The Lede

WTOP (Washington, D.C.), Apr. 8, 2019--Jeff ClabaughLenders have wanted to move away from Libor for many years because of its thin representation of surveyed banks responding to determine the state of interest rates. "The Federal Reserve System has led a conversation in the U.S. with financial market participants," said Mike Fratantoni, chief economist at the Mortgage Bankers Association.

National Mortgage News, Apr. 8, 2019--Brad Finkelstein (subscription)The commercial mortgage-backed securities delinquency rate increased for the first time since October, led by a 31-basis-point rise in late payments for loans secured by retail properties, Fitch Ratings said.

HousingWire, Apr. 8, 2019--Ben LaneNearly four years after the legal battle between Quicken Loans and the Department of Justice began, the case may finally be decided in court later this year. But not before the parties give settling the matter at least one more try.

Washington Post, Apr. 8, 2019--Renae MerleThe Federal Reserve Board on Monday proposed easing key post-crisis regulations for the country's biggest banks, despite concerns from one member that the proposal goes too far.

National Mortgage Professional, Apr. 8, 2019--Brooke MulderThe author, with MortgageHippo, discusses diversity and inclusion strategies. (MBA mention; NAMMBA mention; mPower mention)

HousingWire, Apr. 8, 2019--KK HowleyFreddie Mac is expecting a gain of 1.5% for total mortgage lending, according to its March mortgage finance forecast. The Mortgage Bankers Association pegs the increase at 1%, and Fannie Mae expects a drop of about half a percentage point.

Reuters, Apr. 9, 2019--Imani Moise, Pete SchroederTim Sloan's departure was at least partly the result of the board's conclusion that Sloan had failed to convince regulators that he could transform the bank and rally a staff that had low confidence in its leadership, according to a source with knowledge of the board's thinking.

American Banker, Apr. 8, 2019--Kevin Wack (subscription)The multi-billion dollar settlement did not actually require Deutsche to offer any loan modifications; they were merely one option on a menu of choices available to the bank. And after initially pledging to provide modifications, Deutsche Bank recently backed out of that plan, saying that it would instead fulfill its settlement obligations by financing new mortgages, some of which have gone to wealthy borrowers.

Mortgage Media, Apr. 8, 2019San Francisco-based start-up Opendoor has caught some significant momentum in the real estate market, with a target to be in 50 markets by next year. Vice President Dod Fraser thinks that's quite likely.