specifically left out financing," Fran Mordi, the Mortgage Bankers Association's associate vice president for financial management, tax and accounting policy said. The law's language, she said, "is really not addressing what mortgage banking institutions do."

Mortgage Professional America, Aug. 3, 2018--Ryan SmithCapital One is planning to slash another 286 mortgage-related jobs as it exits its mortgage lending business. That's in addition to the 950 employees the bank laid off in November. The employees all work at the bank's Plano, Texas, campus.

National Mortgage News, Aug. 3, 2018--Brad Finkelstein (subscription)National MI deliberately dropped some of its customers in the second quarter, resulting in flat new insurance growth compared with the first quarter and a lower increase versus one year prior.

HousingWire, Aug. 3, 2018--Ben LaneRealPage announced late Thursday that it is planning to acquire LeaseLabs, a provider of digital marketing services and software to approximately 800,000 units in the multifamily housing industry, in a $100+ million deal.

UExpress, Aug. 3, 2018--Lew SichelmanHundreds, if not thousands, of undocumented immigrants are still using Individual Taxpayer Idenification Numbers to buy houses.

Reuters, Aug. 3, 2018--Lauren Tara LaCapra, Pete SchroederThe $8 million accrual is intended for roughly 625 borrowers who should have qualified for a loan modification under a program the Treasury Department set up in 2009 to help Americans who were struggling to make mortgage payments. An error in Wells Fargo's underwriting tool improperly excluded those borrowers, 400 of whom eventually had their homes foreclosed upon, the bank said.

Sky News, Aug. 6, 2018--Abid AliHSBC has agreed to pay $765 mmillion to the U.S. Department of Justice to settle a probe into the sale of mortgage-backed securities in the run-up to the financial crisis.

Politico, Aug. 2, 2018--Lorraine Woellert, Katy O'DonnellLaura Wertheimer, inspector general for the Federal Housing Finance Agency, is under investigation for misconduct after complaints that she bowed to pressure from the agency's director, Mel Watt, to weaken her office's oversight.

National Mortgage News, Aug. 3, 2018--Bonnie Sinnock (subscription)Employment by nondepository mortgage companies in June increased for the third consecutive month as seasonal hiring continued even though home resales inched down another notch.

Join thousands of your industry colleagues in our nation's capital this October for the Mortgage Bankers Association' Annual Convention & Expo 2018.

Join thousands of your industry colleagues in our nation's capital this October for the Mortgage Bankers Association' Annual Convention & Expo 2018.

Join thousands of your industry colleagues in our nation's capital this October for the Mortgage Bankers Association' Annual Convention & Expo 2018.