The Lede

CNBC, June 12, 2019Bob Broeksmit, CMB, President and CEO of the Mortgage Bankers Association, appeared on "Squawk Box," noting with so many Millennials entering their prime home-buying years, prospective borrowers and those looking to refinance should call their mortgage banker to take advantage of historically low mortgage rates.

USA Today, June 12, 2019--Yan ZhangAmericans are scrambling to refinance mortgages as borrowing costs tumble. With mortgage rates falling to the lowest level since September 2017, total mortgage applications surged 26.8% last week, led by an increase in refinancing, the Mortgage Bankers Association said Wednesday.

National Mortgage News, June 12, 2019--Paul Centopani (subscription)Commercial and multifamily mortgage debt outstanding grew 1.3% in in the first quarter of 2019, aided by low mortgage rates and the steady incline of property values, according to the Mortgage Bankers Association.

Bloomberg, June 12, 2019--Austin WeinsteinFannie Mae and Freddie Mac's chief regulator, Federal Housing Finance Agency Director Mark Calabria, is calling on Congress to pass housing-finance reform legislation that sets a path to return the companies to private hands.

National Mortgage News, June 12, 2019--Brad Finkelstein (subscription)Two-thirds of millennial and Generation-Z renters expect to purchase a home in the next five years, although their aspirations for homeownership slipped from a year ago, a Pulsenomics survey found.

HousingWire, June 12, 2019--Ben LaneICE announced Wednesday it acquired Simplifile, which acts as an electronic liaison between lenders, settlement agents and county recording offices, for $335 million.

American Banker, June 12, 2019--Neil Haggerty (subscription)The House Financial Services Committee was poised Wednesday to approve a bill reforming the National Flood Insurance Program, with key members of both parties voicing their support.

Wall Street Journal, June 13, 2019--Laura Kusisto (subscription)Flood maps are outdated and information about whether a property has flooded before isn't always disclosed.

HousingWire, June 12, 2019--Jessica GuerinThe combined holding company will be named Truist Financial Corporation and the combined bank will be named Truist Bank, the companies said. The new names will not be official and the companies will remain separate entities until the merger is complete, a milestone the banks said they expect to hit in the third or fourth quarter.

The Mortgage Bankers Association's Annual Convention & Expo takes place Oct. 27-30 at the Austin Convention Center in Austin, Texas.

The U.S. Treasury issued Qualified Opportunity Zone program regulations on April 17. Join MBA Education and members of Ballard Spahr's Qualified Opportunity Zone team for an overview of the QOZ program and dive into how this new set of regulations will impact investments in real estate and operating businesses located in QOZs.

The Mortgage Bankers Association's Annual Convention & Expo takes place Oct. 27-30 at the Austin Convention Center in Austin, Texas.

The Mortgage Bankers Association's Annual Convention & Expo takes place Oct. 27-30 at the Austin Convention Center in Austin, Texas.