The Lede

Washington Post, June 6, 2019--Kathy OrtonIn November, mortgage rates appeared ready to soar across the 5 percent threshold. Seven months later, concerns over trade and global growth have driven them below 4 percent. (MBA mention)

National Mortgage Professional, June 6, 2019--Phil HallIndependent mortgage banks and mortgage subsidiaries of chartered banks saw an uptick in their profits during the first quarter, according to new data from the Mortgage Bankers Association.

National Mortgage News, June 6, 2019--Brad Finkelstein (subscription)The Mortgage Bankers Association created a template for originators to notify new borrowers when their adjustable-rate mortgage switches to a different index once publication of the London interbank offered rate discontinues.

Mortgage News Daily, June 6, 2019--Jann SwansonFannie Mae said despite making use of online information more than they did three years ago, many still overestimate the credit score they need and are unfamiliar with low downpayment programs.

Wall Street Journal, June 6, 2019--Nick Timiraos (subscription)One month ago, Fed Chairman Jerome Powell played down speculation of a rate cut this summer. Now officials face a darker economic outlook, making a rate cut possible-if not at their meeting on June 18-19, then possibly in July or later.

HousingWire, June 6, 2019--Ben LaneHomebridge announced this week it acquired HomeStreet's mortgage loan production branches and fulfillment functions in Washington, Oregon and Idaho, including processing, underwriting and funding, and hired the related personnel.

Orange County Register, June 6, 2019--Jeff LazersonAssuming a borrower gets the average 30-year fixed rate on a conforming $484,350 loan, last year's payment was a staggering $204 higher than this week's payment of $2,226. (MBA mention)

Bloomberg, June 6, 2019--Jeff KearnsU.S. household wealth rebounded to a record in the first quarter as the stock market recovered from a plunge in the prior period, supporting consumers after Federal Reserve interest-rate hikes and trade-war shocks rattled investors late last year.

HousingWire, June 6, 2019--Kathleen HowleyThe value of all U.S. owner-occupied homes increased to a record $26.1 trillion in the first quarter, according to a Federal Reserve report released Thursday known as the Flow of Funds.

The Mortgage Bankers Association's inaugural Virtual Vendor Marketplace takes place Wednesday, June 12 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.