The Lede

Three of Five Cities Report Default Rate Increases

Black Knight Financial Services, Jacksonville, Fla., said mortgage prepayment speeds jumped by more than 32 percent in August and by more than 50 percent from a year ago.

Sector Shows Imrovement After 'Difficult' First Half of Year

Overview of Cyber-Security, Data Privacy Risks for Lenders/Servicers

Mortgage Daily, Sept. 22, 2016 Black Knight Financial Services reports 2.678 million loans delinquent or in foreclosure, down from August.

Mortgage Daily, Sept. 26, 2016 Wells Fargo & Co.'s banking subsidiary has agreed to settle allegations that it violated federal law on telephone calls made in connection with home loans.

HousingWire, Sept. 26, 2016--Lane, Ben Plans to share even more risk with mortgage insurers.

National Mortgage News, Sept. 26, 2016--Sinnock, Bonnie Now that Fannie Mae requires trended data credit reports for its automated underwriting system, will other secondary market players follow suit? If so, how soon?

Santa Fe New Mexican, Sept. 24, 2016--Miller, Cynthia Securities and Exchange Commission filed a motion Friday in a federal court saying it will drop three out of five remaining civil fraud claims against two former top executives of Thornburg Mortgage, a Santa Fe-based firm that was once the second-largest mortgage company in the nation.

Mortgage Daily, Sept. 23, 2016 Estimated Q2 U.S. originations $488 billion.

Bloomberg, Sept. 26, 2016--Light, Joe; Scully, Matt Mortgage insurance companies are getting a long-awaited shot at expanding their business with Fannie Mae and Freddie Mac. But it's shaping up to be less lucrative than they had hoped.

Associated Press, Sept. 25, 2016 Genworth Mortgage Insurance CEO Rohit Gupta discusses housing market.

DS News, Sept. 23, 2016--Baer, Kendall Michael Waldron of Bayview Loan Servicing says adjustments to existing systems add clarity and create efficiencies.

Mortgage Daily, Sept. 23, 2016 Loans with nontraditional credit that receive an approve/eligible recommendation from Fannie Mae's Desktop Underwriter will be eligible for delivery on a delegated or non-delegated basis.

OC Register (Calif.), Sept. 23, 2016--Lazerson, Jeff Fannie Mae releases 10.0, the 31st version of its automated credit decision engine named Desktop Underwriter or DU.

National Mortgage News, Sept. 23, 2016--Collins, Brian Fannie Mae employees working to update the agency's automated underwriting machine to process trended data for the first time.

Bloomberg, Sept. 23, 2016--Light, Joe The Mortgage Bankers Association, the largest home lender trade group, on Friday proposed a substitute for the Home Affordable Modification Program, President Barack Obama's signature response to the foreclosure crisis. 

HousingWire, Sept. 22, 2016--Wheeler, Sarah Approach of New York City versus San Francisco is enlightening.

National Mortgage News, Sept. 22, 2016--Peters, Andy Banks are dumping their mortgage servicing rights because low rates and new rules make it hard to earn a profit. These banks take the opposite view.

National Mortgage News, Sept. 20, 2016--Passy, Jacob National Association of Hispanic Real Estate Professionals created a glossary that provides Spanish translations of terms used by the real estate and mortgage industries.

24/7 Wall St., Sept. 22, 2016--Ausick, Paul CoreLogic said mortgage lenders in Miami face highest fraud risks.

GoRion, Sept. 22, 2016--Wisnowski, Charles At MBA Regulatory Compliance Conference, "uncertainty" about regulatory environment is most common word.

National Mortgage News, Sept. 21, 2016--Passy, Jacob Fannie Mae said transactions represent continuation of its efforts to reduce taxpayer risk through an increased role for private capital in the mortgage market.

Mortgage Daily, Sept. 21, 2016 Joint venture between Nationstar Mortgage LLC and KB Home winding down.

National Mortgage News, Sept. 21, 2016--Heltman, John Fed Chair insists despite concerns raised by the recent scandal at Wells Fargo, there is no inherent reason why large banks cannot meet existing standards of conduct.

NASDAQ, Sept. 21, 2016--Trefis Team Five largest U.S. banks have seen a notable reduction in their total third-party mortgage servicing portfolio.

HousingWire, Sept. 22, 2016 Settlement closes claims related to Bear Stearns, Washington Mutual securities sold to investors.

Scotsman Guide, Sept. 21, 2016--Whitman, Victor MBA and other groups said proposed HUD rule on Home Equity Conversion Mortgages could harm servicers, borrowers.

Mortgage Daily, Sept. 20, 2016 Upgrades resulted from recent massive settlement by Bank of America.

National Mortgage News, Sept. 20, 2016--Passy, Jacob Americans carrying higher levels of debt as they head into retirement, raising the specter of financial headaches in their old age.

HousingWire, Sept. 20, 2016--Lane, Ben GSE predicts best year for home sales since 2006.

Mortgage Daily, Sept. 20, 2016 FHFA reports Fannie Mae, Freddie Mac refis tumbled from year ago.

Reuters, Sept. 20, 2016--Rucker, Patrick Richard Cordray, director of the Consumer Financial Protection Bureau, said the agency expects to reach 1 million complaints by the end of the week.