The Lede

National Mortgage News, June 15, 2018--Brad Finkelstein (subscription)Mortgage applications for newly constructed homes declined in May as sales and supply are not keeping up with demand, the Mortgage Bankers Association said.

Forbes, June 15, 2018--John WakeCertainly, when the Fed rate increases, mortgage rates tend to increase and when the Fed rate falls, mortgage rates tend to fall but it's loosey goosey.

National Mortgage News, June 15, 2018--Elina Tarkazikis (subscription)Regulation, on average, imposed by all levels of government accounts for 32% of multifamily development costs, according to the National Association of Home Builders and the National Multi Housing Council.

Washington Post, June 16, 2018--Renae Merle, Damian PalettaThe White House on Saturday said it would nominate Kathy Kraninger, a White House budget official, to serve as the next director of the Consumer Financial Protection Bureau, in a push to continue scaling back the Obama-era agency's aggressive efforts to regulate consumer financial products.

UExpress, June 15, 2018--Lew SichelmanCrystal Lagoons, which has its U.S. headquarters in Miami, has some 60 projects either under contract or in the negotiation stage here in the U.S.

Forbes, June 15, 2018--Michael BoggianoMost observers agree that one group clearly stands to benefit from last year's Tax Cuts and Jobs Act: commercial real estate investors. Here are three near-term benefits the tax bill is likely to have on commercial property owners and three effects they can expect to experience as their investment continues to mature over time.

Wall Street Journal, June 16, 2018--Christina Rexrode (subscription)Though the former head of lender Countrywide Financial Corp. is regarded by many as one of the chief villains of the housing crisis, Mozilo says he and his company had nothing to do with it.

National Mortgage News, June 15, 2018--Paul Centopani (subscription)Maintenance and renovations aren't keeping up with the nation's aging housing stock, creating an influx of obsolete properties that's adding further strain to an already tight inventory of homes for sale.

National Mortgage News, June 15, 2018--Hannah Long (subscription)As with anything in housing finance reform, analyzing a proposed capital framework for Fannie Mae and Freddie Mac starts with these massive caveats: the government-sponsored enterprises are still in conservatorship, and long-term reform is still way out of reach.

HousingWire, June 15, 2018--Ben LaneThe final approval comes nearly a year after the settlement received preliminary approval by the judge overseeing the lawsuit, and more than a year after the settlement was first announced.

Mortgage Daily, June 15, 2018Unpaid principal balance of Ginnie Mae mortgage-backed securities was $1.9597 trillion as of May 31.

Mortgage Daily, June 18, 2018The U.S. Mortgage Market Index from Mortgage Daily for the week ended June 15 increased 13 percent.

Reuters, June 15, 2018--Howard SchneiderU.S. industrial production fell slightly in May amid a sharp drop in manufacturing output, the Federal Reserve said on Friday.