The Lede

Wall Street Journal, Apr. 23, 2018--Richard Rubin (subscription)Meet the new mortgage-interest deduction. It's smaller and much more concentrated among high-income households. In 2018, the deduction will save taxpayers $25 billion, down from $60 billion in 2017, according to estimates released on Monday by the Joint Committee on Taxation.

HousingWire, Apr. 23, 2018--Caroline BasileFreddie Mac announced on Monday that housing and economics expert Sam Khater is joining the company as vice president and chief economist.

Los Angeles Times, Apr. 23, 2018--Stephen BattaglioFox News host Sean Hannity said he had no direct discussions with HUD regarding loans for his real estate holdings revealed in a Sunday report by the Guardian.

Mortgage Daily, Apr. 23, 2018Quarterly home lending tumbled at HomeStreet Inc. Mortgage losses piled up, hurting company-wide profits. Dozens of mortgage jobs were eliminated during the most-recent quarter.

American Banker, Apr. 23, 2018--Kate Berry (subscription)Acting Director Mick Mulvaney has said hundreds of Consumer Financial Protection Bureau-related data breaches justified his announcement in December that the agency would halt collecting personally identifiable information from companies it supervises. But industry experts say such a data freeze is unusual in the government; more unusual, they say, is that the CFPB apparently resumed data collection after only a few weeks, without investigating or remedying the cybersecurity problems that it identified.

Scotsman Guide, Apr. 23, 2018--Victor WhitmanThe bill would require the Consumer Financial Protection Bureau director to issue legally binding guidance. The Mortgage Bankers Association and other industry groups have long complained that the bureau has left companies to interpret civil judgments and consent orders when companies are punished for wrongdoing, and that the bureau only has published informal advice in select cases.

CNBC, Apr. 24, 2018MBA Chief Economist Mike Fratantoni discusses rising interest rates, demographic trends, and various pressures on the housing marktet.

National Mortgage News, Apr. 23, 2018--Brad Finkelstein (subscription)In 2016 the FHA denial rate among all minority groups was 14.4%. At the same time, the difference in denial rates between whites and minorities for conventional mortgages also grew over the same period.

Forbes, Apr 23, 2018--Ellen ParisConsensus is if you are in the market for a home and can make it happen, now is the time jump in.