The Lede

National Mortgage News, Nov. 2, 2018--Paul Centopani (free article)Hiring by nonbank mortgage lenders and brokers fell in September as the housing market prepares to pack it in for the colder months. (MBA mention)

Bloomberg, Nov. 2, 2018--Christopher MaloneyThe bloodbath last month in the mortgage-bond market points to what the future may be like without Federal Reserve hand holding. Investors are now wondering if anyone will step in to stop the bleeding.

National Mortgage News, Nov. 2, 2018--Elina TarkazikisThe bank, working to fulfill mortgage settlement agreements between the U.S. Department of Justice and three states, forgave a total of $78.7 million in principal on 746 first-lien mortgages since its last update on Aug. 1, for average principal forgiveness of $105,467 per loan and total reportable credit of $79.3 million after appropriate crediting calculations and multipliers were applied.

HousingWire, Nov. 2, 2018--Alcynna LloydFannie Mae reported Friday it posted a comprehensive income of $4 billion in the third quarter, which was primarily driven by the company's business fundamentals.

American Banker, Nov. 2, 2018--Kristin Broughton (subscription)The banking industry's chief worriers have a lot to worry about these days. Whether it's increased competition from nonbank lenders, the rise of e-commerce and its impact on traditional bank clients or the uncertainty created by the pending shift to a new benchmark lending rate, risk executives and board members at big banks see no shortage of threats to their industry.

National Mortgage News, Nov. 2, 2018--Bonnie Sinnock (subscription)The fierce competition between Fannie Mae and Freddie Mac has largely taken a backseat to the myriad reforms enacted over the 10 years the mortgage giants have been in federal conservatorship. But the unique approach each company is taking with their credit-risk transfer products is quickly becoming a key point of differentiation with long-term implications.

Crain's Chicago Business, Nov. 2, 2018The hedge funds that now own the Toys "R" Us brand plan to relaunch the toy retailer as a standalone operation next year. They will look to raise capital to help revive the chain, which closed its last stores at the end of June, and are making plans that include brick-and-mortar locations.

MBA Education presents its popular School of Mortgage Banking Course I at USAA in Tampa, Fla. Nov. 27-30.