The Lede

CoreLogic, Irvine, Calif., said U.S. foreclosure and mortgage delinquency rates fell to 12-year lows in July.

Fannie Mae, Washington, D.C., appointed Hugh R. Frater as Interim CEO, effective October 16, subject to final Federal Housing Finance Agency approval. He will succeed Timothy J. Mayopoulos, who announced his intention to depart in July and will leave the company on October 15.

Fannie Mae, Washington, D.C., appointed Hugh R. Frater as Interim CEO, effective October 16, subject to final Federal Housing Finance Agency approval. He will succeed Timothy J. Mayopoulos, who announced his intention to depart in July and will leave the company on October 15.

Fannie Mae, Washington, D.C., appointed Hugh R. Frater as Interim CEO, effective October 16, subject to final Federal Housing Finance Agency approval. He will succeed Timothy J. Mayopoulos, who announced his intention to depart in July and will leave the company on October 15.

Black Knight, Jacksonville, Fla., said nearly 500,000 mortgaged properties sit in the 34 counties in North and South Carolina declared as disaster areas resulting from Hurricane Florence.

Homes that were foreclosed on during the housing crisis are now rising in value by more than 10 percent annually, more than 3.5 percentage points faster than the typical U.S. home, said Zillow, Seattle.

The Federal Housing Finance Agency requested public input as part of the Agency's consideration of proposed modifications to Fannie Mae and Freddie Mac's 2018-2020 Underserved Markets Plans under the Duty to Serve program.

The commercial mortgage-backed securities delinquency rate dropped "markedly" once again in September, reported Trepp, New York.

National Mortgage News, Oct. 8, 2018--Paul Centopani (subscription)Delinquencies will be on the rise and Veterans Affairs loans have greater density within FEMA-declared disaster zones from Hurricane Florence, according to Black Knight.

National Real Estate Investor, Oct. 5, 2018--Shahin Yazdi Bridge loans may be the right financing strategy for value-add investors with a clear plan to increase property income.

American Banker, Oct. 5, 2018--Neil Haggerty (subscription)At a Senate Banking Committee hearing last week, Fed Vice Chairman of Supervision Randal Quarles, Federal Deposit Insurance Corp. Chairman Jelena McWilliams, Comptroller of the Currency Joseph Otting and National Credit Union Administration Chairman J. Mark McWatters discussed their progress in updating capital requirements, modernizing how they enforce the Community Reinvestment Act and continuing to deal with the continuing enforcement issues at Wells Fargo.

HousingWire, Oct. 8, 2018--Ben LaneNewly sworn-in Supreme Court Justice Brett Kavanaugh believes the Consumer Financial Protection Bureau, as it is currently structured, is unconstitutional. And he's written as much.

Mortgage Daily, Oct. 4, 2018Ocwen Financial Corp.'s acquisition of PHH Corp., which has operated as an independent organization for more than a dozen years, has been completed.

Bloomberg, Oct. 4, 2018--Adam TempkinWells Fargo & Co. is planning its first post-crisis offering of bonds tied to U.S. home loans without government backing. The $441 million non-agency bond will include top portions, which will be rated AAA, sources said.

National Mortgage News, Oct. 4, 2018--Bonnie Sinnock (subscription)Intercontinental Exchange, the owner of the New York Stock Exchange, has purchased the remaining equity in Merscorp Holdings it did not already own.

Washington Post, Oct. 4, 2018--Michele Lerner The crisis is still in the forefront of the minds of everyone in the lending industry and influences their decisions, says Michael Fratantoni, chief economist of the Mortgage Bankers Association in Washington. "Many of the products that started the crisis aren't around and the practices that started it are severely constrained," he said.

National Mortgage News, Oct. 3, 2018--Paul Centopani (subscription)Seventy-one percent of financial services firms said customer expectations influence the methods they use to detect fraud, according to Transunion. However, many cyber securitizations lack real-time adjustments or result in poor user experience.

Wall Street Journal, Oct. 3, 2018--Esther Fung (subscription)Rising shopping-mall vacancies across the U.S. are driving down rents, signaling that many retail centers continue to struggle despite the country's strong economic growth and buoyant consumer confidence.

Mortgage Daily, Oct. 3, 2018A sharp drop in monthly consumer bankruptcy filings was complimented by a year-over-year improvement, the American Bankruptcy Institute reported.

Mortgage Daily, Oct. 4, 2018Quarterly performance on bank-owned home-equity loans substantially deteriorated, an American Bankers Association report said.

HousingWire, Oct. 3, 2018--Jessica GuerinU.S. District Judge John C. Coughenour tossed out the suit, stating that the investor plaintiffs, in their attempt to prove that Zillow knowingly violated the Real Estate Settlement Procedures Act, actually proved otherwise.

American Banker, Oct. 2, 2018--Andy Peters (subscription)The cost of fighting cybercrime at banks rose 9% over a recent 12-month period, according to a new LexisNexis Risk Solutions survey of 175 executives from bank and nonbank financial services firms.

Mortgage Daily, Oct. 2, 2018During September, just 2,880 home-equity conversion mortgages were endorsed by FHA, the second-slowest month on record since at least December 2008.

HousingWire, Oct. 2, 2018--Jessica GuerinTuesday marks exactly one year since HUD implemented HECM program changes in a move that took lenders by surprise and drastically impacted the reverse mortgage business.

National Mortgage News, Oct. 2, 2018--Hannah Lang (subscription)Rep. Maxine Waters, D-Calif., unveiled a bill Tuesday to unwind Consumer Financial Protection Bureau policies instituted by acting Director Mick Mulvaney.

National Mortgage News, Oct. 2, 2018--Paul Centopani (subscription)If Proposition 10 passes vote this November, the ramifications will be felt on California's affordable housing, according to the Mortgage Bankers Association.