The Lede

New York Times, May 30, 2017--Editorial BoardIn an editorial, the Times calls the Administration's proposed cuts to HUD public housing programs "destructive" and calls on Congress to search for solutions to affordable housing.

Mansion Global, May 30, 2017--Fang BlockAs the traditional selling season commenced in April, U.S. homebuyers took more tours and made more offers for their dream properties compared to the previous month, resulting in a 9.2% increase in the Redfin Housing Demand Index released Tuesday.

Reuters, May 30, 2017--Lucia MutikaniU.S. consumer spending recorded its biggest increase in four months in April and monthly inflation rebounded, pointing to firming domestic demand that could allow the Federal Reserve to raise interest rates next month.

CNBC, May 30, 2017--Berkeley Lovelace Jr.Federal Reserve Governor Lael Brainard said Tuesday that an interest rate hike is "likely appropriate soon," but slowing inflation could change that.

Mortgage Daily, May 30, 2017In the midst of its own regulatory war, Ocwen Financial Corp. is accusing Fidelity Information Services LLC of fraudulent over billing for work required under a settlement with California.

Mortgage Daily, May 30, 2017This summer, Fannie Mae is updating its automated underwriting system with more relaxed requirements for ratios, credit and adjustable rates.

Mortgage Daily, May 30, 2017On Friday, the Illinois banking regulator closed down Fayette County Bank. The Federal Deposit Insurance Corp. was appointed conservator.

Los Angeles Times, May 30, 2017--James Rufus KorenMortgage discrimination lawsuits filed by Los Angeles against Bank of America and Wells Fargo & Co. have hit a roadblock, with a federal appeals court saying the cases spurred by last decade's housing bust lack merit.

Bloomberg, May 30, 2017--Matt ScullyDeutsche Bank AG chief John Cryan urged regulators in Europe to reject the same kind of heavy-handed rules for banks' mortgage holdings that have been adopted by their American counterparts.

Forbes, May 30, 2017--Trefis TeamThe total mortgage servicing portfolio at the the five largest U.S. banks continues to shrink at a rapid pace, as these banks now service under $3.4 trillion in outstanding U.S. mortgages - down from a figure of almost $3.7 trillion at the end of Q1 2017.

HousingWire, May 30, 2017--Kelsey RamirezOver the next five years, about 6 million Americans will have their bankruptcies disappear, possibly sending a flood of more homebuyers into the housing market.