The Lede

CNBC, July 25, 2018--Diana OlickMortgage demand from homebuyers has been falling for weeks and continued its slide yet again. That caused a 0.2 percent drop in mortgage application volume last week from the previous week, the Mortgage Bankers Association said.

Bloomberg, July 25, 2018--Elizabeth DexheimerRep. Maxine Waters, D-Calif., said fixing Fannie Mae and Freddie Mac would top her list of priorities if Democrats take control of the House in this year's mid-term elections and she becomes leader of the Financial Services Committee next year.

American Banker, July 25, 2018--Kate Berry (subscription)Allied Progress, a nonprofit advocacy group, said in a lawsuit that it is seeking to compel the agencies to respond to a June Freedom of Information Act request seeking documents on Kathleen Kraninger's record in government.

Mortgage Daily, July 25, 2018HomeStreet Inc. reduced the size of its residential servicing portfolio, and cut the size of its mortgage staff, but mortgage losses still widened.

Mortgage Daily, July 25, 2018Mortgage servicing rights are being offered on 14,102 Ginnie Mae loans that had an aggregate unpaid principal balance of $3.607 billion as of June 29.

National Mortgage News, July 25, 2018--Elina Tarkazikis (subscription)As the mortgage industry continues evolving digitally, MISMO is developing standards for business to consumer transactions on mobile devices, according to the Mortgage Bankers Association.

National Mortgage News, July 25, 2018--Elina Tarkazikis (subscription)A "technical snag" stands to "orphan" a subset of VA loans by excluding them from Ginnie Mae securities, according to Dan Fichtler, director of housing finance policy at the Mortgage Bankers Association.

National Mortgage News, July 25, 2018--Kate Berry (subscription)During the first seven months of Mulvaney's tenure, the CFPB had issued just one enforcement action, handing out the largest bank fine ever against Wells Fargo for failures in its auto lending and mortgage businesses. But since mid-June, the bureau has averaged about one public enforcement action a week.

HousingWire, July 25, 2018--Kelsey RamirezCoreLogic's property intelligence and risk management revenues increased 4% to $183 million driven primarily by organic growth in property insights, including real estate-related and international operations, as well as contributions from insurance and spatial solutions acquisitions completed in 2017.

Bloomberg, July 26, 2018--Prashant Gopal, Sho ChandraThe U.S. housing market--particularly in cutthroat areas like Seattle, Silicon Valley and Austin, Texas--appears to be headed for the broadest slowdown in years. Buyers are getting squeezed by rising mortgage rates and by prices climbing about twice as fast as incomes, and there's only so far they can stretch.