The Lede

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Weekly Mortgage Applications are Stuck in a Rut as Rates Rise
CNBC, Sept. 5, 2018--Diana OlickMortgage interest rates are stuck near recent highs and are beginning to rise again, leaving mortgage application volume basically unchanged last week, the Mortgage Bankers Association said.
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HUD Could Soon Defang Disparate-Impact Rule
Scotsman Guide, Sept. 5, 2018--Victor WhitmanBanking trade groups, such as the Mortgage Bankers Association and American Bankers Association, have argued that HUD's rule doesn't align with the 2015 Supreme Court decision on disparate impact in the so-called Inclusive Communities case involving the Texas Department of Housing and Community Affairs and the Inclusive Communities Project.
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SEC Is Back at Full Strength With Five Members
Wall Street Journal, Sept. 5, 2018--Dave Michaels (subscription)Elad Roisman, 37, will join the Securities and Exchange Commission after working for several years on the Senate Banking Committee, where he was the panel's chief counsel. The Senate approved him 85 to 14 in Wednesday's vote.
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New President at Freddie Mac, CEO Leaving
Mortgage Daily, Sept. 5, 2018Freddie Mac CEO Donald Layton informed the company's board of directors that he plans to retire; Freddie's executive vice president and head of multifamily, David Brinkman, has been promoted to President.
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We Have a Once-in-a-Generation Chance to Revamp CRA; Let’s Use It
National Mortgage News, Sept. 5, 2018--Joseph OttingThe Comptroller of the Currency writes "a broad consensus has emerged that we can make a dramatic improvement in how the Community Reinvestment Act works and increase lending, investment and other banking activity where it is needed most."
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Trump Administration Set to Dominate U.S. Housing Finance
HousingWire, Sept. 5, 2018--Jacob GaffneySeptember 6, 2018, marks the 10-year anniversary of the Federal conservatorship of Fannie Mae and Freddie Mac. By the beginning of next year, the Trump administration is likely to become the dominant force overseeing the entire nation's housing finance infrastructure.
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MSRs Offered On Nearly $4 Billion in GSE Loans
Mortgage Daily, Sept. 5, 2018Servicing on nearly $4 billion in single-family loans that are backed by the government-sponsored enterprises is being offered for sale, mostly in Texas.
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Top Housing Groups Push Trump Administration, Congress to Enact Permanent GSE Reform
HousingWire, Sept. 5, 2018--Ben LaneWith the 10-year anniversary of the government taking Fannie Mae and Freddie Mac into conservatorship approaching, a coalition of the housing industry's largest trade groups and others is calling on the Trump administration and Congress to enact permanent reforms to the government-sponsored enterprises.
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‘The Future of Mortgage Lending’ at MBA Annual Convention & Expo
Join industry trailblazers Bill Emerson and Anthony Hsieh as they discuss the future of mortgage lending at the Mortgage Bankers Association's Annual Convention & Expo, Oct. 14-17 in Washington, D.C.
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