The Lede

New York Times, Sept. 18, 2019--Jeanna Smialek, Matt PhillipsThe Federal Reserve Bank of New York had to spring into action to keep the effective fed funds rate in line after it rose to the very top of the Fed's range of 2 to 2.25 percent.

HousingWire, Sept. 17, 2019--Kelsey RamírezLife insurance companies are set to create a surge in multifamily lending in 2020, according to a new study from the Mortgage Bankers Association.

National Mortgage Professional, Sept. 17, 2019MISMO is seeking industry feedback during a 60-day public comment period on its new Business Glossary, an online educational resource of industry business terms and data point descriptions, created for mortgage professionals.

National Mortgage Professional, Sept. 17, 2019Builder Application Survey data from the Mortgage Bankers Association for August shows mortgage apps for new home purchases increased 33 percent compared to a year ago. Compared to July, applications decreased by 0.2 percent.

HousingWire, Sept. 17, 2019--Kelsey RamirezA rule that allows government-sponsored enterprises Fannie Mae and Freddie Mac to sidestep stricter mortgage underwriting requirements is set to expire in 2021, and while that may seem like a ways away, its pending removal has sparked widespread debate throughout the industry. (MBA mention)

National Mortgage News, Sept. 17, 2019--Kate Berry (subscription)Kathy Kraninger, the director of the Consumer Financial Protection Bureau, gave more support Tuesday to the Trump administration's position that the agency she runs exceeds constitutional limits.

American Banker, Sept. 17, 2019--Neil Haggerty (subscription)Senate Democrats are warning the Consumer Financial Protection Bureau to be careful as it considers changes to its mortgage underwriting rules.