According to the CME Group's FedWatch Tool, which measures the market's expectations of Fed target rates on a daily basis, there is a 74.7 percent chance of the Fed raising rates by 0.25 percent this week. On the other hand, the FedWatch data found that there is a 25.3 percent chance of the Fed raising rates by 0.50 percent.

This year's conference will include a keynote address from former FDIC Chairman Sheila Bair, a performance from country music star Wynonna Judd, an appearance from Dallas Cowboys quarterback Tony Romo, seven Five Star Labs (including the inaugural Single-Family Rental Lab) presented by experts in the real estate and mortgage industries from all over the country, and endless networking opportunities.

The mortgage industry has recognized the growing popularity of the single-family rental market. This week at the 2015 Five Star Conference and Expo in Dallas will include the inaugural Single-Family Rental Lab, and Five Star will host the inaugural Single-Family Rental Summit in Las Vegas from October 11 to 13.

REO sales are down by 80 percent from their peak six years ago, but there are still plenty of affordable buying opportunities for homebuyers, according to a commentary by Chris Bowden, Freddie Mac's SVP of HomeSteps, the GSE's real estate sales unit.

Freddie Mac announced its intention on Monday to sell its first actual loss offering of loans with high loan-to-value (LTV) ratios, further expanding the GSE's Structured Agency Credit Risk (STACR) debt notes program.

The Community Development Financial Institutions (CDFI) Fund of the U.S. Department of Treasury announced Friday the awarding of $202 million in grants and loans to 195 CDFIs through the CDFI Program and the Native American CDFI Assistance (NACA) Program, capping the 20th anniversary of CDFI funding.

Daniel Carroll, an economist with the Cleveland Fed, and Eric Young, a professor at the University of Virginia, contend in their commentary titled "Zero Growth and Long Run Inequality" that "to the extent that different rates of trend growth are associated with changes in wealth inequality, lower growth tends to yield less inequality rather than more."

The Sixth Circuit Court on Friday denied two petitions to rehear the case, saying that "the original panel has reviewed the petitions for rehearing and concludes that the issues raised in the petitions were fully considered upon the original submission and decision of the cases."

The problem is not that investors are not willing to take the risk; Fannie Mae and Freddie Mac have transferred risk on $667 billion in unpaid principal balance (UPB) through a combined total of 22 Connecticut Avenue Series (CAS) and Structured Agency Credit Risk (STACR) transactions since 2013.

“While we grieve the loss of Ebby, our legendary founder and my friend and mentor for over 50 years, we celebrate a long life well lived,” Burleson said. “Each of us who had the good fortune of knowing Ebby has been touched by the grace, fortitude and compassion with which she lived her life. Ebby had a very simple saying that she lived by, ‘Do something for someone every day.’ That small bit of wisdom served Ebby very, very well.”