The Lede

The Mortgage Reports, Aug. 13, 2018--Aly J. YaleSpoiler alert: it's the kitchen.

National Mortgage News, Aug. 13, 2018--Elina Tarkazikis (subscription)The percentage of nonconventional financing for new-home purchases fell to 30.8% in 2017, from 31.5% in 2016. For reference, 2016 was the first time this share represented less than a third of the market since 2008.

HousingWire, Aug. 13, 2018--Jeremiah JensenDespite nationally slowing rent growth in Class-A multifamily product, some markets are defying the odds and posting significant Class-A rent growth.

Bloomberg, Aug. 13, 2018--Jeanna SmialekGross domestic product remains well below what its 2007 trend would have implied and it's unlikely the economy will ever make up that lost ground, according to research from the Federal Reserve Bank of San Francisco published Monday. The hit will cost the average American $70,000 in lifetime income, they estimate.

American Banker, Aug. 13, 2018--Kevin Wack (subscription)Prosecutors have previously argued that Calk's bank approved $16 million in mortgage loans to Manafort because of Calk's own political ambition. But the comments during Friday's court proceedings were the government's most forceful public statements to date about Calk's role in the alleged fraud.

Mortgage Daily, Aug. 13, 2018Home lending increased at Guild Mortgage Co. to the highest level ever. Meanwhile, the size of the national staff and the residential loan servicing portfolio both increased.

Mortgage Daily, Aug. 13, 2018Daniel Cardenas worked as a loan officer at a Tampa, Fla., branch of Transcontinental Lending Group.

National Mortgage News, Aug. 13, 2018--Bonnie Sinnock (subscription)One example of this turmoil is C2 Financial Corp., which recently made plans to stop submitting loan applications to the wholesale division of Quicken Loans.

American Banker, Aug. 13, 2018--Victoria Finkle (subscription)As the negative headlines pile up, a question arises: Has Wells fatigue set in?

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.