The Lede

National Mortgage News, June 7, 2018--Brad Finkelstein (subscription)Robert Broeksmit, a career mortgage industry executive, will succeed David Stevens as the president and CEO of the Mortgage Bankers Association.

National Mortgage Professional, June 7, 2018--Phil HallBroeksmit is no stranger to MBA, previously serving on its Board of Directors and as Chairman of the Residential Board of Governors. He is also a former Chairman of the American Bankers Association's Mortgage Markets Committee, and holds a Certified Mortgage Banker (CMB) designation.

Wall Street Journal, June 7, 2018--Ryan Tracy (subscription)An Office of the Comptroller of the Currency review has concluded there weren't "systemic issues" at other banks that were similar to the Wells Fargo & Co. phony-account scandal, though it found some instances of banks opening accounts without proof of customers' consent.

National Mortgage News, June 7, 2018--Kate Berry (subscription)Acting Consumer Financial Protection Bureau Director Mick Mulvaney on Thursday dismissed the bureau's case against PHH Corp., ending a contentious legal battle that resulted in no fines against the company and no change to the independent agency's structure.

The Hill, June 7, 2018--John BowdenA plan being pushed by HUD Secretary Ben Carson would raise rents on Americans receiving federal assistance by 20 percent on average in metropolitan areas around the country, according to a new study.

Mortgage Daily, June 7, 2018--Sam GarciaDuring May, prospective borrowers on loans used to finance a home purchase were offered an average 30-year fixed rate of 5.02 percent, rising 10 basis points, said LendingTree.

HousingWire, June 7, 2018--Kelsey RamirezIndependent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $118 per loan originated in the first quarter, according to the MBA's Quarterly Mortgage Bankers Performance report. This is down from a gain of $237 per loan in the fourth quarter.

Wall Street Journal, June 8, 2018--Ryan Tracy (subscription)The banking industry has a new partner in Washington: a top federal regulator, Joseph Otting, and he's reversing a number of his predecessor's biggest initiatives.

American Banker, June 7, 2018--Rob Blackwell (subscription)Mick Mulvaney is fond of saying he wants to make the Consumer Financial Protection Bureau into a "gold-standard" regulator, arguing that its tone and substance should be more like the Securities and Exchange Commission. Which makes it extra tough to explain the sophomoric way the CFPB handled the decision to dismiss the members of three advisory councils earlier this week.

Mortgage Daily, June 7, 2018Mortgage servicing rights are being offered for sale on 3,249 single-family loans that had an aggregate unpaid principal balance of $0.775 billion as of April 30.