A speech by President Trump at an NAR convention touched on housing-finance reform, regulatory relief and a variety of other topics.

The Community Mortgage Lenders of America released a clarification about a meeting with officials from the Department of Housing and Urban Development and Ginnie Mae. Scott Olson, executive director of the Community Home Lenders Association, stressed that the trade group didn’t make the statements that were attributed to CHLA in the initial release by CMLA or in the subsequent reporting by IMFnews.

Craig Phillips plans to stay at the Treasury Department until the agency's housing finance reform plan is drafted. President Trump noted that "many geniuses" will contribute to the plan.

Mortgage applications surge in the days before the Fed meets to set interest rates, according to a study that looked at confidential data from HMDA. Applications fall by an even larger amount after the meetings.

MBS issuers are addressing the potential end of LIBOR but could still face a number of risks, according to Moody's Investors Service.

Western Asset Management and Verus Mortgage are both preparing large expanded-credit MBS, while other firms plan to enter the market.

The firm this week postponed a $1 billion IPO for a new REIT that will purchase MBS and related assets. Down the road, the REIT likely will dip its toe in the non-QM pond as well.