The Lede

Bloomberg, Oct. 1, 2018--Claire BostonFund managers that took a chance on beaten-down mortgage bonds sometime after Lehman Brothers collapsed have seen their money swell as the housing market has recovered. Home loans for even troubled consumers have turned out to be more solid than many investors had feared: borrowers that weathered the downturn are diligently paying their obligations and defaults at this stage are infrequent.

Reuters, Oct. 1, 2018--Richard LeongThe U.S. housing market, already struggling with tight inventory and rising building costs, faces a fresh headwind as 30-year mortgage rates rise close to the 5 percent threshold for the first time in years.

National Mortgage News, Oct. 1, 2018--Elina Tarkazikis (subscription)The Mortgage Bankers Association and nearly a dozen trade groups said that after more than five years under the LO Comp rule, changes to the order should be among the CFPB's top priorities in its review of the mortgage rules, according to a letter sent to acting CFPB Director Mick Mulvaney.

HousingWire, Oct. 1, 2018--Jessica Guerin"We were trying to understand why, in a still relatively low interest rate market where house prices have returned in most major markets including in many of these states where reverse mortgages were, why were we still hemorrhaging money," FHA Commissioner Brian Montgomery said. "We thought this was a contributing factor that required further due diligence."

Bloomberg, Oct. 1, 2018--Jeff KearnsAbout 10 percent see the next contraction starting in 2019, 56 percent say 2020 and 33 percent said 2021 or later, according to the Aug. 28-Sept. 17 poll of 51 forecasters issued by the National Association for Business Economics on Monday.

Mortgage Daily, Oct. 1, 2018Continued growth is being cited by Gateway Mortgage Group LLC for a recruiting campaign to add a hundred employees to its network of mortgage locations.

Mortgage Daily, Oct. 1, 2018After leading agency issuance higher for two consecutive months, Fannie Mae was out front of a decline in securitizations last month. The spread between Freddie Mac's and Ginnie Mae's volume has been slashed from recent highs.

National Mortgage Professional, Oct. 1, 2018--Phil HallH.R. 6737, The Protect Affordable Mortgages for Veterans Act of 2018, would allow recently executed loans refinanced by the Department of Veterans Affairs home loans to maintain their eligibility for pooling in Ginnie Mae securities. Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, says the trade group supports the bill.

Wall Street Journal, Oct. 1, 2018--Yuka Hayashi (subscription)Eric Blankenstein, the top enforcement official at the Consumer Financial Protection Bureau on Monday expressed regret for "poor conduct" regarding past racial remarks he made on a blog more than a decade ago, saying he was "absolutely committed to carrying out the bureau's fair lending mandate."