The Lede

CNBC, Aug. 28, 2019Robert Broeksmit, CMB, Mortgage Bankers Association President and CEO, joins "Squawk on the Street" to discuss the wave of mortgage refinancing as rates fall.

Mortgage Orb, Aug. 28, 2019--Patrick BarnardMortgage application volume fell 6.2% on an adjusted basis during the week ended August 23, with most of the decrease coming from an 8% drop in applications for refinances, according to the Mortgage Bankers Association's Weekly Applications Survey.

CNBC, Aug. 28, 2019--Diana Olick"Savings have increased significantly since before the Great Recession, so the household balance sheet is just in a better position," said Bob Broeksmit, president and CEO of the Mortgage Bankers Association. "Perhaps the need to tap that equity is a little bit lower and there is a little bit more discipline among consumers."

The Hill, Aug. 28, 2019--Jordain CarneyGOP Sen. Johnny Isakson (Ga.) announced Wednesday that he will step down from the Senate at the end of the year, citing health issues.

National Mortgage Professional, Aug. 28, 2019--Phil HallHT Mobile Apps, an Ann Arbor, Mich.-based fintech, acquired Hip Pocket, an online platform designed to use social influence and personalized consultation for generating new and qualified mortgage and retirement leads. Terms of the deal were not disclosed.

Wall Street Journal, Aug. 29, 2019--Lalita Clozel (subscription)Asset-depletion loans, also known as asset-dissipation loans, are part of a small but growing subset of the mortgage market that includes subprime loans and other riskier products. They assume borrowers draw from assets to cover a mortgage, rather than just income.

MBA Education presents Foundational Elements of Mortgage Servicing Rights Workshop, at the Marriott Marquis San Diego Marina on Tuesday, Nov. 19 in conjunction with the MBA Accounting and Financial Management Conference.