The Lede

CNBC, May 2, 2016--Olick, Diana It is the No. 1 barrier to entry for young, would-be homebuyers: credit. Millennials are the first generation to come of age in a post-almost-apocalyptic housing market, where lenders, eight years later, are still paying billions in reparations for mortgage misconduct and outright fraud. Millennial homebuyers are also paying a price.

OurBroker.com, May 2, 2016--Miller, Peter G. Housification--the effort to continually raise homeownership levels--seems to have a natural limit within the US. The homeownership rate stood at 63.5 percent for the first quarter of 2016, the very same level we had 50 years ago.

Bloomberg, May 2, 2016--Van Voris, Bob A federal judge approved Goldman Sachs Group Inc.'s $272 million settlement with investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities.

National Mortgage News, May 2, 2016--Collins, Brian Servicing rights are high-yielding assets, making them attractive investments for hedge funds, real estate investment trusts and banks.

HousingWire, May 2, 2016--Swanson, BrenaAccording to the 2016-Q1 Texas Quarterly Housing Report released by the Texas Association of Realtors, housing inventory fell to a record low 2.8 months, a decline of 0.6 months from first quarter 2015.

Reuters, May 2, 2016--Mutikani, Lucia U.S. factory activity expanded at a more moderate pace in April due in part to a slowdown in new orders, but a rise in export orders to a near 1-1/2-year high and signs an inventory overhang drag was fading offered hope for the manufacturing sector.

Associated Press, May 2, 2016--Crutsinger, Martin U.S. construction spending advanced in March to its highest level in more than eight years. Gains in home building and nonresidential construction offset a drop in government projects.

Bloomberg, May 2, 2016--Keller, Laura J. Bank of America Corp. said it reached a $190 million agreement to resolve a six-year-old legal claim from Federal Home Loan Bank of Seattle over mortgage-backed securities sold before the financial crisis.

Wall Street Journal, May 3, 2016--Tracy, Ryan; Burne, Katy Asset managers such as Pacific Investment Management Co. look set to lose hard-fought protections against the cost of a bank failure, when the Federal Reserve on Tuesday proposes yet another rule aimed at preventing taxpayer bailouts for financial firms.

Wall Street Journal, May 3, 2016--Yung, Chester New York supermarket chain Fairway Group Holdings Corp. said late Monday it had filed for chapter 11 bankruptcy protection, months after warning of the possibility of breaching its loan agreement.

Wall Street Journal, May 2, 2016--Cui, Carolyn; Huang, Daniel Bank of China is preparing to move its U.S. headquarters this fall to a new 450-foot-tall glass tower overlooking Bryant Park, leaving the low-slung brick building on New York City's East Side that has been its home for 35 years.

National Mortgage News, May 2, 2016--Stewart, Jackie Amalgamated Bank in New York has started offering down payment insurance to homebuyers in a move it hopes will set it apart with highly mobile millennial borrowers.

HousingWire, May 2, 2016--Ramirez, Kelsey Beginning June 27, mortgages will be required to use a new web-based Electronic Appraisal Delivery portal, according to a release by the U.S. Department of Housing and Urban Development.

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