The Lede

WASHINGTON, D.C.--Bureau of Consumer Financial Protection Acting Director Mick Mulvaney said despite perceptions that the Bureau has stopped enforcing laws and regulations, the Bureau "continues to function as we did before--we are just taking a different way of looking at it."

WASHINGTON, D.C.--Tim Mayopoulus joined lenders here at the Mortgage Bankers Association's Annual Convention & Expo on his last day of work at Fannie Mae.

The commercial mortgage-backed securities delinquency rate fell 23 basis points in September to 3.41 percent, reported Trepp LLC, New York.

WASHINGTON, D.C.--Bureau of Consumer Financial Protection Acting Director Mick Mulvaney said despite perceptions that the Bureau has stopped enforcing laws and regulations, the Bureau "continues to function as we did before--we are just taking a different way of looking at it."

WASHINGTON, D.C.--Tim Mayopoulus joined lenders here at the Mortgage Bankers Association's Annual Convention & Expo on his last day of work at Fannie Mae.

WASHINGTON, D.C.--Bureau of Consumer Financial Protection Acting Director Mick Mulvaney said despite perceptions that the Bureau has stopped enforcing laws and regulations, the Bureau "continues to function as we did before--we are just taking a different way of looking at it."

WASHINGTON, D.C.--Tim Mayopoulus joined lenders here at the Mortgage Bankers Association's Annual Convention & Expo on his last day of work at Fannie Mae.

The Mortgage Bankers Association, in a letter to the Department Agriculture's Rural Housing Service, recommended the interest rate cap on RHS Section 502 Single-Family Housing Guaranteed Loan Program loans be removed, citing mortgage market dynamics and secondary mortgage market considerations.

The Mortgage Bankers Association and nearly a dozen industry trade groups asked a House Ways and Means subcommittee to support legislation that would improve security protocols at the Internal Revenue Service.

The Mortgage Bankers Association urged the Consumer Financial Protection Bureau to improve its trial disclosure program, particularly to encourage more companies and trade associations (such as MBA) to undertake trial disclosures in partnership with the Bureau.

ATTOM Data Solutions, Irvine, Calif., reported 177,146 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions) in the third quarter, down by 6 percent from the previous quarter and down by 8 percent from a year ago to the lowest level since 2005.

A record number of e-commerce retailers opened physical stores last year and 850 more are set to open in the next five years, reported JLL, Chicago.

Healthy economic momentum and consumer confidence have boosted travel and hotel performance, but the sector could see more volatility in 2019, analysts say.

Wall Street Journal, Oct. 15, 2015--Yuka Hayashi (subscription)Mick Mulvaney, the Consumer Financial Protection Bureau's acting director, said Monday the bureau is working on a regulation defining how it views unfair, deceptive or abusive acts or practices, known as UDAAP. (MBA mention)

HousingWire, Oct. 15, 2018--Ben LaneCraig Phillips, Department of the Treasury Secretary Steven Mnuchin's top housing advisor, told the crowd at the Mortgage Bankers Association 2018 Annual Conference in Washington, D.C., on Monday that the Trump administration is working to end the conservatorship of Fannie Mae and Freddie Mac.

National Mortgage News, Oct. 15, 2018--Hannah Lang (subscription)FHA is planning to streamline its single-family loan servicing requirements in order to align them with industry standards. These efforts are part of the Trump administration's objective to ease regulatory burdens, said FHA Commissioner Brian Montgomery during a speech at the Mortgage Bankers Association's annual conference Monday.

American Banker, Oct. 14, 2018--Neil Haggerty (subscription)During his tenure, House Financial Services Committee Chairman Jeb Hensarling has attempted to undo the Dodd-Frank Act, eliminate the mortgage giants Fannie Mae and Freddie Mac, severely weaken the Consumer Financial Protection Bureau's authority and overhaul the National Flood Insurance Program. He says even if his uncompromising proposals weren't likely to become law, they were still worth pursuing.

National Mortgage Professional, Oct. 12, 2018--Phil HallMick Mulvaney, the Acting Director of the Consumer Financial Protection Bureau, is continuing to push back against complaints from within his agency regarding an official who was revealed to be the author of anonymous blog postings in 2004 that many considered to be racially insensitive.

New York Times, Oct. 15, 2018--Michael CorkerySears, which more than a century ago pioneered the strategy of selling everything to everyone, filed for bankruptcy protection early on Monday.

American Banker, Oct. 11, 2018--Kate Berry (subscription)The Consumer Financial Protection Bureau's decision to stop examining financial firms for compliance with the Military Lending Act has sparked pushback not only from lawmakers and consumer advocates but also from the Defense Department and every major group representing military service members.

HousingWire, Oct. 11, 2018--Jessica GuerinAn estimate released Thursday by real estate data provider ClosingCorp highlights the lasting effects of the storm, estimating more than 1,600 pending mortgage transactions are in jeopardy thanks to Michael's destruction.

Orange County Register, Oct. 11, 2018--Jeff LazersonIn September 2016, I first reported to you that averaging deposits from 24 months of bank statements would be acceptable to count as income. In August 2017, I first reported that stated income loans are back. Ever since, common cries from many readers have been, "Here we go again" and "Didn't lenders learn the lesson from the mortgage meltdown?"

National Mortgage News, Oct. 10, 2018--Hannah Lang (subscription)Mortgage lenders are anxiously following a ballot initiative fight over rent control in California that they say could be detrimental for the industry as a whole.

HousingWire, Oct. 10, 2018--Ben LaneOnce an absolute giant in the mortgage securitization space, Wells Fargo has been noticeably absent from the list of issuers since the housing crisis, but that's all about to change. The lender is preparing to issue its first mortgage-backed securitization since the meltdown, backed by the highest of high-quality loans.

American Banker, Oct. 10, 2018--Neil Haggerty (subscription)"I'm really disappointed in kind of the reactions of the states to our report," said Craig Phillips, counselor to Treasury Secretary Steven Mnuchin, at a conference in Washington Wednesday. "In no way are we trying to undermine the role of state regulation and definitely there is a collaboration between states and the federal."

Mortgage Daily, Oct. 9, 2018On Tuesday, the Justice Department announced it agreed to a settlement with HSBC that includes a $765 million civil penalty involving subprime residential mortgage-backed securities.

Mortgage Daily, Oct. 9, 2018CoreLogic said mortgage delinquency and foreclosure rates fell again in July to lows last seen before the financial crisis.