The Lede

Forbes, June 8, 2018--Trefis TeamThe trend of a sequential decline in the total mortgage servicing portfolio for the five largest U.S. banks continued in the first quarter. U..S. Bancorp has bucked this trend over the years, though.

HousingWire, June 8, 2018--Kelsey RamirezTrepp, a provider of data, analytics and technology to the global securities and investment management industries, is predicting most, if not all, of the nation's 38 largest banks will past this year's test, despite the harsher test.

Bloomberg, June 8, 2018--Patrick Clark (subscription)Property investors have poured no small amount of money and concrete into U.S. rental apartments recently, concentrating on upscale projects in urban cores. The result is a glut of units affordable to affluent renters and far less supply for everyone else.

American Banker, June 8, 2018--Kate Berry (subscription)Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, said Friday that the agency fired more than 60 members of three advisory boards because the boards were simply too big. Mulvaney also said he wants some future advisory board meetings to be held in private because he fears information will be leaked to the media.

UExpress, June 8, 2018--Lew SichelmanOne new app can help home buyers determine how flight patterns affect home searches; another purchases homes of seniors but allows them to remain in the house for as long as they live.

The Hill, June 9, 2018--Max GreenwoodHUD Secretary Ben Carson backed away on Friday from a plan to triple the minimum rent that the poorest Americans pay for federally subsidized housing.

National Mortgage News, June 8, 2018--Brad Finkelstein, Austin Kilgore (free story)"I will come in with a fresh set of eyes and ears and listen to the concerns of our members and respond accordingly," Robert Broeksmit said. Still, "I am coming into the MBA when it is as strong as it's ever been, and not coming in anticipating that there are substantive immediate changes that need to be made."

HousingWire, June 8, 2018--Kelsey RamirezThe National Flood Insurance Program is set to expire in July, and Ranking Member of the House Committee on Financial Services Maxine Waters, D-Calif., is renewing the call to pass a long-term solution for the problem.

Wall Street Journal, June 10, 2018--Corinne Ramey, Laura Kusisto (subscription)New York City has agreed to spend more than $2 billion over a decade to settle federal prosecutors' investigation into health and safety issues at the country's largest public-housing authority.

Bloomberg, June 11, 2018--David M Levitt (subscription)As companies realize they need less office space than they leased, they're dumping more than 600,000 square feet of subleases downtown, competing with their own landlords and threatening to undercut rents.

Mortgage Daily, June 11, 2018--Sam GarciaFreddie Mac said John Krenitsky has been hired as senior vice president and chief compliance officer. He was recruited from Discover Financial Services.

Mortgage Daily, June 8, 2018PHH Corp. is celebrating the Consumer Financial Protection Bureau's dismissal of a closely watched case involving alleged violations of the Real Estate Settlement Procedures Act.

MBA Education presents its School of Mortgage Banking Courses I & II in Arlington, Va., July 24-27.