The Lede

Financial Regulation News, June 8, 2017The Mortgage Bankers Association nominated Brian Stoffers, global president, debt and structured finance at CBRE, to be its vice chairman for the 2018 membership year.

Washington Post, June 8, 2017--Kathy OrtonAccording to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average sank to 3.89 percent with an average 0.5 point. (MBA mention)

CNBC, June 8, 2017--Carla FriedComing up with the cash to make a 20 percent down payment on a home is becoming increasingly impractical.

Wall Street Journal, June 8, 2017--Rachel Witkowski (subscription)House lawmakers aim to pass legislation by July addressing how the nation handles flood insurance, a senior Republican said, setting up a regional battle in the Senate over how the federal government covers property damage after natural disasters.

National Mortgage Professional, June 8, 2017--Phil HallThe Mortgage Bankers Association reported its monthly Mortgage Credit Availability Index dropped by 1.1 percent to 181.0 in May.

National Mortgage News, June 8, 2017--Brian Collins (subscription)The financial condition of the Federal Housing Administration's mortgage insurance fund has "stabilized," according to HUD Secretary Ben Carson. But that does not mean he's ready to cut FHA premiums again.

HousingWire, June 8, 2017--Ben LaneMatt Zames, who served as the chief operating officer of JPMorgan Chase and was once seen by many as a potential successor to CEO Jamie Dimon, is stepping from his position, the bank disclosed Thursday in a filing with the Securities and Exchange Commission.

The Hill, June 8, 2017--Sylvan LaneSponsored by House Financial Services Committee Chairman Jeb Hensarling, R-Texas, the CHOICE Act is the most ambitious Republican effort to roll back the Dodd-Frank Act, passed in 2010.

American Banker, June 8, 2017--Kate Berry (subscription)As the House moved Thursday to pass a sweeping regulatory reform bill, senators on both sides of the aisle paid lip service to offering relief to community banks and credit unions without offering many specifics over what might be included in their version.

Mortgage Daily, June 8, 2017HUD is selling reverse mortgages where the original borrowers in the transactions have died. HUD is marketing mortgage pools that consist of approximately 885 reverse mortgages.

Mortgage Daily, June 8, 2017After swallowing up a recent acquisition, Home Point Financial Corp. has announced its new management lineup, including some of the acquired firm's leaders.

HousingWire, June 8, 2017--Ben LaneThe acquisition comes on the heels of Howard Hanna's 2016 acquisition of RealtyUSA, the largest real estate broker in New York. That deal made Howard Hanna, already the largest real estate broker in Pennsylvania and Ohio, into what the companies called the "third-largest real estate company in the United States."

Wall Street Journal, June 8, 2017--Josh Zumbrun (subscription)The total net worth of U.S. households climbed by $2.3 trillion in the first quarter of 2017, reaching a record $94.8 trillion as the stock market soared and home prices climbed in many parts of the country.

New in today's issue of MBA Insights: Is Commercial Lending Heading for a Fall?