The Lede

CoreLogic, Irvine, Calif., reported 36,000 completed foreclosures in August, virtually unchanged from July; down by 20 percent from a year ago; and down by nearly 70 percent from its 2010 peak.  

Veros Real Estate Solutions, Santa Ana, Calif., said residential market values should continue in a positive trajectory over the next 12 months, with overall annual appreciation rising to +3.6 percent from its Q2 forecast of 3.1 percent.

CoreLogic, Irvine, Calif., reported a nearly 9 percent decrease in mortgage fraud risk during the second quarter.

Ellie Mae, Actualize Consulting and eLynx have received MISMO certification for their Encompass, TRIDenTool and Expedite software products, respectively. 

MISMO seeks qualified nominations for its Standards Governance Committees for two-year terms beginning in January. The nominations deadline is Friday, Oct. 23.

Wall Street Journal, Oct. 17, 2015--Karmin, Craig; Brown, Eliot A banker and a former politician from Kazakhstan tried to launder tens of millions of dollars of stolen money through New York real-estate holdings, a civil lawsuit alleges.

MarketWatch, Oct. 16, 2015--Goldstein, Daniel Mortgage lending levels are beginning to recover from the real estate crash of the Great Recession, few outside the government want to buy it. "Many investors don't believe there is enough protection to make it worthwhile to invest in mortgage-backed securities," David Stevens, president and CEO of the Mortgage Bankers Association.

Bloomberg, Oct. 15, 2015 Deepak Narula, founder of Metacapital Management, discusses the state of Fannie Mae and Freddie Mac and why this is the time to wind down the programs.

Washington Post, Oct. 15, 2015--McLean, Bethany The author of Shaky Ground: the Strange Saga of the Mortgage Giants said Fannie Mae and Freddie Mac agglomerated too much power before going bust, but simply getting rid of them is not practical.

Pittsburgh Post-Gazette, Oct. 15, 2015--Editorial Board New mortgage regulations promise greater transparency in what consumers pay for a home loan. This editorial says one change may let some people acquire mortgages with payments they may not be able to afford in a few years.

National Mortgage Professional, Oct. 15, 2015--Hall, Phil There was one major nasty surprise, one big non-surprise and one nice mid-sized surprise awaiting mortgage professionals in today's data reports.

National Mortgage News, Oct. 13, 2015--Sinnock, Bonnie Strategies that help mortgage lenders get a handle on final Dodd-Frank Act implementation costs and better reach the next generation of homeowners will be among the hot topics discussed during the 2015 Mortgage Bankers Association's Annual Convention.

Wall Street Journal, Oct. 13, 2015--Mann, Ted; Glazer, Emily General Electric Co. agreed to sell a major chunk of its U.S. commercial lending business to Wells Fargo & Co., a milestone in the company's rapid exit from financial services that could allow it to shed a tough regulatory regime.

Mortgage Servicing News, Oct. 13, 2015--Peters, Andy The commercial mortgage-backed securities delinquency rate fell from August to September, according to Fitch Ratings.

USA Today, Oct. 18, 2015--Huang, Jayue The days of slogging through four overlapping, complex mortgage disclosure forms are gone. The new Know Before You Owe rules aim to clear up the confusion.

Bloomberg,Oct. 19, 2015--Hopkins, Cheyenne Quicken Loans Inc., the biggest U.S. online mortgage lender, is partnering with Freddie Mac to boost business among first-time and middle-income borrowers as it battles allegations over its past underwriting practices on Federal Housing Administration-backed mortgages.

Bloomberg, Oct. 19, 2015--Hopkins, Cheyenne; Perlberg, Heather A White House official said housing-finance reform is no longer expected in the near term as he dismissed investors' calls for releasing Fannie Mae and Freddie Mac from government conservatorship.

Wall Street Journal, Oct. 19, 2015--Light, Joe Obama administration officials on Monday rejected calls to release Fannie Mae and Freddie Mac from government control, signaling that it could be up to the next president or Congress to resolve the mortgage giants' fate.

Scotsman Guide, Oct. 19, 2015--Whitman, Victor Although comprehensive housing finance reform has been put on the back burner by Congress, mortgage giants Fannie Mae and Freddie Mac are being reformed from within, their chief executive officers said Monday.

New York Times, Oct. 19, 2015--Bray, Chad British bank Barclays said on Monday that it had agreed to pay $325 million to settle two civil lawsuits related to the sale of residential mortgage-backed securities in the United States.