The Lede

CNBC, May 8, 2019--Diana OlickAfter pulling back for several weeks, homebuyers stepped back into the mortgage market last week. Total mortgage application volume increased 2.7% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

Mortgage Compliance, May 2019--James BrodyIn March, Fannie Mae issued a policy stating it will continue to purchase and securitize mortgages for non-U.S. citizen borrowers who are lawful permanent residents under the Deferred Action for Childhood Arrivals program; Pete Mills of the Mortgage Bankers Association says FHA should follow the same policy.

Bloomberg, May 8, 2019--Christopher MaloneyMortgage investors' concern about prepayment speeds may increase as a renewed U.S. rate rally helps push the U.S. MBS index duration down to its lowest level since March.

National Mortgage News, May 8, 2019--Bonnie Sinnock (subscription)Investors can now exchange certain existing Freddie Mac bonds for to-be-announced uniform mortgage-backed securities in preparation for the full launch of UMBS next month.

Bloomberg, May 8, 2019--Austin WeinsteinThe comments by Federal Housing Finance Agency Director Mark Calabria are a clear sign that regulators and President Donald Trump's administration aren't counting on a legislative solution after more than a decade of failures to address the biggest piece of unfinished business from the 2008 financial crisis.

HousingWire, May 8, 2019--Alcynna LloydWith a population of nearly 84 million, it's safe to say Millennials are destined to make waves in the housing market. However, a recent analysis from First American suggests the industry isn't harnessing their full potential.

American Banker, May 8, 2019--Kate Berry (subscription)Wells Fargo has created an operations unit designed to focus exclusively on meeting demands of regulators who have expressed dissatisfaction with the bank's progress after a series of scandals.

HousingWire, May 8, 2019--Ben LaneBank 34, which operates nine loan production offices in the western part of the U.S., announced this week it is shuttering its mortgage business.