The Lede

An explosion of mobile capabilities, a worldwide financial crisis that shook consumer confidence and a still-developing regulatory response have changed the way customers interact with their banks.

Delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter, according the Mortgage Bankers Association reported this morning in its Third Quarter Commercial/Multifamily Delinquency Report.

ATTOM Data Solutions, Irvine, Calif., reported nearly 46,000 single-family and condo home flips in the third quarter, down from a six-year high in the second quarter and down slightly from a year ago.

CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages (63 percent of all homeowners) saw their equity increase by $227 billion in the third quarter from the previous quarter, an increase of 3.1 percent.

Freddie Mac announced yesterday that it successfully implemented Release 1 of the Common Securitization Platform.

Donald Trump's surprise victory has understandably created a great deal of speculation as to what the regulatory landscape will look like going forward. But while our industry has been absorbing this news, they may have missed some important signals that suggest regulators, in the near term, will be taking a much harder look at compliance management systems in upcoming examinations.

Commercial mortgage-backed securities loans maturing in December could suffer from a decrease in liquidity as issuers wrestle with the upcoming risk-retention rule, said Morningstar Credit Ratings, Chicago.

Black Knight Financial Services, Jacksonville, Fla., said the recent surge in the 30-year fixed mortgage rate knocked another 700,000 homeowners out of the "refinanceable" population.  

Three Days; Unlimited Light Bulb Moments.

Overview of Basic Servicing Functions, Risk Management

Held in Conjunction with MBA National Servicing Conference & Expo

National Mortgage News, Dec. 8, 2016--McKendry, Ian A bipartisan duo of House lawmakers introduced a bill Thursday that would push Fannie Mae and Freddie Mac to engage in more credit risk-sharing transactions.

Mortgage Daily, Dec. 12, 2016 SoFi, a northern California marketplace home lender, pulled off its first securitization of jumbo residential mortgages.

Mortgage Daily, Dec. 12, 2016 A pair of offerings have hit the market for mortgage servicing rights on more than $10 billion in government-sponsored enterprise home loans.

National Mortgage News, Dec. 12, 2016--Passy, Jacob Fannie Mae and Freddie Mac will again halt evictions nationwide for foreclosed properties during the holiday season.

World Property Journal, Dec. 12, 2016--Gerrity, Michael According to the Mortgage Bankers Association's Commercial/Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter.

Mortgage Daily, Dec. 7, 2016 The mortgage servicing rights are being offered on 3,976 residential loans with an aggregate unpaid principal balance of $1.084 billion as of Nov. 30.

Investors Business Daily, Dec. 11, 2016--Shreve, Ken Don't give up on real estate investment trusts just yet. They have bounced up 8 percent from their Nov. 11 low and analysts and fund managers point toward an improving economy as a catalyst in coming quarters.

San Francisco Chronicle, Dec. 10, 2016--Pender, Kathleen Thanks to a program that started Saturday, some homeowners won't have to pay or wait for an appraisal on certain refinance loans backed by Fannie Mae. "Some markets have a very acute appraiser shortage," said Mortgage Bankers Association Regulatory Assistant Matt Jones. "It could take a month or two months to get an appraisal."

Reuters, Dec. 9, 2016--Raymond, Nate David Demos, 35, was charged with securities fraud in an indictment filed in federal court in New Haven, Connecticut, becoming the latest trader to face charges for cheating customers on prices of mortgage-backed securities.

New York Times, Dec. 12, 2016--Carrns, Ann This "modest" change is another recognition that housing markets have recovered from the real-estate crash, said David Stevens, chief executive of the Mortgage Bankers Association.

Roll Call, Dec. 6, 2016--Ota, Alan K. Homebuilders and lenders are preparing to defend the mortgage interest deduction as the incoming Trump administration and Congress weigh potential adjustments to one of the most popular tax sweeteners. David Stevens, president of the 2,400-member Mortgage Bankers Association, said in an interview that his group has serious concerns about any potential changes, including any attempt to lower the loan principal cap.

Mortgage Daily, Dec. 8, 2016 As of Sept. 30 of this year, the aggregate principal balance of U.S. residential loans that were outstanding amounted to $9.249 trillion.

Bloomberg, Dec. 7, 2016--Scully, Matt Fitch Ratings and DBRS Inc. are giving ratings to more than $210 million of bonds backed by loans made by Caliber Home Loans, a unit of Lone Star Funds, and by mortgages from Sterling Bank & Trust and LendSure Mortgage Corp.

HousingWire, Dec. 7, 2016--Lane, Ben The market mortgage interest rates aren't the only ones on the way up, as Fannie Mae and Freddie Mac announced Wednesday that they are increasing the benchmark interest rate for standard mortgage modifications to a level not seen in 10 months.

HousingWire, Dec. 7, 2016--Swanson, Brena American Advisors Group, Reverse Mortgage Solutions and Aegean Financial are the latest names to face the wrath of the Consumer Financial Protection Bureau due to deceptive advertisements in reverse mortgage lending.

Washington Post, Dec. 7, 2016--Harney, Kenneth R. Michigan-based United Wholesale Mortgage, which has a network of 7,000 participating brokerage firms nationwide, has begun offering mortgages with no requirement for escrow accounts--and no penalty for the privilege.

National Mortgage News, Dec. 7, 2016--Passy, Jacob Loan volume and balances increased in the third quarter as costs stabilized, according to data from the Mortgage Bankers Association.

National Mortgage News, Dec. 6, 2016--Passy, Jacob The National Fair Housing Alliance and 20 local fair housing groups have filed a lawsuit in federal court against Fannie Mae over its maintenance and marketing of foreclosure properties.

National Mortgage News, Dec. 6, 2016--Broughton, Kristin; Peters, Andy And that was only the beginning. Bank CEOs speaking in New York provided a long list of financial reforms that they would like to see under the incoming Trump administration.

National Mortgage News, Dec. 6, 2016--Berry, Kate The Consumer Financial Protection Bureau and its director Richard Cordray are on a collision course with President-elect Donald J. Trump in what could become a legal showdown over the limits to executive power.