The Lede

CoreLogic, Irvine, Calif., reported 4.5 percent of all mortgages in some stage of delinquency in June, down by 0.8 percentage point from a year ago.

The Trump Administration's nominee for Federal Housing Commissioner is a familiar face to the housing industry and members of the Mortgage Bankers Association.

ATTOM Data Solutions, Irvine, Calif., reported home flipping in the second quarter fell by nearly 7 percent from the first quarter but was unchanged from a year ago.

The Mortgage Bankers Association's Research Institute for Housing America released a new special report, Managing Mortgage Product Development Risk.  

Fitch Ratings, New York said Fannie Mae's and Freddie Mac's limited exposure to areas affected by Hurricane Harvey and Hurricane Irma makes negative rating actions for GSE Credit Risk Transfer transactions unlikely.

The Mortgage Bankers Association, in response to numerous inquiries from its members, asked HUD to align its re-inspection policies with those of the GSEs and other federal agencies in the wakes of Hurricanes Harvey and Irma.

Black Knight, Jacksonville, Fla., said its preliminary assessment of potential mortgage-related impact from Hurricane Irma shows more than 3.1 million mortgaged properties in Irma disaster areas, representing $517 billion in unpaid principal balances.

Private-label commercial mortgage-backed securities issuance volume remained strong through August with $9.9 billion priced, reported Kroll Bond Rating Agency, New York.

The Trump Administration's nominee for Federal Housing Commissioner is a familiar face to the housing industry and members of the Mortgage Bankers Association.

The Mortgage Bankers Association's Research Institute for Housing America released a new special report, Managing Mortgage Product Development Risk.  

Private-label commercial mortgage-backed securities issuance volume remained strong through August with $9.9 billion priced, reported Kroll Bond Rating Agency, New York.

The Trump Administration's nominee for Federal Housing Commissioner is a familiar face to the housing industry and members of the Mortgage Bankers Association.

The Mortgage Bankers Association's Research Institute for Housing America released a new special report, Managing Mortgage Product Development Risk.  

Private-label commercial mortgage-backed securities issuance volume remained strong through August with $9.9 billion priced, reported Kroll Bond Rating Agency, New York.

MBA Education and MBA Compliance Essentials present a webinar, Acceleration Requirements for Mortgage Servicers on Thursday, Oct. 11 from 2:00-3:30 p.m. ET.

MBA Education holds its Advanced Risk Management Workshop on Tuesday, Sept. 26 from 1:00-5:00 p.m. ET at the Intercontinental Miami, in conjunction with the MBA Risk Management, QA and Fraud Prevention Conference.

Mortgage Daily, Sept. 14, 2017The monthly number of government-sponsored enterprise mortgages refinanced tumbled to a two-year low. Government-supported refinances plunged to a record low.

Bloomberg, Sept. 18, 2017--Shahien NasiripourThe Consumer Financial Protection Bureau had accused the National Collegiate Student Loan Trusts of illegally collecting from thousands of distressed borrowers using faulty paperwork, back-dated documents and other deceptive or unfair means.

HousingWire, Sept. 18, 2017--Jacob GaffneyHousingWire Editor in Chief says latest issues must spur Congress to take action on a number of housing finance fronts.

Wall Street Journal, Sept. 18, 2017--Nick Timiraos (subscription)The Federal Reserve resorted to a series of shock-and-awe stimulus campaigns to stabilize the economy after the financial crisis. Now the Fed is preparing the final move to unwind its support--and it wants to be as boring as possible.

Wall Street Journal, Sept. 15, 2017--Ruth Simon (subscription)Brian Harmon had just finished spending over $300,000 to fix his home in Kingwood, Texas, when Hurricane Harvey sent floodwaters "completely over the roof." It has flooded 22 times since 1979, making it one of the most flood-damaged properties in the country.

Mortgage Daily, Sept. 15, 2017Freddie Mac is now allowing unlicensed and trainee appraisers to perform and sign an appraisal report in accordance with state law. They can also perform a completion report as long as a supervisory appraiser signs it.

Wall Street Journal, Sept. 16, 2017--Laura Kusisto, Arian Campo-Flores (subscription)As homeowners in Florida begin to take stock of the damage from Irma, one pattern is beginning to emerge: homes that were built to the stricter building codes seem to have fared better.

