The Lede

CNBC, Aug. 1, 2018--Diana OlickTotal mortgage application volume slipped 2.5 percent from the previous week and 12 percent from a year ago, according to the Mortgage Bankers Association's seasonally adjusted report.

HousingWire, Aug. 1, 2018Mordi was the mortgage industry's lead tax policy expert during a once-in-a-generation tax reform after the financial meltdown in 2007. She spearheaded a large effort across the industry to review the large, fast-changing legislation to ensure real estate finance came out ahead. Without her leadership, the industry would be in a decidedly worse place.

National Mortgage News, Aug. 1, 2018--Brad Finkelstein (subscription)Arch MI U.S. returned to having the No. 1 market share among private mortgage insurers as it increased its new insurance written 15% over the previous year.

Reuters, Aug. 1, 2018--Lucia MutikaniU.S. manufacturing activity slowed in July amid signs that a robust economy and import tariffs were putting pressure on the supply chain, which could hurt production in the long term.

Mortgage Daily, Aug. 1, 2018More than two years after revealing a government investigation into how it handled sales of subprime residential mortgage-backed securities, Wells Fargo & Co. has agreed to a more than $2 billion settlement.

Mortgage Daily, Aug. 2, 2018The previously announced acquisition of Nationstar Mortgage Holdings Inc. by the former parent of failed Washington Mutual Bank is now complete.

National Mortgage News, Aug. 1, 2018--Kristin Broughton (subscription)The beleaguered bank's $2.09 billion settlement stemmed from crisis-era mortgage problems, rather than revelations of new issues at Wells that could have sparked a regulatory backlash or probe that might cause headaches for other banks.

American Banker, Aug. 1, 2018--Neil Haggerty (subscription)The Senate Banking Committee is postponing its vote on Kathy Kraninger's nomination to be the director of the Consumer Financial Protection Bureau as the Senate moved to adjourn for a short recess on Wednesday.

NPR, Aug. 1, 2018--Chris ArnoldThe Federal Reserve on Wednesday held off on raising its key interest rate, which plays a role in loans to consumers and businesses.

ConcertMBA at the Mortgage Bankers Association 2018 Annual Convention & Expo this year features award-winning singer and songwriter Kelly Clarkson.

ConcertMBA at the Mortgage Bankers Association 2018 Annual Convention & Expo this year features award-winning singer and songwriter Kelly Clarkson.

ConcertMBA at the Mortgage Bankers Association 2018 Annual Convention & Expo this year features award-winning singer and songwriter Kelly Clarkson.