(RECAP: Fannie Mae said on Monday it has launched a program to streamline its underwriting on mortgages for some borrowers that uses electronic data instead of physical proof of their income, assets and employment. The U.S. government mortgage agency said the “Day 1 Certainty” program would also offer relief from representation and warranty for the appraised value of a home and a waiver of its property inspection requirement for many mortgage refinancings. These program features will be available on Dec. 10, Fannie Mae said.)

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(RECAP: There will be 54 more townhomes heading for the increasingly developing Sunrise Valley area soon. The Fairfax County Board of Supervisors on Tuesday gave final approval for Rooney Properties’ application to tear down a 1980s office building and replace the building with residential development. The development will have quarter acre-pocket park located north of a private street that will run east to west through the center of the property. The park will include benches, a butterfly garden, public art, lighting and a bike rack.)

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(RECAP: Fed Chair Janet Yellen’s interest in running a “high-pressure economy” threatens to add to an increasingly divisive climate at the U.S. central bank. In remarks last week that jarred the market, Yellen ruminated about the benefits of letting inflation run a small hotter than normal while allowing the unemployment rate to drop below the point that historically would trigger Fed tightening action. To many observers, the comments were a clearly dovish signal that she favors a lower-for-longer approach when it comes to interest rates. But that kind of attitude could exacerbate tensions among Federal Open Market Committee members, in particular those who have been clamoring for rate hikes.)

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