The Lede

National Mortgage News, June 14, 2018--Glenn McCullom (subscription)"It is no surprise that the Fed continues to raise short-term rates," said the Mortgage Bankers Association's Chief Economist Mike Fratantoni in a statement. "The economy is growing quickly because of tax cuts and more government spending, the unemployment rate is at an 18-year low and inflation has picked up."

Scotsman Guide, June 14, 2018---Victor WhitmanMortgage applications for new homes fell in May, another sign that for-sale inventories aren't keeping pace with buyer demand, the Mortgage Bankers Association reported.

National Mortgage Professional, June 14, 2018--Phil HallThe delinquency rates for commercial and multifamily mortgage loans were virtually unchanged from the fourth quarter of last year to the first quarter of this year, the according to the latest Commercial/Multifamily Delinquency Report issued by the Mortgage Bankers Association.

CNBC, June 14, 2018--Diana OlickThe average home sold in May went under contract in just 34 days, breaking the previous month's record of 36 days. Of the homes that sold in May, 27.6 percent went above their list price--another record.

National Mortgage News, June 14, 2018--Brad Finkelstein (subscription)The high number of home sales both above and below the list price in May, combined with rising mortgage rates and prices, was a sign buyers are near affordability limits, Redfin said.

Wall Street Journal, June 14, 2018--Ryan Tracy (subscription)Comptroller of the Currency Joseph Otting told the Senate Banking Committee said his review of low-income lending rules won't undermine curbs on bias in banking, as he tried to walk back an earlier statement that he hasn't "personally observed" discrimination.

Washington Post, June 14, 2018--Kathy Orton (MBA mention)After retreating the past two weeks, mortgage rates resumed their ascent. Freddie Mac said the 30-year fixed-rate average jumped to 4.62 percent with an average 0.4 point.

Mortgage Daily, June 14, 2018After eliminating dozens of mortgage jobs in response to diminishing loan originations, HomeStreet Inc. is again cutting its home-lending staff--this time by more than 100. Several branches are also being closed.

Mortgage Daily, June 14, 2018Primary home lenders refinanced 104,863 Fannie Mae and Freddie Mac loans during April, according to a report from the two firms' regulator and conservator, the Federal Housing Finance Agency, the slowest month on record for GSE refinances.

Wall Street Journal, June 15, 2018--Laura Saunders (subscription)For years, Americans could borrow against their homes to pay for a new car, college tuition, or even a trip to the Caribbean, and then deduct the interest on those loans. No more.

National Mortgage News, June 14, 2018--Kate Berry (subscription)Acting Consumer Financial Protection Bureau Director Mick Mulvaney hasn't said yet whether he will keep public consumer complaints about banks, credit unions and other financial firms, but a former Ohio attorney general is gearing up just in case.

HousingWire, June 14, 2018--Kelsey RamirezHigher risk borrowers are growing more bold about applying for a mortgage, however it may not do them much good.

The Mortgage Bankers Association is conducting a Readership Survey for MBA NewsLink and MBA Insights.