The Lede

CoreLogic, Irvine, Calif., said 5.3 percent of mortgages were delinquent by at least 30 days or more (including those in foreclosure) in January, down by 1.1 percentage point from a year ago (6.4 percent).

ATTOM Data Solutions, Irvine, Calif., said first quarter foreclosure activity fell below pre-recession levels in nearly half of metro areas analyzed.

The Consumer Financial Protection Bureau yesterday issued a proposal to modify the Home Mortgage Disclosure Act, clarifying which data financial institutions would be required to collect and report about their mortgage lending practices.

While volume has held relatively steady in recent years, the composition of securitized commercial and multifamily mortgage debt has changed dramatically.

The Mortgage Bankers Association reported independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015.

While volume has held relatively steady in recent years, the composition of securitized commercial and multifamily mortgage debt has changed dramatically.

The Mortgage Bankers Association reported independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015.

While volume has held relatively steady in recent years, the composition of securitized commercial and multifamily mortgage debt has changed dramatically.

The Mortgage Bankers Association reported independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015.

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Mortgage News Daily, Apr. 13, 2017--Jann SwansonDespite a terrible fourth quarter, independent mortgage banks and mortgage subsidiaries of chartered banks managed to have a slightly more profitable year in 2016 than they did in 2015, the Mortgage Bankers Association said.

Richmond (Va.) Times-Dispatch, Apr. 17, 2017--Andrew Little Debt funds--non-bank lenders formed with contributed equity from institutional investors--are seeking to fill the void left as bank lenders have dialed back their leverage levels.

National Mortgage News, Apr. 17, 2017--Kate Berry (subscription)The Consumer Financial Protection Bureau filed a lawsuit Monday against Weltman, Weinberg & Reis for allegedly engaging in illegal debt collection practices after the firm said it refused to agree to a settlement.

Mortgage Compliance Magazine, Apr. 17, 2017No matter how or why lenders have required flood insurance on a property, if the flood insurance lapses during the term of the covered loan, it's a problem.

Mortgage Daily, Apr. 14, 2017An investment banking firm has won its bid to acquire more than $1.6 billion in reperforming government-sponsored enterprise mortgages.

Washington Post, Apr. 14, 2017--Kenneth R. HarneyThey're either a valuable financial tool for homeowners or a harbinger of trouble on the horizon: Cash-out refinancings, which were wildly popular during the housing boom years and contributed to the severity of the crash, are on the rise again.

Wall Street Journal, Apr. 16, 2017--Nick Timiraos (subscription)The Federal Reserve is moving quickly to fill in the details of how it will wind down its securities holdings in the years ahead, a process that could start this year and become the next big challenge for investors grown accustomed to easy money from the world's most important central bank.

Columbus (Ohio) Dispatch, Apr. 16, 2017--Jim WeikerWith President Donald Trump's pledge for comprehensive tax reform, voices from across the political spectrum are saying it's time to examine the mortgage interest deduction.

Palm Beach Post (Fla.), Apr. 14, 2017--Bob SullivanMortgage debt is rising fast. Nationwide, the average balance owed on a mortgage is $196,014, up 2.5% from the year prior and 6.4% from nine years ago, said Experian.

National Mortgage News, Apr. 13, 2017--Brad Finkelstein (subscription)First-quarter foreclosure activity was down 19% from the same period last year to the lowest level since the third quarter of 2006, said ATTOM Data Solutions.

National Mortgage News, Apr. 11, 2017--John Heltman (subscription)President Trump on Tuesday reiterated his pledge to roll back the Dodd-Frank Act and replace it with "something else," although the prospects of such a legislative overhaul remain remote.

Mortgage Daily, Apr. 12, 2017Monthly loan performance significantly improved at the Federal Housing Administration. Endorsements, meanwhile, sank--though they could bounce back.

National Mortgage News, Apr. 12, 2017--Glen FestThere's a great deal of skepticism about the Trump administration's ability to affect regulatory relief. Yet some of the players most affected by rules enacted under Dodd-Frank are preparing for its potential repeal.

Bloomberg, Apr. 12, 2017--David RubensteinMorgan Stanley Chief Executive Officer James Gorman discusses why he's against repealing Dodd-Frank. He spoke to David Rubenstein for the latest episode of Bloomberg Television's "The David Rubenstein Show: Peer-to-Peer Conversations." (video)

HousingWire, Apr. 12, 2017--Brena SwansonRep. Maxine Waters, D-Calif., ranking member of the Committee on Financial Services and one of the biggest defenders of the Consumer Financial Protection Bureau, said, "The so-called Financial Choice Act is a piece of legislation that will essentially kill the most important aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was designed to prevent another financial crisis."

HousingWire, Apr. 12, 2017--Brena SwansonFollowing through on promises made by President Donald Trump, leading Congressional Republicans unveiled a new replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act. The new proposal goes further than previous Republican efforts to overhaul Dodd-Frank.

National Mortgage News, Apr. 11, 2017--Andy Peters (subscription)A litany of bankruptcies among retailers has many lenders on edge as they and others try to predict how much damage it could do to bank earnings--and how soon.

Wall Street Journal, Apr. 11, 2017--Peter Grant (subscription)Carnegie Hall Tower, the Manhattan office skyscraper that helped shore up the finances of the fabled concert hall, refinanced its debt with a $325 million loan from Metropolitan Life Insurance.

Mortgage Daily, Apr. 11, 2017Home-lending activity slowed on a quarter-over-quarter basis at Primary Residential Mortgage Inc., though year-over-year production held up.