The Lede

The House on Tuesday approved legislation overhauling the National Flood Insurance Program, a key plank in the Mortgage Bankers Association's legislative agenda this year.

CoreLogic, Irvine, Calif., said mortgage delinquency rates fell to their lowest levels since 2007 in the third quarter and foreclosure inventory rate fell to its lowest level since 2006.

The Mortgage Bankers Association has created a summary that compares Senate and House versions of tax reform legislation currently wending through Congress.

Ahead of the Mortgage Bankers Association's 3rd Quarter National Delinquency Survey release this Friday, ATTOM Data Solutions, Irvine, Calif., said its quarterly analysis showed seriously underwater properties fell by nearly one million properties from the second quarter.

The Federal Housing Finance Agency will allow Fannie Mae and Freddie Mac limited re-entry into the Low-Income Housing Tax Credit market as equity investors effective immediately, the agency said.

Senate Banking Committee Chairman Mike Crapo, R-Idaho, and a bipartisan group of cosponsors introduced a regulatory relief package this week that could ease certain Dodd-Frank Act restrictions on banks, a compromise praised by the Mortgage Bankers Association.

Summer hurricanes and payment timing issues drove an uptick in early stage mortgage delinquencies, the Mortgage Bankers Association reported Friday.

The Mortgage Bankers Association offered comments and recommendations to the Consumer Financial Protection Bureau on its Draft Strategic Plan for Fiscal Years 2018-2022.

Black Knight, Jacksonville, Fla., said residual impact of summer hurricanes triggered a second consecutive monthly increase in mortgage delinquencies.

The Federal Housing Finance Agency will allow Fannie Mae and Freddie Mac limited re-entry into the Low-Income Housing Tax Credit market as equity investors effective immediately, the agency said.

The Federal Housing Finance Agency will allow Fannie Mae and Freddie Mac limited re-entry into the Low-Income Housing Tax Credit market as equity investors effective immediately, the agency said.

MBA Education and MBA Compliance Essentials announce availability of its updated CFPB Mortgage Servicing Rules Resource Guide, updated through August.

Mortgage Daily, Nov. 14, 2017--Sam GarciaAs mobile adoption grows at a robust pace, a wholesale mortgage lender and a mortgage insurance company have positioned themselves to capitalize on the trend.

Wall Street Journal, Nov. 14, 2017--Peter Grant (subscription)The residential real estate industry might be panicking about the Republican-backed tax overhaul making its way through Congress, but many in the commercial real estate industry are delighted with what they see so far.

Mortgage Daily, Nov. 14, 2017As quarterly loan originations moved higher at the nation's home lenders, the balance of outstanding mortgages was up and delinquency was down. Home-secured credit lines outstanding contracted.

Politico, Nov. 14, 2017--Zachary WarmbrodtHouse Republicans overcame bipartisan opposition Tuesday to pass a bill that would reauthorize and overhaul the National Flood Insurance Program, which has strained to pay out billions of dollars to policyholders after this year's run of devastating hurricanes.

Mortgage Daily, Nov. 14, 2017--Jamin Neil; T. Robert FinlayChallenges to mortgage lenders and servicers' right to foreclose based on the expiration of the statute of limitations are rapidly increasing in the Pacific Northwest and Southwest regions.

The Hill, Nov. 15, 2017--Sylvan LaneConsumer Financial Protection Burea Director Richard Cordray told his agency's employees he will resign before the end of November.

Mortgage Daily, Nov. 15, 2017Following four straight years of improvement, the Mutual Mortgage Insurance Fund's capital ratio deteriorated. No reduction in premiums is likely as reverse mortgages continue to be a problem.

New York Times, Nov. 16, 2017--Thomas Kaplan; Alan RappeportThe House passed a sweeping rewrite of the tax code on Thursday by 227-205, taking a significant leap forward as Republicans seek to enact $1.5 trillion in tax cuts for businesses and individuals and deliver the first major legislative achievement of President Trump's tenure.

Mortgage Daily, Nov. 17, 2017Single-family loans that were at least 30 days late or in the foreclosure inventory accounted for 6.11 percent of all outstanding mortgages as of Sept. 30, the Mortgage Bankers Association reported.

National Mortgage Professional, Nov. 17, 2017--Phil HallThe Federal Housing Finance Agency is shifting its policy by enabling Fannie Mae and Freddie Mac to re-enter the Low Income Housing Tax Credit market as equity investors on a limited basis. (MBA mention)

National Mortgage News, Nov. 17, 2017--Ian McKendry (subscription)The White House and congressional GOP leaders are eyeing a tight window between tax reform passage and the 2018 midterms to pass housing finance reform. And with key policymakers readying their exit, the effort could be the most concerted push yet.

UExpress, Nov. 17, 2017--Lew SichelmanMost people are unaware that they can cut their tax bills if their homes are damaged during a disaster such as the Northern California fires, or the hurricanes that blasted the Gulf Coast, much of Florida and all of Puerto Rico. But they can do so, if they are proactive.

Washington Post, Nov. 18, 2017--Joel AchenbachMore than 4.7 million Americans--or about 1.4 percent of the population--have registered so far this year for disaster aid from the Federal Emergency Management Agency. In 2016, 480,000 sought aid, and fewer than 180,000 people registered for disaster assistance in each of the three previous years.

Mortgage Orb, Nov. 20, 2017--Patrick BarnardThe mortgage delinquency rate was about 4.88%, on a seasonally-adjusted basis, as of the end of the third quarter, an increase of 64 basis points compared with the second quarter and an increase of 36 basis points compared with the third quarter of 2016, according to data from the Mortgage Bankers Association.

National Mortgage News, Nov. 20, 2017--Brad Finkelstein (subscription)The impending bankruptcy of Walter Investment Management Corp. should not affect its subsidiary Ditech Financial's capability to service securitized mortgages, Fitch Ratings said.

National Mortgage Professional, Nov. 20, 2017--Phil HallLast year saw a 646 percent increase in foreclosures against seniors with federally insured reverse mortgages as compared to the previous seven years, according to HUD data received by a Freedom of Information Act request made by the California Reinvestment Coalition and Jacksonville Area Legal Aid.