The Lede

Washington Post, July 11, 2019--Kathy OrtonMeanwhile, mortgage applications dwindled during the holiday week. According to the latest data from the Mortgage Bankers Association, the market composite index decreased 2.4 percent from a week earlier.

MarketWatch, July 11, 2019--Andrea RiquierThe proposed replacement, which is called the Secured Overnight Financing Rate, has been under consideration by the Federal Reserve working group since it convened 2014. The Alternative Reference Rates Committee includes professionals from mortgage guarantors Fannie Mae and Freddie Mac, as well as regulators.

National Mortgage Professional, July 11, 2019--Phil HallThe cost of housing is the greatest factor impacting the economic mobility of Americans, according to the new report "Homeward Bound: The Road to Affordable Housing," published by the National League of Cities

Bloomberg, July 11, 2019--Craig Torres, Reade PickertFederal Reserve Chairman Jerome Powell told the Senate Banking Committee the central bank has room to ease monetary policy as the tie between the inflation and jobless rates has broken down.

Wall Street Journal, July 12, 2019--Yuka Hayashi (subscription)Critics say the Consumer Financial Protection Bureuau's push shifts the burden of consumer protection from financial companies to ordinary citizens.

HousingWire, July 11, 2019--Jessica GuerinOn the same day Compass was slapped with a bombshell lawsuit from rival Realogy accusing it of unfair business practices and illegal scheming, the real estate heavyweight settled a pair of lawsuits with another competitor, Zillow Group.

Bloomberg, July 12, 2019--Saleha Mohsin, Jennifer Jacobs, Austin WeinsteinThe Trump administration is growing wary of taking bold steps toward freeing Fannie Mae and Freddie Mac from federal control before the 2020 election, said people familiar with the matter, in part because of the political risk of potentially upending the U.S. mortgage market.

Pasadena Star-News, July 11, 2010--Jeff LazersonAssuming a borrower gets the average 30-year fixed rate on a conforming $484,350 loan, last year's payment was a whopping $220 higher than this week's payment of $2,243. (MBA mention)

The Mortgage Bankers Association is accepting applications and nominations for its annual Diversity and Inclusion Leadership Awards. Application deadline is Friday, July 19.

The Mortgage Bankers Association is accepting applications and nominations for its annual Diversity and Inclusion Leadership Awards. Application deadline is Friday, July 19.

The Mortgage Bankers Association is accepting applications and nominations for its annual Diversity and Inclusion Leadership Awards. Application deadline is Friday, July 19.