The Lede

Mortgage Professional America, Apr. 6, 2018--Steve RandallOutstanding balances on first mortgages is getting close to the industry record high of $9.04 trillion reached in 2008, said Equifax.

Wall Street Journal, Apr. 6, 2018--David Harrison (subscription)Federal Reserve Chairman Jerome Powell said Friday the central bank's slow and steady path of raising interest rates will keep the labor market strong, allow inflation to rise and guard against unexpected shocks.

National Mortgage News, Apr. 6, 2018--Kate Berry (subscription)Issuance of financial regulations has dropped to a 50-year low, new data shows, a sign that the Trump administration is fulfilling its deregulatory agenda.

New York Times, Apr. 7, 2018--Emily Badger, Quoctrong BuiNearly one million American households received eviction judgments in 2016 in new data spanning dozens of states.

UExpress, Apr. 6, 2018--Lew SichelmanThe Urban Institute calls the down payment one of the three biggest barriers to homeownership--the others being credit and affordability. But the bipartisan think tank also says a lot of would-be homebuyers have misconceptions about how much money they need upfront.

MarketWatch, Apr. 7, 2018--Andrea RiquierThe monthly survey of real estate agents from Credit Suisse showed that an index of buyer traffic around the country rose 2 points to 50, on a scale where 50 indicates a neutral reading. Agents' commentary "remains centered on pent-up demand, especially in more affordable price points, given the persistent inventory shortage."

HousingWire, Apr. 6, 2018--Ben LaneEave was founded by three tech-and-finance veterans: former Capital One executive Saro Vasudevan, Jack McCambridge, a former executive at Hailo, and Anoop Ranganath, a former manager at Foursquare.

Reuters, Apr. 6, 2018--Lucia MutikaniThe U.S. economy created the fewest jobs in six months in March as a boost from milder temperatures faded, but a pickup in wage gains pointed to a tightening labor market, which should allow the Federal Reserve to further raise interest rates this year.

Mortgage Daily, April 6, 2018 Not only did the number of non-bank mortgage jobs expand on a monthly basis, but a weak overall jobs report has bond yields--and potential home loan rates--lower today.

Mortgage Daily, April 6, 2018 The share of prospective borrowers seeking loans insured by the Federal Housing Administration was wider than during any week since Mortgage Daily began tracking it, while rate-term refinance share was a record low. Jumbo interest rates deteriorated compared to their conforming counterparts.

Tech 18, the Mortgage Bankers Association's National Technology Solutions Conference & Expo, takes place Apr. 15-18 at the Detroit Marriott At the Renaissance Center.

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Your MBA membership entitles you to discounts on services such as office supplies, car rental, shipping, employee benefit services and more though our affinity program: MBA Member Advantage.

Your MBA membership entitles you to discounts on services such as office supplies, car rental, shipping, employee benefit services and more though our affinity program: MBA Member Advantage.