The Lede

National Mortgage Professional, May 3, 2018--Phil HallThe past several weeks has been a busy period of the National Association of Minority Mortgage Bankers of America, a trade group dedicated to the inclusion of minorities and women in the mortgage industry. NAMMBA and the Mortgage Bankers Association announced they were pursuing a strategic partnership to advance their shared goals.

Washington Post, May 3, 2018--Dion HayesAccording to the Freddie Mac report, mortgage rates were mixed: The 30-year fixed-rate average dropped to 4.55 percent with an average 0.5 point. It was 4.58 percent a week ago and 4.02 percent a year ago. The 30-year fixed rate of 4.58 percent reported last week hadn't been that high since August 2013. (MBA mention)

CNN Money, May 3, 2018--Tami LubyJoshua Hager always knew he'd return to the mortgage industry. One of the many casualties of the housing crisis, he had been forced out a decade ago. Then 29 and living in New Jersey, he was laid off from his job as a mortgage underwriter at Aurora Loan Services, a subsidiary of the now-shuttered Lehman Brothers that provided loans requiring little or no documentation.

Reuters, May 3, 2018--Brendan Pierson, Nate RaymondU.S. prosecutors on Thursday suffered dual setbacks in a crackdown targeting deceptive mortgage bond trading practices as a federal appeals court overturned an ex-Jefferies Group trader's conviction and a jury acquitted a former Cantor Fitzgerald employee.

HousingWire, May 3, 2018--Kelsey RamirezFannie Mae reported an increase in its net income in the first quarter of 2018, rising from the loss last quarter that was driven by a remeasurement in the company's deferred tax assets, according to the company's earnings release.

Urban Institute, May 3, 2018--Karan Kaul, Edward GoldingIn 2016, the Federal Housing Administration insured 9,507 mortgages it should not have insured. The Urban Institute analysis shows this could cost the FHA $41 million in losses.

HousingWire, May 3, 2018--David StevensMBA President and CEO takes Center for Investigative Reporting to task for sloppy reporting on HMDA data and outlines steps for policymakers to address fair lending issues.

Mortgage Compliance Magazine, May 2018--Tory BarringerDavid Upbin of MBA Education discusses the new Certified Mortgage Compliance Professional designation.

Forbes, May 3, 2018--Aly J. YaleIt's no secret that mortgage rates have been rising. And though rates on adjustable-rate mortgages have increased, too, they're still a far cry from those of longer-term, fixed mortgages. (MBA mention)

Mortgage Daily, May 3, 2018Declining origination income was more than offset by soaring servicing income at Nationstar Mortgage Holdings Inc., which bucked a downward quarter-over-quarter origination trend.

Mortgage Daily, May 3, 2018The offering is for MSRs on 17,925 GSE loans that had a collective unpaid principal balance of $5.101 billion as of March 31. All of the mortgages are fixed rate and in first-lien position.

The Hill, May 3, 2018--Sylvan LaneA spokesman for PHH Corp. on Thursday told The Hill that the mortgage firm did not appeal a January ruling in its suit against the CFPB to the Supreme Court by the May deadline to do so.