The Lede

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Shakeout Among Mortgage Lenders Could Take Time to Materialize
National Mortgage News, Dec. 4, 2018--Bonnie Sinnock (subscription)The home mortgage industry is expecting more consolidation to potentially occur in the fourth quarter of this year, or the first quarter of next year. Both are periods when lenders tend to produce fewer loans, and may be under more pressure to sell.
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Commercial Loan Delinquencies Stay Down in 3Q
Scotsman Guide, Dec. 4, 2018--Victor WhitmanThe delinquency rate on commercial/multifamily loans held by major investor classes remained exceptionally low in the third quarter, according to the Mortgage Bankers Association.
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Mulvaney’s Misfire: CFPB Name Change Could Cost Industry Millions of Dollars
American Banker, Dec. 4, 2018--Rob Blackwell (subscription)For now, some in the industry are brushing off the analysis, noting that the CFPB has yet to require the name change on regulatory filings and the like.
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This Watchdog Agency Has Gotten Smaller, Quieter, Less Active Under Trump
Washington Post, Dec. 4, 2018--Kate RabinowitzUnder the Trump administration, the Consumer Financial Protection Bureau has seen its role diminished.
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New York Foreclosure Firm Admits to Cheating Fannie Mae, VA Out of Millions
HousingWire, Dec. 4, 2018--Ben LaneThe U.S. Attorney's Office for the Southern District of New York announced Tuesday that it reached a settlement with Rosicki, Rosicki & Associates, in which the law firm admitted to using its wholly owned affiliates, Enterprise Process Service and Paramount Land, to overcharge Fannie Mae and the VA for foreclosure and eviction-related expenses.
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Gateway Mortgage Shuttering California Branches, Laying Off Dozens
HousingWire, Dec. 4, 2018--Ben LaneGateway, based in Oklahoma and  founded by soon-to-be Governor of Oklahoma Kevin Stitt (R), said that it has been adding employees in the last year, but feels that the "uniqueness" of the California market makes it a tough one in which to operate successfully.
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Chinese Dumped $1 Billion of U.S. Real Estate in Third Quarter, Extending Recent Retreat
Wall Street Journal, Dec. 4, 2018--Esther Fung (subscription)Chinese investors offloaded more than $1 billion in U.S. real estate in the third quarter, extending their recent retreat from hotels, office buildings and other foreign property under pressure from Beijing to reduce debt and curb money sent abroad.
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