The Lede

Top National News

Jumbo Loans Drive Decrease in Mortgage Credit in September
HousingWire, Oct. 8, 2019--Kelsey RamírezMortgage credit availability loosened in September, driven by an increase in jumbo loans, the Mortgage Bankers Association's Mortgage Credit Availability Index reported. The index analyzes data from Ellie Mae's AllRegs Market Clarity business information tool.
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Federal Reserve to Announce Measures to Increase Supply of Bank Reserves
Wall Street Journal, Oct. 8, 2019--Nick Timiraos (subscription)The Federal Reserve will soon increase its purchases of short-term Treasury securities in order to avoid any recurrence of the unexpected strains experienced in money markets last month, Fed Chairman Jerome Powell said on Tuesday.
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Education Needed to Boost Non-QM Lending Even With Patch’s End
National Mortgage News, Oct. 8, 2019--Brad Finkelstein (subscription)Non-qualified mortgage originations have been on a growth spurt the last two years, growth that has been underpinned by standardization of product terminology and processes that made it easier for market participants to gain a working knowledge of the options available to them.
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Recession Coming? Don’t Blame Housing
NBC News, Oct. 8, 2019--Martha C. WhiteHousing triggered the last recession. This time it's doing well, but not well enough to stop the next downturn. (MBA mention)
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This Tax Break for First-Time Home Buyers Could Keep the Housing Market Afloat
MarketWatch, Oct. 9, 2019--Sanjiv DavThe author, with Caliber Home Loans, says federal tax relief for new homeowners would help millennials and support prices. (MBA mention)
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Trump to Curb Use of Federal Guidance in Issuing Regulations
Wall Street Journal, Oct. 8, 2019--Andrew Restuccia (subscription)President Trump is planning to sign a pair of executive orders on Wednesday meant to limit the use of a tool that the administration argues circumvents the federal rule-making process, according to administration officials.
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Pelosi, Waters Defend CFPB’s Constitutionality in Supreme Court Brief
National Mortgage News, Oct. 8, 2019--Kate Berry (subscription)Pelosi and Waters, both California Democrats, filed an amicus brief this week defending the CFPB's single-director leadership structure and language in the Dodd-Frank Act that states the bureau's director can only be removed by the president "for cause."
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MBA News

mPowering You: MBA’s Summit For Women in Real Estate Finance in Austin Oct. 26
mPowering You: MBA's Summit For Women in Real Estate Finance, takes place Saturday, Oct. 26 at the Austin Convention Center in Austin, Texas.
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Lykken on Lending Features MBA’s Marcia Davies and mPowering You Summit
This week's episode of Lykken on Lending features MBA COO Marcia Davies, who discusses mPowering You, MBA's all-day Summit for Women in Real Estate Finance, taking place Saturday, Oct. 26 in Austin, Texas.
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