The Lede

Boston Globe, Apr. 9, 2017--Hattie BernsteinMillennials are waiting longer, compromising more, and choosing the suburbs over the city when they purchase a first home. But the group of young adults born between the early 1980s and the mid-1990s aren't all taking the same path to the American dream.

Mortgage Daily, Apr. 7, 2017Genworth Mortgage Insurance announced a reduction in the cost of its mortgage insurance premiums in a variety of lending circumstances.

Mortgage Daily, Apr. 7, 2017A healthy increase in new purchase-money financing drove up new weekly home-lending activity. Government and jumbo mortgage business soared.

Mortgage Daily, Apr. 10, 2017During all of last year, staffing in the mortgage industry expanded--though rising interest rates are likely to reverse recent gains. California experienced the biggest quarterly gain.

HousingWire, Apr. 7, 2017--Brena SwansonMGIC designed the calculator to help mathematically show that waiting to save for a 20% down payment will likely cost prospective homebuyers.

National Mortgage News, Apr. 7, 2017--Ian McKendry (subscription)A Senate Republican effort to use an obscure legislative process to restructure the Consumer Financial Protection Bureau could derail any bipartisan agreement on targeted changes to the Dodd-Frank Act.

Wall Street Journal, Apr. 7, 2017--Josh Zumbrun (subscription)President Donald Trump said he would nominate Kevin Hassett, an expert in tax policy and one of the most prominent economists at the conservative American Enterprise Institute, to serve as the chairman of the Council of Economic Advisers.

Washington Post, Apr. 9, 2017--Kenneth R. HarneyThough no major reform plan would eliminate the mortgage-interest deduction, House Republicans' early blueprint would side-step it by almost doubling the standard deduction from $12,600 to $24,000 for joint filers ($12,000 for single filers).

New York Times, Apr. 7, 2017--Gretchen MorgensonYou may not know much about Craig S. Phillips, special counselor to Steven Mnuchin, the United States Treasury secretary. Getting to know Mr. Phillips and his background is a worthwhile exercise, especially because he's determining the Trump administration's path forward on Fannie Mae and Freddie Mac, the mortgage finance giants that remain in conservatorship.

HousingWire, Apr. 7, 2017--Brena SwansonMortgage credit availability increased in March led by a jump in jumbo loans, according to the latest Mortgage Credit Availability Index, a report from the Mortgage Bankers Association.

Reuters, Apr. 7, 2017--Patrick RuckerThe Office of the Comptroller of the Currency, the lead regulator for national banks, stripped the examiner, Bradley Linskens, of his supervisory powers within the past two weeks, said three sources.

National Mortgage News, Apr. 7, 2017--Brad Finkelstein (subscription)Home price increases combined with rising rates drove consumer confidence in the housing market off of its record high.

HousingWire, Apr. 7, 2017--Ben LaneTwo of the nation's largest PACE lenders, Renovate America and Renew Financial, issued statements in response to the introduction of the PACE Act and the rhetoric surrounding it, stating that the bill is actually a Trojan horse designed to destroy the PACE industry.

National Mortgage News, Apr. 7, 2017--Brian Collins (subscription)Nonbank mortgage companies cut 1,400 jobs in February, bringing total employment in the sector to 331,700, the Bureau of Labor of Statistics reported Friday.

National Mortgage Professional, Apr. 7, 2017--Phil HallRenters will need to raise their incomes by an average of $168 a year to keep up with expected rent increases over the next 12 months, according to a new forecast from Zillow, which added that median rent prices are predicted to be $1,420 at this time next year.

Wall Street Journal, Apr. 7, 2017--Christina Rexrode (subscription)Two influential proxy-advisory firms, Institutional Shareholder Services Inc. and Glass Lewis, have recommended shareholders vote in favor of a proposal that would split the roles of chairman and CEO at the bank.

UExpress, Apr. 7, 2017--Lew SichelmanCrystal Lagoons bills itself as a technology company that offers developers a system for building and maintaining bodies of water of unlimited size, in clear condition, at a low cost. And it can help turn landlocked, otherwise non-viable properties into successful projects, says the company's U.S. president, Uri Man.

World Property Journal, Apr. 7, 2017--Michael GerrityAccording to the Mortgage Bankers Association's 2016 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation, U.S. commercial and multifamily mortgage bankers closed $490.6 billion of loans in 2016.

The Mortgage Bankers Association's annual National Advocacy Conference takes place June 20-21 at the Grand Hyatt Washington in Washington, D.C.

The MISMO Spring Summit takes place June 5-9 in Minneapolis.

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