The Lede

World Property Journal, Apr. 17, 2017--Michael GerrityAccording to the Mortgage Bankers Association's Annual Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of chartered banks in the U.S. made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015.

Mortgage Compliance Magazine, Apr. 17, 2017No matter how or why lenders have required flood insurance on a property, if the flood insurance lapses during the term of the covered loan, it's a problem.

Mortgage Orb, Apr. 17, 2017--Josh FriendToday's consumers are technologically savvy and demand a digital mortgage experience. Increasingly, they expect faster response times, engaging connection and a streamlined process from their mortgage companies. Although these demands are forcing new technological innovations, many mortgage companies are still far behind in meeting these needs.

American Banker, Apr. 17, 2017--Andy Peters (subscription)M&T Bank, Buffalo, N.Y., reported double-digit growth in first-quarter profit thanks to a change in its tax treatment of compensation and improved profit margins.

HousingWire, Apr. 17, 2017--Brena SwansonWhile low housing inventory and slow wage growth are par for the course in California, the state pushed past those roadblocks to record a strong start to the year.

Bloomberg, Apr. 17, 2017--Robert Schmidt; Jennifer JacobsPresident Donald Trump plans to nominate Randal Quarles, a senior Treasury official in the Bush administration, to be the Federal Reserve's top banking regulator.

Richmond (Va.) Times-Dispatch, Apr. 17, 2017--Andrew Little Debt funds--non-bank lenders formed with contributed equity from institutional investors--are seeking to fill the void left as bank lenders have dialed back their leverage levels.

Mortgage Daily, Apr. 17, 2017Fannie Mae revised up its estimates of 2016 refinances and 2017 purchase originations.

Mortgage Daily, Apr. 17, 2017An indication of upcoming originations, the U.S. Mortgage Market Index from Mortgage Daily and OpenClose, slipped 6 percent in the week ended April 14.

Buffalo News, Apr. 17, 2017--Johnathan D. EpsteinThe Canadian parent of mortgage appraisal management firm Solidifi, whose U.S. headquarters is on Seneca Street, Buffalo, New York, is going public on the Toronto Stock Exchange so it can access more capital to support its growth plans.

HousingWire, Apr. 17, 2017--Ben LaneBorrowers who had a mortgage serviced by Wells Fargo between May 6, 2005 and July 1, 2010 will soon receive their share of a $50 million settlement stemming from allegations that Wells Fargo overcharged borrowers for Broker Price Opinions during that period.

National Mortgage News, Apr. 17, 2017--Kate Berry (subscription)The Consumer Financial Protection Bureau filed a lawsuit Monday against Weltman, Weinberg & Reis for allegedly engaging in illegal debt collection practices after the firm said it refused to agree to a settlement.

MBA Education presents a webinar, Bank-Owned Mortgage Division: What Bankers Need to Know, today, Apr. 18 from 2:00-3:30 p.m. ET.