The Lede

Top National News

Vulnerable Dems Side with Warren in Battle over Consumer Bureau
The Hill, Aug. 7, 2018--Sylvan LaneDemocratic Sens. Heidi Heitkamp (N.D.) and Jon Tester (Mont.), both big GOP targets this November in states won easily by Trump in 2016, say they are opposed to supporting Kathy Kraninger's nomination to lead the CFPB, joining forces with Warren and other liberal colleagues.
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Will The Mortgage Market Impact The Midterm Elections?
Forbes, Aug. 7, 2018--Aly J. YaleMortgage availability might be at historical highs, but according to a new study, that's not going to help U.S. President Donald Trump--nor his party--come November.
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Mortgage Credit Availability Hits Highest Point Since Crash
National Mortgage News, Aug. 7, 2018--Paul Centopani (subscription)Mortgage credit accessibility kept climbing in July, mostly thanks to an expansion of jumbo loan products offered, pushing the jumbo index to its historical high point, according to the Mortgage Bankers Association.
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Fannie, Freddie Could Need $78B in Crisis: FHFA
American Banker, Aug. 7, 2018--Hannah Long (subscription)Mortgage giants Fannie Mae and Freddie Mac could require as much as $78 billion in bailout money in the event of a serious financial crisis, according to stress test results released Tuesday by the Federal Housing Finance Agency.
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Banks Maintain Mortgage Credit Standards
Mortgage Daily, Aug. 7, 2018In its July 2018 Senior Loan Officer Opinion Survey on Bank Lending Practices, the Federal Reserve Board reported that 23 percent of large banks eased standards on loans considered eligible for the government-sponsored enterprises.
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Tiny Offering of GSE MSRs
Mortgage Daily, Aug. 7, 2018Bids are being sought for mortgage-servicing rights on 588 single-family loans that had an aggregate unpaid principal balance of $149 billion as of June 30.
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What FHFA Scandals Mean for Agency’s Future, GSE Reform
American Banker, Aug. 7, 2018--Hannah Long (subscription)The Federal Housing Finance Agency has faced a barrage of negative headlines lately, from a sexual harassment probe of Director Mel Watt to a court ruling declaring the agency's leadership structure unconstitutional.
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Zillow Plunges After Revenue Forecast Misses, Analyst’s Cut
Bloomberg, Aug. 7, 2018--Patrick ClarkZillow Group Inc. tumbled after the real estate listings company's revenue forecast missed even the lowest analyst estimate and its second-quarter results raised fresh questions about the company's foray into buying and selling homes.
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Residential Finance News

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MBA News

MBA Education Advanced Servicing Workshop Aug. 8-9
MBA Education presents its Advance Servicing Workshop in Irving, Texas Aug. 8-9.
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Upcoming MBA Education School of Mortgage Banking I Courses
MBA Education presents its popular School of Mortgage Banking Course I this summer in Arlington, Va.; Atlanta; and Dallas.
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