The Lede

CNBC, Oct. 10, 2018--Diana OlickOther than watching reports of rising interest rates, mortgage lenders and brokers probably weren't very busy last week. Mortgage application volume fell 1.7 percent for the week, according to the Mortgage Bankers Association's seasonally adjusted report.

Barron's, Oct. 10, 2018--Avi SalzmanThe 5% level isn't just a psychological barrier. A one-percentage-point rise in rates can cost a buyer hundreds of dollars a month, a shock for those who have gotten used to rates of 4% or less for years. And it may already be having an impact. (MBA mention)

National Mortgage News, Oct. 10, 2018--Hannah Lang (subscription)Mortgage lenders are anxiously following a ballot initiative fight over rent control in California that they say could be detrimental for the industry as a whole.

National Mortgage News, Oct. 10, 2018--Elina Tarkaziks (subscription)About 38% of first-time homebuyers plan to purchase in the next two years, while 36% hope to buy a house within the next three to five, according to Bank of America's Homebuyer Insights Report. Still, a knowledge gap exists among renters.

HousingWire, Oct. 10, 2018--Jeremiah JensenAccording to Yardi's monthly rent report, the national average rent dropped by $1 in September. This is the first time in eight months that rent has not risen. Year-over-year rent growth remains unchanged at 3%.

HousingWire, Oct. 10, 2018--Ben LaneOnce an absolute giant in the mortgage securitization space, Wells Fargo has been noticeably absent from the list of issuers since the housing crisis, but that's all about to change. The lender is preparing to issue its first mortgage-backed securitization since the meltdown, backed by the highest of high-quality loans.

Mortgage Daily, Oct. 10, 2018Scott Bristol, former president of PrimeLending, has been hired by Flagstar Bank to work in its retail production division. His career spans several major home lenders.

National Mortgage News, Oct. 10, 2018--Craig Martin (subscription)In short, almost everyone starts shopping online, and a vast majority are going to Zillow. So in many respects, they are at the top of the sales funnel for home lending transactions.

American Banker, Oct. 10, 2018--Neil Haggerty (subscription)"I'm really disappointed in kind of the reactions of the states to our report," said Craig Phillips, counselor to Treasury Secretary Steven Mnuchin, at a conference in Washington Wednesday. "In no way are we trying to undermine the role of state regulation and definitely there is a collaboration between states and the federal."

CNBC, Oct. 11, 2018--Silvia AmaroProminent officials have praised the U.S. Federal Reserve, its chairman and its independence, amid new attacks from President Donald Trump.

MBA recognizes its Select Associate Members and thanks them for their continued support of MBA and the real estate finance industry.