The Lede

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New Home Mortgage Applications Tumble in April
Scotsman Guide, May 11, 2018--Victor WhitmanMortgage applications for new-home purchases uncharacteristically dipped in April, but remain solidly ahead of the pace of last year, the Mortgage Bankers Association reported.
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CFPB Warns Nationstar that RESPA Penalty May be Coming
National Mortgage News, May 11, 2018--Bonnie Sinnock (subscription)Nationstar Mortgage may face a Consumer Financial Protection Bureau enforcement action over alleged violations of the Real Estate Settlement Act and other regulations, the Mr. Cooper parent company said.
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In the Pipeline: Navigating This Multifamily Sellers’ Market
HousingWire, May 11, 2018--Jeremiah JensenThe multifamily market is in on hold as far new starts go with the exception of an odd permitting blip registered over the course of March, in which permit numbers spiked by 19%. That aside, researchers are predicting a slowdown in new construction starts as the market is full-up on Class-A product, and construction costs don't allow for developers to build Class-B product.
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Homebuilders Poised for Gains but Face Interest-Rate Fears
Reuters, May 11, 2018--April JoynerSome investors are betting on shares of homebuilders to outperform U.S. stocks at large, but with interest rates expected to rise they may have to wait several months before those bets pay off.
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Alternatives to Reverse Mortgages
UExpress, May 11, 2018--Lew SichelmanHome Equity Conversion Mortgages may be a good choice for some seniors who fear they might outlive their retirement funds and will need cash to enjoy their remaining years. But they aren't the only options elder owners might want to consider.
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These 95 Apartments Promised Affordable Rent in San Francisco. Then 6,580 People Applied
New York Times, May 12, 2018--Emily BadgerThe development, Natalie Gubb Commons, was reserved for households with incomes up to 50 percent of the local median. The applications were open for three weeks last fall, and 6,580 households applied for a chance to rent there, or nearly 70 for each unit.
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FHFA Releases Plan to Increase Access to Credit for Limited English Proficiency Borrowers
HousingWire, May 11, 2018--Kelsey RamirezThe Federal Housing Finance Agency released its Language Access Multi-Year Plan, which outline major obstacles for limited English proficiency borrowers and lays out potential solutions.
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100s of OH Layoffs at US Bank
Mortgage Daily, May 11, 2018The Minneapolis-based bank-holding company has disclosed plans to eliminate mortgage-related jobs in Bedford, Ohio.
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100% LTV Program Launches
Mortgage Daily, May 11, 2018The product, dubbed Community Program by Arch Mortgage Guaranty Co., allows loan-to-value ratios as high as 100 percent for professionals--including mortgage bankers.
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Ben Carson vs. the Fair Housing Act
New York Times, May 13, 2018 (Editorial)The Times' editors say HUD Secretary Ben Carson is illegally trying to sweep aside rules that are fully consistent with the Fair Housing Act. It supports a lawsuit filed by community groups and says the court should force HUD to reinstate and fully enforce those rules.
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Why Universities Became Big-Time Real Estate Developers
Slate, May 11, 2018--Henry GrabarA university is now the largest employer in two-thirds of America's 100 largest cities and they have enthusiastically seized more economic and urban development responsibilities.
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