Wall Street Journal, Sept. 17, 2017--Dan Frosch, Laura Kusisto (subscription)The effort to find both temporary and long-term housing for the tens of thousands of people displaced by Harvey is already one of the largest missions the Federal Emergency Management Agency has undertaken.

Forbes, Sept. 15, 2017--Lara O'KeefeLast week's Equifax data breach shed light once again on the possible ramifications of hacks in the commercial real estate industry if companies do not invest in cybersecurity tech.

Dallas News, Sept. 15, 2017--Tom BenningThe perk that so many tout as critical to boosting homeownership could be threatened as Congress pursues what would be the first major overhaul of the tax code in three decades.

National Mortgage News, Sept. 15, 2017--Bonnie Sinnock (subscription)At the heart of the MBA's concern is the Department of Housing and Urban Development's interpretation of policy that determines when lenders can re-inspect homes.

HousingWire, Sept. 14, 2017--Brena SwansonPlano, Texas-based Starkey Mortgage announced it is rebranding the company and changing its name to Certainty Home Loans, effective Oct. 2.

National Mortgage News, Sept. 12, 2017--Ian McKendry, John Heltman (subscription)A mishmash of lawmakers from different parties and committees are wading into the aftermath of Equifax's megabreach, with some using it to advance their policy agendas while others are calling for possible criminal prosecution.

National Mortgage News, Sept. 14, 2017--Kate Berry (subscription)Despite a direct request by six Democratic senators that Fannie Mae and Freddie Mac be allowed to rebuild capital, Treasury Secretary Steven Mnuchin on Thursday did little to clarify the administration's thinking on the issue.

National Mortgage News, Sept. 14, 2017--Elina Tarkazikis (subscription)Damage from Hurricane Irma could affect some $26.6 billion in commercial mortgage-backed securities, according to Morningstar Credit Ratings.

National Mortgage News, Sept. 14, 2017--Kate Berry (subscription)The Consumer Financial Protection Bureau may face an unsteady political environment and the potential of a leadership shakeup, but a new CFPB report on the agency's supervisory priorities has experts warning banks not to rest on their laurels.

Wall Street Journal, Sept. 14, 2017--AnnaMaria Andriotis (subscription)The Federal Trade Commission Thursday said it is investigating the Equifax data breach, adding to the mounting investigations into the credit-reporting company since the attack was disclosed last week.

HousingWire, Sept. 13, 2017--Ben LaneFannie Mae initially announced the sale last month, originally stating that the sale would include a pool of about 11,000 loans totaling nearly $2.5 billion in unpaid principal balance.

HousingWire, Sept. 13, 2017--Ben LaneFor the third time this year, Fannie Mae and Freddie Mac are lowering the benchmark interest rate for standard mortgage modifications. And unlike last time, both of the government-sponsored enterprises are changing their respective benchmark rates at the same time.

CNBC, Sept. 13, 2017--Diana OlickNew estimates suggest as many as 300,000 borrowers could become delinquent on their loans and 160,000 could become seriously delinquent, that is, more than 90 days past due, when banks initiate foreclosure proceedings.

Mortgage Daily, Sept. 13, 2017The Mortgage Bankers Association said single-family loan originations are expected to reach $465 billion. Lending activity is then expected to fall to $370 billion in the fourth quarter.

National Mortgage Professional, Sept. 13, 2017--Phil HallThe Mortgage Bankers Association is considering the future of the Consumer Financial Protection Bureau with a new white paper, "CFPB 2.0: Advancing Consumer Protection," which was prepared for the trade group by law firm Covington and Burling.

HousingWire, Sept. 12, 2017--Ben LanePaul Mangione, the former head of subprime mortgage trading at Deutsche Bank who stands accused over overseeing systemic mortgage bond fraud during the run-up to the financial crisis, says that the government kowtowed to public pressure to see individuals held responsible for the financial crisis by filing lawsuit against him that is wrong, unfair and without merit.

New York Times, Sept. 12, 2017--Annie Correal, Conor DoughertyMost Houston buyers are keeping deals on track, builders are expected to barrel ahead and owners of elevated homes may find their properties more valuable.