The Lede

Washington Post, Apr. 26, 2018--Kathy OrtonAccording to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average jumped to 4.58 percent with an average 0.5 point. It was 4.47 percent a week ago and 4.03 percent a year ago. The 30-year fixed rate hasn't been this high since August 2013.

National Mortgage News, Apr. 26, 2018--Bonnie Sinnock (subscription)Among the companies that generated a year-to-year quarterly net-income gain despite the slump in mortgage origination volume was First American Financial Corp. which earned more than $76 million in net income, up from more than $58 million.

HousingWire, Apr. 26, 2018--Kelsey RamirezThe homeownership rate increased just slightly to 64.2% in the first quarter, up from 63.6% in the first quarter of 2017 and unchanged from the fourth quarter, the Census Bureau reported.

Bloomberg, Apr. 26, 2018--Elizabeth DexheimerIt's your move, Senate Democrats. That's the word from House Financial Service Committee Chairman Jeb Hensarling on a standoff over a sweeping rollback of bank regulations put in place after the 2008 credit crisis.

Politico, Apr. 27, 2018--Lorraine WoellertJob vacancies are fast becoming a singular threat to President Donald Trump's administration. Even Democrats are frustrated. David Stevens, head of the Mortgage Bankers Association and a former Obama official, has been working to get Senate approval for Brian Montgomery, Trump's pick to lead FHA. In a rare show of unity, affordable housing advocates and Wall Street trade groups have aligned behind Montgomery, who cleared the Senate Banking Committee on an 18-5 vote in November.

National Real Estate Investor, Apr. 26, 2018--Donna MitchellFrom a real estate perspective, executives are unsure of how much value hedge fund ESL Investments, or anyone else, can ultimately extract from Sears' assets.

Mortgage Daily, Apr. 27, 2018Freddie Mac revealed a new 3 percent down payment option for qualified first-time homebuyers. Dubbed HomeOne, the new program doesn't have any geographic or income restrictions.

Mortgage Daily, Apr. 27, 2018A final rule issued by the Consumer Financial Protection Bureau addresses disclosing changes to closing costs under integrated disclosures required under the Truth in Lending Act and Real Estate Settlement Procedures Act.

Wall Street Journal, Apr. 26, 2018--Laura Kusisto (subscription)Rising wages, loosening credit standards and demographic shifts are all creating momentum for owning rather than renting.

HousingWire, Apr. 26, 2018--Ben LaneJust over a year ago, Altisource Portfolio Solutions disclosed that the Consumer Financial Protection Bureau was investigating the company's relationship with Ocwen Financial, but now, it looks that investigation is over.

MBA Education presents a new webinar, A Checklist for Effective Compliance Management Systems, on Tuesday, May 15 from 2:00-3:30 p.m. ET.

The MISMO Summits offer you an opportunity to learn more about MISMO and to engage in face-to-face standard setting activities.