The Lede

CNBC, July 18, 2019--Sarah O'Brien"The idea behind the legislation is that counseling should improve loan performance and make people better borrowers," said Pete Mills, senior vice president of residential policy for the Mortgage Bankers Association, which generally supports the bill.

NPR, July 18, 2019--Darius RafieyanCalifornia's governor wants cities in his state to build more housing, but some of them don't appear to be moving fast enough. The state has taken Huntington Beach to court.

Washington Post, July 18, 2019--Michele Lerner Mortgage rates rose this week spurred largely by rising optimism about the Federal Reserve's possible move at the end of the month to cut short-term interest rates. (MBA mention)

MReport, July 18, 2019--Mike AlbaneseThe growing use of technology in the mortgage space is what most lenders call their biggest competitor, according to analysis from Fannie Mae.

National Mortgage News, July 18, 2019--Hannah Lang (subscription)Federal Housing Finance Agency Director Mark Calabria now expects the report that will lay out the administration's goals for releasing Fannie Mae and Freddie Mac from conservatorship to be published in August or September, he said.

HousingWire, July 18, 2019--Jessica GuerinWhile the push for greater financial literacy is a worthy cause, it's unlikely to boost FHA's share of the mortgage market, Capital Economics said in a recent report, calling the premium cuts "too small to halt the downward trend in the FHA market share."

Bloomberg, July 18, 2019--Christopher Condon, Rich MillerTwo senior Federal Reserve officials stressed the need to act quickly if the U.S. economy looked likely to stumble, reinforcing bets the central bank could cut interest rates by as much as half a percentage point later this month.

American Banker, July 18, 2019--Kevin Wack (subscription)Profits at Capital One Financial were hampered during the second quarter by loan growth that failed to keep pace with rising expenses.