The Lede

The Federal Housing Finance Agency extended a deadline for stakeholder input on potential manufactured home chattel loans pilot initiatives for Fannie Mae and Freddie Mac as part of the Duty to Serve underserved markets until Mar. 21.

The commercial mortgage-backed securities delinquency rate could rise in 2017 due to a "sharp" increase in newly delinquent CMBS loans--many of which will default at or near maturity--said Morningstar Credit Ratings, Chicago.

Fitch Ratings, New York, said a reduction in the U.S. corporate tax rate from the current federal statutory rate of 35 percent could present Fannie Mae and Freddie Mac with significant deferred tax asset write-downs.

The Mortgage Bankers Association's annual National Secondary Market Conference & Expo returns to the New York Marriott Marquis April 30-May 3.

The Mortgage Bankers Association's Commercial/Multifamily Servicing and Technology Conference takes place May 21-24 at the Arizona Biltmore in Phoenix.

MBA Education hosts a conference call on Ginnie Mae Acknowledgment Agreement/Collateralized Lending this Wednesday, Feb. 15 from 4:30-5:30 p.m. ET. MBA members can register for free.

MBA Education and the MBA Compliance Essentials program present their popular HMDA Implementation Workshop on Wednesday, Mar. 29 from 8:00 a.m.-4:45 p.m. CT at the Hyatt Regency Chicago.

Mortgage Daily, Feb. 9, 2017During the final month of last year, there were 22,852 complaints that were filed by U.S. consumers with the Consumer Financial Protection Bureau.

Servicing Management, Feb. 13, 2017--Pam ForresterAs high-yielding assets, mortgage servicing rights make for attractive investments, but also pose a challenge that can be best viewed as a game of risk and reward.

National Real Estate Investor, Feb. 13, 2017--Debra JacksonThe commercial mortgage-backed securities resolution strategy that a lender will most likely accept is the one that, in its sole opinion, maximizes recovery to the bondholders.

National Mortgage News, Feb. 13, 2017--Brad FinkelsteinWhile Arch Capital had a slight increase in year-over-year net income to $64 million, the total was affected by $25 million of costs related to the purchase of United Guaranty.

HousingWire, Feb. 13, 2017The Office of Information and Regulatory Affairs said independent regulatory agencies are not bound by President Trump's Jan. 30 Executive Order.

National Mortgage News, Feb. 10, 2017--Jacob PassyMortgage insurer Essent Group reported higher net income for the fourth quarter, as premium growth offset a modest uptick in expenses.

National Mortgage Professional, Feb. 10, 2017--Phil HallAn analysis of the new report would suggest that the CFPB is presenting an opaque view of how the mortgage industry deals with its customers.

USA Today, Feb. 10, 2017--Kevin McCoyFormer AIG CEO and chairman Maurice "Hank" Greenberg agreed to a $9.9 million settlement Friday in a New York corporate fraud case, ending a nearly 12-year court battle by the prominent insurance industry executive.

Meriden Record-Journal (Conn.), Feb. 13, 2017--Mary Ellen GodinThe premium reduction was made as former President Barack Obama left office but was reversed by the Trump administration so that the proposal's impact on FHA's mortgage insurance funds could be reviewed. But some real estate agents and mortgage originators say the fund is healthy enough to offer a reduction.

National Mortgage News, Feb. 10, 2017--Brian CollinsA regulatory proposal to allow banks and other mortgage lenders to accept private flood insurance on residential and commercial properties does not go far enough, according to industry groups.

Reuters, Feb. 9, 2017--Tom HalsSears Holding Corp. Chairman and CEO Eddie Lampert and the company's board agreed to a $40 million settlement of a shareholder lawsuit that alleged Lampert benefited from a deal to spin off 235 of the struggling chain's best stores.

Bloomberg, Feb. 7, 2017--Steven T. Dennis; Elizabeth DexheimerPresident Donald Trump's pledge to dismantle the Dodd-Frank financial overhaul is colliding with the same reality as his pledge to gut Obamacare: The Republican majority in Congress can't decide how to make it happen and Democrats are vowing to fight.

National Mortgage News, Feb. 9, 2017--Andy PetersThe rise in home values is good news for homeowners looking to tap the equity in their homes to pay down debt or make big purchases, but some consumer groups fear it could lead to a new wave of loan defaults.

Mortgage Daily, Feb. 9, 2017As of Jan. 31, there were $1.7865 trillion in Ginnie Mae mortgage-backed securities outstanding. That marked the biggest book of business ever for the government-owned corporation based on its own historical numbers going back to 1990.

National Mortgage News, Feb. 9, 2017--Jacob PassyRadian Group appointed former CitiMortgage president Richard Thornberry as its new chief executive officer to succeed the retiring S.A. Ibrahim.

National Mortgage News, Feb. 8, 2017--Brad FinkelsteinGenworth Financial's U.S. mortgage insurance business had adjusted operating income of $61 million in the fourth quarter, up over 50% from the same period in 2015, as its new insurance written grew by 42% year over year.

HousingWire, Feb. 8, 2017--Brena SwansonWhen HUD announced it suspended the reduction of FHA mortgage insurance premiums, it helped the private mortgage insurance market retain $10 billion in volume.

HousingWire, Feb. 8, 2017--Brena SwansonThis week Reps. Ed Royce, R-Calif., Kyrsten Sinema, D-Az., and Terri Sewell, D-Al., introduced H.R. 898, the Credit Score Competition Act, which enables the GSEs to consider alternative credit scoring models when making mortgage purchasing decisions.

HousingWire, Feb. 7, 2017--Joseph MurinMurin said Ginnie Mae has become a "driver" in the American economy.

HousingWire, Feb. 7, 2017--Brena SwansonHouse Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, told Stuart Varney on Fox Business that "personnel is policy" and urged President Trump to immediately fire Richard Cordray, head of the Consumer Financial Protection Bureau.

HousingWire, Feb. 7, 2017--Brena SwansonThe move mostly points to an already existing act championed by House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, to replace Dodd-Frank, a blog post from Mayer Brown attorneys Laurence Platt and Joy Tsai said.

Kiplinger, Feb. 8, 2017--Benway, CharlesA newly designed Form 1098 gives the IRS more information, so be prepared to defend the deduction.