The Lede

HousingWire, Oct.23, 2018--Clayton CollinsLast week, the mortgage industry gathered in Washington D.C. for three hard-charging days of meetings, demos and general sessions at MBA Annual. Speakers dug deep into forecasted growth in purchase market and GSE conservatorship. Anthony Hsieh and Bill Emerson shared perspectives on Amazon entering the mortgage industry and some viewpoints on the wholesale market.

National Mortgage Professional, Oct. 23, 2018--Phil HallThe new body, which will replace the MBA's Investor Council, is designed to formulate ideas about investment in commercial real estate debt. It will also present information on market trends and develop best practices and industry standards. Council members will include professionals from life insurance companies, banks, securitized lenders, debt funds and government-backed capital sources.

National Mortgage News, Oct. 23, 2018--Brad Finkelstein (subscription)Despite an overall weak mortgage originations market, Flagstar Bancorp's third-quarter earnings grew 20%, due in large part to its ongoing efforts to diversify operations.

Bloomberg Businessweek, Oct. 23, 2018--Prashant Ghopal, Noah BuhayarFor some Californians, the state's punishing housing costs, high taxes, and constant threat of natural disaster have all become too much. They're making their escape to areas such as Boise, Phoenix, and Reno, Nev., fueling some of the biggest home-price gains in the country.

Wall Street Journal, Oct. 23, 2018--Multiple Staff (subscription)President Trump escalated his attacks on Federal Reserve Chairman Jerome Powell, saying the head of the nation's central bank threatened U.S. economic growth and appeared to enjoy raising interest rates.

National Mortgage News, Oct. 23, 2018--Bonnie Sinnock (subscription)Bigger digital mortgage firms are paying $3.27 for every $1 of fraud, while other digital creditors in the same size range are paying $3.47, according to LexisNexis Risk Solutions' 2018 True Cost of Fraud report.

HousingWire, Oct. 23, 2018--Jeremiah JensenCoreLogic is buying Symbility Solutions, a subscription and cloud-based property insurance claims workflow company.

American Banker, Oct. 23, 2018--Hannah Lang (subscription)More than 30% of the customer complaints lodged about a financial institution and submitted to the Consumer Financial Protection Bureau January 2017 through June 2018 originated in one of three states: California, Florida and Texas.