The Lede

First Mortgage Default Rate Up 3 Basis Points

Average Delinquency Rate was 3.4 Years

More than 242,000 Homeowners Still HARP-Eligible

Average Homeownership Tenure Reaches New High

HousingWire, Nov. 17, 2016--Swanson, Brena The Consumer Financial Protection Bureau released the official "rural or underserved" and "rural" counties lists for the industry to go off of in 2017.

Business Recorder/Reuters, Nov. 21, 2016 Deutsche Bank and Citigroup teamed up to offer a new $975 million commercial mortgage-backed securities bond they hope will satisfy new risk-retention rules that take effect next month. The banks plan to keep at least 5 percent of each class of the securitization.

Mortgage Daily, Nov. 18, 2016--Garcia, Sam Several mortgage bankers and mortgage service providers were among companies recently recognized as best employers. Culture was cited among some for their elevated status.

Baltimore Sun, Nov. 16, 2016--Sherman, Natalie The federal government has sold thousands of delinquent Maryland mortgages to private investors through a controversial program that critics argue hurts homeowners and contributes to Baltimore's vacancy problem.

HousingWire, Nov. 16, 2016--Lane, Ben Sale expected to generate $90 million for Walter Investment Management Corp.

HousingWire, Nov. 16, 2016--Swanson, Brena The report noted that Nationstar uses Xome for field services and real estate owned asset management and closings.

HousingWire, Nov. 16, 2016--Lane, Ben Recent reports from Standard & Poor's Global Ratings showed that rate at which new mortgage bonds enter the market is slowing considerably in 2016.

National Mortgage News, Nov. 16, 2016--McKendry, Ian House Financial Services Committee Chairman Jeb Hensarling recited a litany of priorities for his panel next year, touching on everything from the very broad, like housing finance reform, to the specific, including targeting a proposal to rein in payday lending.

National Mortgage News, Nov. 16, 2016--Bisbey, Allison Lenders often consent to borrowers taking on additional debt that is subordinate to theirs, since they are assured of being repaid first. But PACE loans create what is known as a super-senior lien.

HousingWire, Nov. 16, 2016--Swanson, Brena This year two of the biggest tax provisions at the top of Congress' pile to renew impact housing and homeowners, especially first-time homebuyers. MBA, NAHB and NAR urged Congress to keep these tax extensions.

National Mortgage News, Nov. 15, 2016--Collins, Brian The Federal Housing Administration's insurance fund saw its fourth consecutive annual boost in its ratio of reserves to insured mortgages, reaching 2.32% in fiscal year 2016, HUD said.

Mortgage Daily, Nov. 17, 2016 An analysis of quarterly data by the Federal Housing Finance Agency indicates 250,534 Fannie Mae and Freddie Mac refinances in September. 

National Mortgage News, Nov. 17, 2016--Collins, Brian The Home Equity Conversion Program experienced a huge swing in its net worth during the fiscal 2016 year, plummeting from a value of $6.8 billion in fiscal 2015 to negative $7.7 billion.

Reuters, Nov. 17, 2016 Minneapolis Federal Reserve Bank president Neel Kashkari unveiled a plan to end systemic risk posed by U.S. banks by forcing them to hold a massive amount of capital--as much as 38 percent.

Bloomberg, Nov. 17, 2016--Woolley, Suzanne; Dexheimer, Elizabeth; Stein, Charles The president-elect has said he plans to dismantle the Dodd-Frank Act. He hasn't discussed specific plans for the CFPB. With current filibuster rules, Congress likely can't change the agency without the votes of some Senate Democrats.

GoRion, Nov. 17, 2016--Wisniowski, Charles Mortgage tech innovators struggle to keep up in some critical real estate finance areas--notably appraisals and compliance--leaving the industry exposed between a costly rock and a regulatory hard place, experts say.

HousingWire, Nov. 15, 2016--Lane, BenEarlier this year, a federal jury found Brian Hartline, the former president and CEO of NOVA Bank, guilty of criminally defrauding the government. 

HousingWire, Nov. 15, 2016--Ramirez, Kelsey Future of GSEs still uncertain under a Trump administration.

HousingWire, Nov. 15, 2016--Swanson, Brena A judge granted on Monday that the Quicken Loans landmark case against the Department of Justice and HUD could transfer to the Eastern District Court in downtown Detroit.

Reverse Mortgage Daily, Nov. 15, 2016--Ecker, Elizabeth The financial condition of the Federal Housing Administration's Mutual Mortgage Insurance Fund improved in fiscal year 2016, despite reverse mortgage volatility that dragged on its portfolio.