The Lede

The Mortgage Bankers Association released a new MBANow video featuring MBA Director of Loan Administration Justin Wiseman, who discusses updates to the Consumer Financial Protection Bureau's servicing rule.

The Mortgage Bankers Association and other industry trade groups sent a letter to the Federal Housing Finance Agency asking for an extension to respond to a proposal to improve language access in mortgage lending and servicing.

The Mortgage Bankers Association released a new MBANow video featuring MBA Director of Loan Administration Justin Wiseman, who discusses updates to the Consumer Financial Protection Bureau's servicing rule.

The Mortgage Bankers Association released a new MBANow video featuring MBA Director of Loan Administration Justin Wiseman, who discusses updates to the Consumer Financial Protection Bureau's servicing rule.

National Mortgage News, June 27, 2017--Ian McKendry (subscription)The Senate is set to begin teeing up housing finance reform discussions at a Banking Committee hearing on Thursday, but many are skeptical that Congress will be able to succeed where it has failed in the past.

HousingWire, June 27, 2017--Brena SwansonThe Consumer Financial Protection Bureau released updated guidance along with two technical corrections to the final mortgage servicing rule that is set to go into effect Oct. 19.

HousingWire, June 27, 2017--Ben LanePrime Credit, IMC Capital, Commercial Credit Consultants and Park View Law, formerly known as Prime Law Experts, and several executives in charge of the various companies will pay more than $2 million for the alleged illegal actions.

New York Post, June 27, 2017--Steve CuozzoManhattan's office market could be headed for trouble despite today's solid-seeming condition and euphoria over big chunks of space being gobbled up by marquee tenants at glamorous new towers.

HousingWire, June 28, 2017--Brena SwansonSmall lender and affordable housing association groups worked together to create a joint release of GSE reform principles in order to ensure the safety of their respective members; the Mortgage Bankers Association earlier this year issued its own GSE reform white paper.

HousingWire, June 29, 2017--Brena Swanson"Conservatorship of the GSEs has already persisted far longer than was ever intended. And while the Federal Housing Finance Agency has taken important administrative steps during this period, an extended conservatorship is economically and politically unsustainable," MBA President and CEO David Stevens told the Senate Banking Committee.

National Mortgage News, June 29, 2017--Hank Cunningham (subscription)The author, who served on the MBA Task Force on a Future Secondary Market, takes issue with investor views on GSE reform and urges the mortgage industry to unify behind common goals.

HousingWire, June 29, 2017--Bill CosgroveFormer MBA chairman urges smaller lenders like him to reject notion that GSE reform is bad for them and says failure of Congress to act is their biggest threat.

National Mortgage News, June 29, 2017--Ian McKendry (subscription)In a political atmosphere of intense partisan divisions, Republicans and Democrats on the Senate Banking Committee sounded on the same page about how to reform Fannie Mae and Freddie Mac during a panel hearing on Thursday. (MBA mention)

Mortgage Daily, June 29, 2017A new report indicates residential lending to borrowers who don't meet Qualified Mortgage rule requirements is not the same as pre-crisis subprime lending.

National Mortgage Professional, June 30, 2017--Phil HallSen. Mark Warner, D-Va., told a Mortgage Bankers Association conference last week that he and Sen. Bob Corker, R-Tenn., had found consensus on several issues, including developing a system that maintains the 30-year mortgage.

Bloomberg, June 30, 2017--Alastair Marsh, Tracy AllowayThe bank said it invoked its right as trustee to hold back funds to cover legal costs. The 20 transactions had a principal balance of $540 million and are among more than 2,000 deals involved in a lawsuit brought by bondholders.

HousingWire, June 30, 2017--Ben LaneThe settlement covers Morgan Stanley's "deceptive" mortgage bond practices in the run-up to the financial crisis and requires the company to provide $400 million in consumer relief for New York residents affected by the company's alleged actions.

Scotsman Guide, July 3, 2017--Victor WhitmanThe Mortgage Bankers Association envisions turning Fannie and Freddie into utilities and chartering other companies to compete against them. MBA President and CEO David Stevens said the trade group's plan was developed with input from its small lenders, and their proposal protects them.

Wall Street Journal, July 5, 2017--Nick Timiraos (subscription)Federal Reserve officials have indicated there is a strong chance they will announce in September a decision to start shrinking the central bank's portfolio of bonds and other assets, while putting off until December any further interest-rate increase.

Dow Jones Newswire, July 4, 2017--Esther FungThe delinquency rate for securitized commercial real-estate loans jumped 28 basis points to 5.75% in June from May, the biggest month-over-month increase since March 2012 and up sharply from the 4.6% recorded in June last year, according to real estate provider Trepp Inc.