The Lede

CoreLogic, Irvine, Calif., said nearly 91,000 homeowners regained equity in the first quarter, bringing the total number of homeowners who have regained equity to nearly nine million.

Independent mortgage banks and mortgage subsidiaries of chartered banks reported average pre-tax production profits of 10.4 basis points ($224 on each loan they originated) in the first quarter.

ATTOM Data Solutions, Irvine, Calif., estimated $3.5 billion in loans for home flipping took place in the first quarter, reaching a nine-year high.

Commercial and multifamily real estate finance professionals will visit Washington, D.C. next week to present the 2017 Mortgage Bankers Association Policy Priorities to policymakers during the MBA National Advocacy Conference.

In a June 12 letter to the U.S. Department of Veterans Affairs, the Mortgage Bankers Association called on the VA to review its allowable fees policy for veterans, which have remained unchanged for 63 years.

ATTOM Data Solutions, Irvine, Calif., said foreclosure filings ticked up in May but fell sharply from a year ago.

Independent mortgage banks and mortgage subsidiaries of chartered banks reported average pre-tax production profits of 10.4 basis points ($224 on each loan they originated) in the first quarter.

Independent mortgage banks and mortgage subsidiaries of chartered banks reported average pre-tax production profits of 10.4 basis points ($224 on each loan they originated) in the first quarter.

Mortgage Orb, June 9, 2017--Peter G. MillerThe complete demolition of both Dodd-Frank and the Consumer Financial Protection Bureau is unlikely if only because there are large numbers of representatives and senators who represent rural and underserved areas.

Bloomberg, June 12, 2017--Patrick Clark, Dorothy GambrellAcross the U.S., retail real estate development that outpaced demand marked the early years of the new millennium. Now retailers are going bankrupt at a record rate, and hedge funds are betting against the commercial mortgages used to finance mall properties.

The Street, June 12, 2017--Kinsey GrantRoyal Bank of Scotland Group PLC is in advanced negotiations with the Federal Housing Finance Agency to cut a deal related to the 2008 sale of toxic mortgage bonds to U.S. government-backed loan firms Fannie Mae and Freddie Mac.

New York Times, June 12, 2017--Alan Rappeport, Matthew GoldsteinIn a report released late Monday, the Treasury Department said the Consumer Financial Protection Bureau should be substantially stripped of its powers, accusing the agency of regulatory overreach and saying the president should be able to remove its director.

National Mortgage News, June 12, 2017--John Heltman (subscription)Banks and other firms collecting defaulted debt originated by another company are not subject to the kinds of restrictions placed on third-party debt collectors, the Supreme Court ruled Monday in a unanimous decision.

Wall Street Journal, June 12, 2017--Ryan Tracy (subscription)The Trump administration will recommend limits on the U.S. consumer-finance regulator and a reassessment of a broad range of banking rules in a report to be released as early as Monday.

Wall Street Journal, June 12, 2017--Kirsten Grind (subscription)Brokers willing to learn the lost art of making risky mortgages are in demand again.

The Hill, June 8, 2017--Sylvan LaneSponsored by House Financial Services Committee Chairman Jeb Hensarling, R-Texas, the CHOICE Act is the most ambitious Republican effort to roll back the Dodd-Frank Act, passed in 2010.

Mortgage Daily, June 8, 2017HUD is selling reverse mortgages where the original borrowers in the transactions have died. HUD is marketing mortgage pools that consist of approximately 885 reverse mortgages.

Times Herald-Record (N.Y.), June 7, 2017--Chris McKennaTown Justice Lurlyn Winchester was arrested Wednesday on charges that she made false statements to a mortgage lender and gave falsified documents to investigators, all to conceal that she lived in Rockland County and not in Monroe.

Commercial Observer, June 7, 2017--Guelda VoienWhen it comes to the matter of the government's role in multifamily lending, it's like having a record on repeat.

U.S. News & World Report, June 7, 2017--Peter Tobias  There is a false narrative going around town about first-time homebuyers and it could be dangerous to the very group it purports to describe.

National Mortgage News, June 7, 2017--Kate Berry (subscription)Many smaller companies that traditionally would have rolled over and settled with the agency appear emboldened to fight given the political and legal uncertainty hanging over the CFPB. Firms are hoping to get enforcement actions dismissed or, possibly, relief from the Trump administration.

Mortgage Daily, June 7, 2017Allegations by the Consumer Financial Protection Bureau that Fay Servicing LLC illegally moved forward with foreclosures on distressed borrowers who were actively seeking help have been settled.

Wall Street Journal, June 8, 2017--Rachel Witkowski (subscription)House lawmakers aim to pass legislation by July addressing how the nation handles flood insurance, a senior Republican said, setting up a regional battle in the Senate over how the federal government covers property damage after natural disasters.

American Banker, June 8, 2017--Kate Berry (subscription)As the House moved Thursday to pass a sweeping regulatory reform bill, senators on both sides of the aisle paid lip service to offering relief to community banks and credit unions without offering many specifics over what might be included in their version.

The Real Deal, June 9, 2017--Kenneth HarneyThe country's largest source of mortgage money, Fannie Mae, soon plans to ease its debt-to-income (DTI) requirements, potentially opening the door to home purchase mortgages for large numbers of new buyers.

Spokesman-Review (Wash.), June 11, 2017--Tom KellyThe mortgage interest deduction is back in the news, thanks to a new tax plan being floated by the Trump administration. While any altering of the deduction has always been viewed as a slug to the midsection by a majority of homeowners, the number of taxpayers choosing to itemize--and thus use the deduction--is fewer than expected.

Mortgage Daily, June 9, 2017The transaction involves 3,400 Fannie Mae mortgages that have an aggregate unpaid principal balance of $581 million.