The Lede

HousingWire, May 3, 2019--Jacob GaffneyThe purchase marks Movement's second acquisition of 2019, following the purchase of the retail mortgage assets of Eagle Home Mortgage.

The Real Deal, May 3, 2019--Kenneth R. HarneyAccording to the Urban Institute Housing Finance Policy Center's latest quarterly credit availability report, mortgage lenders are reaching out to borrowers who might have been marginal--or rejectees--in the past. Lenders are increasing their appetite for at least slightly riskier applicants--people with lower credit scores, higher debt-to-income ratios, smaller down payments and other issues.

Washington Post, May 3, 2019--Robert McCartney, Patricia Sullivan Amazon said its new second headquarters in Virginia will not aggravate housing problems as much as in Seattle because it will be able to plan for growth in a way that it could not in earlier years in its home base.

Reverse Mortgage Daily, May 3, 2019--Elizabeth EckerLive Well Financial has halted fundings for new reverse mortgage loans and some loans in process, according to wholesale account executives within the company.

Wall Street Journal, May 3, 2019--Ben Eisen (subscription)The government-backed firm, which promotes homeownership by guaranteeing government mortgage bonds, is considering barring some loans backed by the Department of Veterans Affairs from inclusion in its flagship bonds.

National Mortgage News, May 3, 2019--Bonnie Sinnock (subscription)Nondepository mortgage companies cut another 1,500 workers in March as the housing market's peak season got underway, suggesting that even with business potentially picking up, lenders remain cautious about hiring.

Wall Street Journal, May 5, 2019--Paul Kiernan, Alex Leary (subscription)The White House has renewed its quest for Senate-confirmable candidates for the Federal Reserve Board who will reflect President Trump's economic priorities, after his previous two choices flamed out in a messy public fashion.

HousingWire, May 3, 2019--Ben LaneThe CFPB this week filed a lawsuit against CreditRepair.com and Lexington Law, which the bureau claims are two of the country's largest credit repair companies, alleging that the companies violated the Telemarketing Sales Rule by requesting and receiving payment of prohibited upfront fees for credit repair services.

Wall Street Journal, May 6, 2019--Sara Randazzo, Dan Frosch (subscription)Houston area residents allege the U.S. Army Corps of Engineers knew houses were at risk and now, under eminent domain law, owe them compensation.

Bloomberg, May 6, 2019--Austin WeinsteinCommittee member Katie Porter, a California Democrat elected last year, said the panel's use of hearings helps provide genuine oversight of the financial services industry and serves to "focus the minds" of industry executives.

Uexpress, May 3, 2019--Lew SichelmanOne in 12 respondents to the survey by ImproveNet--a website that connects consumers with contractors and other pros--has damaged his or her home in the process.

The MBA Compliance Essentials Consumer Complaints Resource Guide serves as a base for the development of your company's policies and procedures in this important area. And join MBA Education on Wednesday, May 29 for an informative webinar, Update on Recent Activity & Managing Consumer Complaints.