The Lede

The Mortgage Bankers Association and nearly two dozen other industry trade groups expressed support for a bill that would alter governance of the Consumer Financial Protection Bureau from a single director to a five-person, bipartisan commission.

The commercial mortgage-backed securities delinquency rate posted a rare increase in March, but it was modest, said Trepp Senior Managing Director Manus Clancy.

With the number of American consumers expected to take out a home equity line of credit projected to double to 10 million over the next five years, lenders need to improve digital offerings if they want to capitalize on the trend, said J.D. Power, Costa Mesa, Calif.

Equifax, Atlanta, said outstanding first mortgage balances in February reached $8.81 trillion, edging closer to the record high $9.04 trillion in 2008.

ATTOM Data Solutions, Irvine, Calif., said U.S. property taxes levied on single-family homes in 2017 increased by 6 percent to $293 billion.

The Mortgage Bankers Association' National Secondary Market Conference & Expo returns to the Marriott Marquis in New York May 20-23.

The Mortgage Bankers Association's annual Legal Issues and Regulatory Compliance Conference takes place Apr. 29-May 2 at the J.W. Marriott L.A. Live in Los Angeles.

The Mortgage Bankers Association's annual Commercial/Multifamily Servicing and Technology Conference takes place May 20-23 at the Intercontinental Miami.

MBA Education presents a new webinar, A Checklist for Effective Compliance Management Systems, on Tuesday, May 15 from 2:00-3:30 p.m. ET.

The Mortgage Bankers Association's annual Legal Issues and Regulatory Compliance Conference takes place Apr. 29-May 2 at the J.W. Marriott L.A. Live in Los Angeles.

The Mortgage Bankers Association's annual Legal Issues and Regulatory Compliance Conference takes place Apr. 29-May 2 at the J.W. Marriott L.A. Live in Los Angeles.

Reuters, Apr. 9, 2018--Patrick RuckerThe Consumer Financial Protection Bureau is seeking a record fine against Wells Fargo & Co that could exceed several hundred million dollars for auto insurance and mortgage lending abuses, sources said.

HousingWire, Apr. 9, 2018--Kelsey RamírezMGIC announced Monday it is reducing its borrower-paid mortgage insurance premiums. The reduction will bring mortgage insurance premium rates on the most popular premium plans down by an average 11 percent. PMI stocks are falling on the news.

Housing Wire, Apr. 9, 2018--Ben LaneNew Penn is owned by Shellpoint Partners, which is also the parent company of Shellpoint Mortgage Servicing, Avenue 365, a title and settlement services provider, and eStreet, an appraisal management company.

Wall Street Journal, Apr. 10, 2018--Peter Rudegeair, Rachel Louise Ensign, Coulter Jones (subscription)Lending to nonbank financial firms surges to record as banks avoid direct exposure.

National Mortgage News, Apr. 6, 2018--Kate Berry (subscription)Issuance of financial regulations has dropped to a 50-year low, new data shows, a sign that the Trump administration is fulfilling its deregulatory agenda.

Mortgage Professional America, Apr. 6, 2018--Steve RandallOutstanding balances on first mortgages is getting close to the industry record high of $9.04 trillion reached in 2008, said Equifax.

New York Times, Apr. 7, 2018--Emily Badger, Quoctrong BuiNearly one million American households received eviction judgments in 2016 in new data spanning dozens of states.

Mortgage Daily, Apr. 5, 2018Bids are being taken for MSRs on a portfolio of 13,289 loans that had a collective unpaid principal balance of $1.809 billion as of March 31.

HousingWire, Apr. 5, 2018--Ben LaneStone Point Capital, a private equity firm that also owns a piece of Ten-X, is buying a majority stake in American Mortgage Consultants, a provider of outsourced services to participants in the residential and consumer loan mortgage market.

Bloomberg, Apr. 4, 2018--Joe LightNewDay USA and Nations Lending Corp. have been restricted effective this week from issuing Ginnie Mae bonds that are intermingled with loans from other lenders. The move follows an examination by Ginnie Mae, a government-owned corporation that guarantees about $2 trillion in mortgage-backed securities, including loans backed by the Department of Veterans Affairs.

Wall Street Journal, Apr. 4, 2018--Robyn A. Friedman (subscription)A recent uptick in mortgage interest rates is increasing costs for buyers already grappling with rising prices.

HousingWire, Apr. 3, 2018--Kelsey Ramirez"While credit scores play only a limited role in the underwriting process for loans acquired by the Enterprises, their impact on borrower eligibility and loan pricing warrants periodic review," MBA President and CEO David Stevens wrote.

HousingWire, Apr. 3, 2018--Kelsey RamirezFreddie Mac announced its program, Targeted Affordable Housing Express, a new offering designed to provide faster, simpler and cheaper financing for the preservation of smaller, affordable rental properties.

HousingWire, Apr. 3, 2018--Nate ShultzThe author, with independent mortgage bank TMS, says without an FHA commissioner in place, it will be unlikely lenders will see changes to FHA policy or processes.

National Mortgage News, Apr. 3, 2018--Brian Collins (subscription)The dominant player in manufactured housing, Clayton Homes, is supporting HUD's review of construction and safety standards on manufactured homes.

National Mortgage News, Apr. 3, 2018--Brad Finkelstein (subscription)Carrington Mortgage Services' decision to offer subprime mortgage loans was a natural progression from its decision four years ago to concentrate on borrowers with credit scores under 640.