JPMorgan Chase CEO Jamie Dimon stated in a letter to shareholders that the issue of “too big to fail” is solved. However, Minneapolis Federal reserve President Neel Kashkari disagrees. In an interview with Adam Shapiro on Fox Business that Too Big to Fail has not been solved, and is in fact worse.

This week, the U.S. Treasury will release its Federal Budget Statement. Each month, the Bureau of Fiscal Service releases a report of the monthly receipts/outlays and deficits/surplus of the United States. This comes on the heels of President Trump’s budget cut announcement in March.

The defendants, including Larry Castle and Caren Castle, in State of Colorado v. The Castle Law Group, LLC, et al.,recently gained a major victory in the five-year case when Denver District Judge Morris Hoffman ruled in favor of the defendants, blocking the attorney general’s original request of damages of up to $26 million.

The D.C. Circuit court allows for 30 minutes per side for oral argument. In its request for argument time, the DOJ stated that because “our position in this case does not fully align with either party,” it is requesting that “instead of sharing time with either party, we receive a total of ten minutes for the United States.”

Analyzing data from Ellie Mae’s AllRegs Market Clarity tool, the Mortgage Bankers Association determined that its Mortgage Credit Availability Index increased 3.2 percent in March. However, conforming loans access decreased by 2.6 percent, as mid-priced homes have jumped in price.

This week, top figures from the mortgage servicing industry and the government met in Washington, D.C., at the National Mortgage Servicers Association member meeting and the Five Star Government Forum. As part of their mission to advance growth in the industry, The NMSA met with Consumer Financial Protection Bureau Director Richard Cordray.

Recently, DocMagic, Inc., reported a 42 percent increase in volume for 2016. The company credits its growth to the mortgage industry’s demand for products that enable TRID compliance, eSignatures and eClosings. This is the second consecutive year that DocMagic’s volume has increased by roughly 40 percent.

The PNC Financial Services Group, Inc., announced on Wednesday that Augustine (Gus) Faucher will assume responsibility as Chief Economist effective immediately. Faucher succeeds Stuart G. Hoffman, who had served PNC as Chief Economist for 37 years.

On Wednesday, Freddie Mac priced a $1.32 billion Structured Agency Credit Risk (STACR), its largest STACR to date. Freddie Mac transfers a large portion of its mortgage credit risk on some groups of loans to private investors through STACR.

Across the country, reports have come in showing decreases in foreclosure activity. In the New York City area, Property Shark reports foreclosures have dropped 15 percent year-over-year in Q1 2017. Most areas of the city note drops in foreclosure activity, except for Brooklyn. Brooklyn was the only borough of New York City to report an increase in foreclosures, increasing 24 percent over 2016.