The Lede

Calls for 'Bright Line' Between Primary, Secondary Markets

Foreclosure Activity at Lowest Level Since 2005

But 'Credit Barbell' Indicator Jumps

National Foreclosure Inventory Down 30% from Year Ago

Held in Conjunction with MBA Accounting & Financial Management Conference

Comprehensive Guide to New HMDA Rule

HousingWire, Oct. 12, 2016 Now with the PHH ruling finalized, CEI General Counsel Sam Kazman said that the ruling opens the door for CEI's district court case, State National Bank of Big Spring v. Lew, to move forward, challenging the constitutionality of other aspects of the Consumer Financial Protection Bureau.

GoRion, Oct. 12, 2016--Bourgi, Sam The Deutsche Bank probe appears to be one of the final remnants from the subprime mortgage crisis, which set in motion a painful economic collapse both at home and abroad. Since then, the U.S. housing market has seen a painful restructuring, where new regulations, tighter lending guidelines and a shaky economy thwarted the sector's recovery on several occasions.

National Mortgage News, Oct. 12, 2016--Kilgore, Austin The housing crisis forever changed the business of servicing. The new normal is here. It's time for the industry to wake up and do something about it.

Mortgage Daily, Oct. 12,, 2016 Of the 4,378 home-equity conversion mortgages endorsed by the Federal Housing Administration in August, retail originators were responsible for 2,440 units.

Wall Street Journal, Oct. 11, 2016--Kendall, Brent; Hayashi, Yuka A federal appeals-court panel ruled the structure of the Consumer Financial Protection Bureau is unconstitutional, setting aside an enforcement action against a mortgage lender and handing a blow to the five-year-old agency.

National Mortgage News, Oct. 11, 2016--Ouyang, Xuanyan Iris Navy Federal Credit Union, the largest credit union in the country, agreed Tuesday to pay $28.5 million to settle regulatory allegations it engaged in illegal debt collection practices.

National Mortgage News, Oct. 13, 2016--Collins, Brian The Mortgage Bankers Association wants FHFA to continue to build on its credit risk transfer programs and accelerate the transfer of credit risk to private investors. But it acknowledges FHFA needs to ensure fair access for smaller lenders.

GoRion, Oct. 13, 2016--Curry, Kerry Stated income loans all but disappeared after the housing crisis, but they, along with other forms of subprime lending, have quietly returned, albeit often under new terminology.

Atlanta Journal-Constitution, Oct. 13, 2016--DiGangi, Christine The housing crisis played out differently state by state, and foreclosure can take a very long time in some jurisdictions.

Reuters, Oct. 13, 2016 The Federal Reserve bought $7.957 billion of agency mortgage-backed securities in the week from Oct. 6 to Oct. 12, compared with $10.901 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.

Bloomberg, Oct. 14, 2016--Scully, Matt; Light, Joe Bond investors including AllianceBernstein Holding LP are criticizing a proposal from Fannie Mae and Freddie Mac designed to transfer more of their risk to insurance companies. 

UExpress, Oct. 14, 2016--Sichelman, Lew There are circumstances in which private mortgare insurance can be canceled--but only at your request.

Wall Street Journal, Oct. 14, 2016--Ackerman, Andrew White House spokesman Eric Schultz on Friday reaffirmed the president's support for the top U.S. markets cop, hours after Sen. Elizabeth Warren, D-Mass.) called for her firing in a letter to President Obama.

Mortgage Daily, Oct. 17, 2016 The attorney who represented PHH Corp. in its lawsuit against the Consumer Financial Protection Bureau talked about the implications from last week's appellate court decision.

National Mortgage News, Oct. 18, 2016 As the industry descends on Boston this weekend for the Mortgage Bankers Association's annual convention, questions bubble to the surface regarding the challenges of the past year, and those that lie ahead.

HousingWire, Oct. 17, 2016--Ramirez, Kelsey Funding is provided through HUD's Community Development Block Grant--Disaster Recovery Program.