The Lede

Mortgage Professional America, June 12, 2019--Steve RandallThe Mortgage Bankers Association reported a urther rise in its Mortgage Credit Availability Index in May as the jumbo sector posted another increase.

CNBC, June 11, 2019--Diana OlickThe majority of consumers now think it is much harder to qualify for a home loan than it actually is, according to a recent Fannie Mae survey of more than 3,000 people. Respondents thought they needed much higher credit scores and bigger down payments than necessary. They also didn't know much about the minimum debt levels lenders require.

Wall Street Journal, June 11, 2019--Rachel Louise Ensign, David Benoit (subscription)The bank's board has approached a small group of top candidates, including JPMorgan Chase & Co. consumer banking chief Gordon Smith, PNC Financial Services Group Inc. CEO William Demchak and former U.S. Bancorp chief Richard Davis. Demchak and Davis took a pass on potentially replacing Timothy Sloan, who resigned in late March.

National Mortgage News, June 11, 2019--Brad Finkelstein (subscription)Prepayment speeds for loans included in agency mortgage-backed securities were up approximately 20% both monthly and annually during May as the decline in interest rates boosted activity, a report from Keefe, Bruyette & Woods said.

American Banker, June 11, 2019--Hannah Lang (subscription)The Consumer Financial Protection Bureau will hold its first symposium June 25 in a series designed to provide dialogue on consumer protections, featuring two panel discussions on the definition of "abusive" under the Dodd-Frank Act.

National Mortgage Professional, June 11, 2019The Mortgage Bankers Association scholarships recognize existing industry professionals from MBA member companies who are seeking to advance their careers through MBA Education programs and courses.

Wall Street Journal, June 12, 2019--Ryan Dezember (subscription)The investment house known for corporate takeovers has agreed to pump another $250 million into Toorak Capital Partners LLC, which buys short-term loans made to real-estate investors who purchase, renovate and resell residential properties.