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Many mortgage industry stakeholders are calling for the Bureau to strive for more accuracy and consistency when publishing narratives of consumers' complaints.

The bill "suspends compensation packages approved for 2015 for the chief executive officers of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and any of their affiliates, and reinstates the compensation and benefits previously in effect," the statement said.

Many economists and analysts have viewed the November employment summary as the final piece of the puzzle in order to encourage a Fed liftoff later this month.

The merger is expected to enhance the size of the largest publicly-traded single-family rental company, Agoura Hills, California-based American Homes 4 Rent, which prior to the merger owned approximately 38,000 SFR properties. The combined company is expected to own and manage more than 47,000 rental properties nationwide.

Prior to November, the monthly total of filings had declined over-the-year in every month of 2015 and every November since 2011.

When distressed properties account for a large share of all residential home sales, it tends to pull down the prices of non-distressed homes, since foreclosed and REO properties typically sell at a discount to non-distressed homes. Data released by CoreLogic shows that as of late, however, the still-high distressed sales share is not causing non-distressed prices to fall.

Indications of improvements in the mortgage risk performances space include are many, including tightened underwriting standards compared to the early 2000s and steadily declining negative equity, foreclosure starts, and distressed sales. What are the red flags the industry should be watching?

Domestic-based, end-to-end mortgage services provider LenderLive has announced the hiring of Scott Banks as the new SVP of Finance, Mortgage Services.

OpenClose and Lending & Banking Automation Software announced that they have teamed up to provide an automated loan compensation process, which will no longer require companies to manually track commission and payouts. OpenClose is an enterprise-class, multi-channel, end-to-end loan origination system provider and LBA Ware provides commission automation software.

“Emergency lending is a critical tool that can be used in times of crisis to help mitigate extraordinary pressures in financial markets that would otherwise have severe adverse consequences for households, businesses, and the U.S. economy,” Fed Chairman Janet Yellen said.