The Lede

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,122 on each loan they originated in the second quarter, up from a reported gain of $224 per loan in the first quarter, the Mortgage Bankers Association reported yesterday in its Quarterly Mortgage Bankers Performance Report.

HUD on Tuesday said it will raise upfront fees and tighten distribution limits of its Home Equity Conversion Mortgage Program.

Lien and judgment data are important, because it reflects on a borrower's character as well as his or her propensity and ability to pay. If that's true, then why aren't the bureaus reporting that data anymore?

Hurricane Harvey has been downgraded to a tropical depression, but Texas commercial real estate will feel the storm's effects for a long time to come, analysts say.

Frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications were unchanged in July after seven consecutive monthly increases, said First American Financial Corp., Santa Ana, Calif., suggesting such defects could be at a "turning point."

Lien and judgment data are important, because it reflects on a borrower's character as well as his or her propensity and ability to pay. If that's true, then why aren't the bureaus reporting that data anymore?

Lien and judgment data are important, because it reflects on a borrower's character as well as his or her propensity and ability to pay. If that's true, then why aren't the bureaus reporting that data anymore?

The Mortgage Bankers Association has prepared numerous resources for homeowners and renters affected by Hurricane Harvey.

The Mortgage Bankers Association has prepared numerous resources for homeowners and renters affected by Hurricane Harvey.

The Mortgage Bankers Association has prepared numerous resources for homeowners and renters affected by Hurricane Harvey.

Mortgage Daily, Aug. 30, 2017VantageScore reported risk of default on new quarterly mortgage originations turned significantly higher as production plunged, though seasonal factors played a role.

Mortgage Daily, Sept. 1, 2017Originators of home-equity conversion mortgages generated 4,927 endorsements by FHA during August, the busiest month since April.

National Mortgage News, Sept. 1, 2017--Brad Finkelstein (subscription)Ellie Mae, looking to expand the analytical capabilities of its customer-relationship management technology, is purchasing Velocify for $128 million in cash.

National Mortgage Professional, Sept. 1, 2017--Phil HallCoreLogic has updated its residential loss estimates for Hurricane Harvey, placing the estimated insured flood loss for homes in the 70-county area in Texas and Louisiana affected by the storm between $6.5 billion and $9.5 billion.

Mortgage Daily, Sept. 1, 2017Past due payments on securitized commercial real estate loans turned lower as the wall of maturities subsided. The improvement was led by industrial loans, said Morningstar Credit Ratings LLC.

Mortgage Daily, Aug. 31, 2017Senior executives of the Federal Home Loan Bank of Dallas have been indicted for using funds from the organization to pay for personal expenses.

Mortgage Daily, Sept. 1, 2017Serious delinquency at Fannie Mae fell to the lowest level in the past decade. New business maintained.

National Mortgage News, Aug. 31, 2017--Elina Tarkazikis (free article)As Hurricane Harvey continues to wreak havoc in Texas and Louisiana, servicers and other mortgage industry resources stand at the ready to help displaced homeowners. (MBA mention)

National Mortgage News, Aug. 31, 2017--Elina Tarkazikis (subscription)The Home Ownership Equity Protection Act loan threshold rose slightly to $21,032, from $20,579. The adjusted points and fees dollar trigger for high-cost mortgages in 2018 will be $1,052, up from $1,029, according to a final rule filed in the Federal Register this week.

MarketWatch, Aug. 31, 2017--Jacob PassyHUD announced on Tuesday that it will makes changes to the reverse-mortgage program to reduce the risk the program presents to the government and taxpayers. "This is a statement that the program is important," said David Stevens, president and CEO of the Mortgage Bankers Association. "For certain seniors, it's their only option."

Mortgage Daily, Aug. 30, 2017For the second month in a row, the performance of securitized commercial real estate loans improved. Industrial loans led the decline in late payments, said Trepp LLC.

National Mortgage News, Aug. 29, 2017--Bonnie Sinnock (subscription)Mortgage companies' net gain for each loan they originated between April and June rose to $1,122 from $224, according to the Mortgage Bankers Association.

HousingWire, Aug. 30, 2017--Brena SwansonMortgage insurance premium cuts and HECM both impact the FHA's flagship fund, the Mutual Mortgage Insurance Fund. The fund insures mortgages made by the FHA on single-family homes and pays the lender if the borrower defaults.

National Mortgage News, Aug. 30, 2017--Lalita Clozel (subscription)As Republicans policymakers pursue efforts to revamp the Consumer Financial Protection Bureau and replace its leadership, state agencies are already preparing to fill any vacuum that might ensue if the CFPB steps back.

Barron's, Aug. 30, 2017--Amey StoneMajor flooding in Texas is putting at risk about $19.4 billion in properties financed by commercial mortgage-backed securities, according to Morningstar Credit Ratings.

CBS North Carolina, Aug. 29, 2017--Robert RichardsonA six-year audit by the Special Inspector General for the Troubled Asset Relief Program found the agency spent thousands of TARP dollars on meals for employees. The audit found $3 million in improper expenses across 18 states which receive TARP funding, as well as the District of Columbia.

Mortgage Daily, Aug. 29, 2017Nearly $1 billion in government-sponsored enterprise residential loans are being marketed for sale. The mortgages are either slightly past due or reperforming.

HousingWire, Aug. 29, 2017--Brena SwansonHUD is changing the requirements around its reverse mortgage program, announcing plans on Tuesday to raise premiums and place tighter loan limits.

Scotsman Guide, Aug. 29, 2017--Victor WhitmanThe Trump administration announced Tuesday that it was raising the premiums for most reverse mortgages and lowering the maximum amount that can be borrowed in an effort to stem the tide of losses to the Federal Housing Administration insurance fund. The nation's largest mortgage trade group, the Mortgage Bankers Association, praised the move as a way for the program to remain financially viable.

Sentinel & Enterprise (Fitchburg, Mass.), Aug. 29, 2017--Philip DeFronzoThe author, founder and CEO of Norcom Mortgage, expresses support for MBA plan on GSE reform.

Associated Press, Aug. 29, 2017--Bernard Condon, Ken Sweet"There's going to be a huge uninsured economic loss here," said Pete Mills, a senior vice president at the Mortgage Bankers Association.