The Lede

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Weekly Mortgage Applications Fall 2.7% Even Before Rates Spike
CNBC, May 16, 2018--Diana OlickMortgage application volume fell 2.7 percent last week, according to the Mortgage Bankers Association's seasonally adjusted report. Volume was 4.5 percent lower than a year ago.
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Mortgage Delinquencies Show Improvement But Still Face Pressure
National Mortgage News, May 16, 2016--Bonnie Sinnock (subscription)Overall, seasonally adjusted delinquencies in the first quarter declined by 54 basis points from the previous quarter but were just 8 basis points lower than the same period in 2017, according to the Mortgage Bankers Association's latest National Delinquency Survey.
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Even A ‘Good’ Credit Score Equals $15K More In Mortgage Costs
Forbes, May 16, 2018--Ali J. YaleBuyers with a 760 or higher, for example, pay around $207,000 in interest over the course of their mortgage. Those with a 719-largely still considered a "good" score by most lenders-would cost more than $222,000 in interest, a difference of $15,000, said LendingTree.
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MSRs Offered on Nearly $2 Billion in Ginnie Loans
Mortgage Daily, May 16, 2018The offering includes mortgage servicing rights on 7,895 Ginnie Mae mortgages that had a collective outstanding principal balance of $1.817 billion as of April 30.
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Refi Share Deflates as Rates Inflate
Mortgage Daily, May 16, 2018As mortgage rates pushed higher, monthly refinance share continued to deflate. Compared to a year ago, conventional share grew at the expense of government share, Ellie Mae said.
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MBA Releases Disaster Recovery Guide
National Mortgage Professional, May 16, 2018The Mortgage Bankers Association released a new consumer-facing information brochure, "Disaster Recovery: A Resource for Homeowners," available for use by all MBA members, counseling groups, government agencies and any other group that offers assistance and advice to homeowners in the aftermath of a natural disaster.
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Union Home Mortgage Acquires Arizona’s Alliance Home Loans
HousingWire, May 16, 2018--Ben LaneOhio-based Union Home Mortgage, a lender with more than 130 branches in 36 states, is set to grow its business after it acquired Alliance Home Loans, a lender based in Phoenix.
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Goldman Sachs Mortgage Relief Settlement Actions Near $1B
DS News, May 16, 2018--David WhartonGoldman Sachs is approaching the billion-dollar mark for mandated consumer-relief actions stemming from two mortgage-related settlement agreements with the Department of Justice and three states.
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From Overdraft to HMDA, Rulemaking Has New Look at Mulvaney’s CFPB
National Mortgage News, May 16, 2018--Kate Berry (subscription)Acting Consumer Financial Protection Bureau Director Mick Mulvaney has overhauled the agency's spring agenda, dropping several long-time goals of his predecessor, including a rule on overdraft programs, checking accounts and student loan servicing.
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Industrial Production Rises Strongly; Homebuilding Tumbles
Reuters, May 16, 2018--Lucia MutikaniU.S. industrial production increased solidly in April amid an acceleration in manufacturing and mining output, the latest indication that the economy was gathering momentum early in the second quarter.
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