The Lede

Washington Post, Apr. 25, 2019--Kathy OrtonAccording to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 4.20 percent with an average 0.5 point. It was 4.17 percent a week ago and 4.58 percent a year ago. (MBA mention)

New York Times, Apr. 25, 2019--Stacy CowleyMorgan Stanley agreed to pay $150 million to settle claims by the State of California that it misled investors about the risks of mortgage-backed securities sold to two state pension funds for teachers and public employees.

CNBC, Apr. 25, 2019--Sarah O'BrienThe American Institute of CPA's quarterly Personal Financial Satisfaction Index, released Thursday, is up 11% from the previous reading and 27% higher than a year ago. (MBA mention)

HousingWire, Apr. 25, 2019--Jessica GuerinHUD announced Wednesday that it was delaying the implementation of new rules regarding down payment assistance for loans backed by the Federal Housing Administration in response to a lawsuit filed by a Utah-based Native American group.

USA Today, Apr. 25, 2019--Paul DavidsonThere are signs a growing number of Americans who lost homes to foreclosure or a short sale during the housing crisis are buying again or planning to do so in the near future. Home price increases have moderated since last year and mortgage rates have fallen as wage growth has accelerated, creating a positive backdrop for boomerang and other buyers, said MBA Chief Economist Mike Fratantoni.

Orange County Register, Apr. 25, 2019--Jeff LazersonThe City of Laguna Woods has more than 6,000 senior co-op units that are largely restricted to one institutional lender. What are the ramifications of not being able to shop around? No pricing competition for sure. And, maybe a credit denial when another lender might have approved you. (MBA mention)

MBA Education and Compliance Essentials present a webinar, Loan Originator Compensation--Guidance and Q&A, on Tuesday, Apr. 30 from 2:00-3:30 p.m. ET.

MBA Education presents its School of Mortgage Banking Course III June 11-14 at MBA headquarters in Washington, D.C.