The Lede

Millennials aren't only a rapidly-growing consumer base, they're also the encroaching workforce. To recruit this group and sustain future growth, companies have to build a brand and culture that we want to join. Bill Cosgrove, Mortgage Bankers Association chairman and CEO of Union Home Mortgage, says it well: "A diverse workforce does not show up at your door. You must have the strategies to get it, and it needs to be a long-term strategy."

The majority of Lenders One mortgage banker members (60%) expect 2016 will be a sellers' market and the vast majority (89%) of members believe the market could weather a possible interest rate increase this fall.

The Securities and Exchange Commission and the U.S. Attorney's office in Connecticut on Tuesday brought charges against three former traders at New York-based brokerage firm Nomura Securities International who allegedly lied about the prices of residential mortgage-backed securities to make money.

By allowing Bank of America to pad its statistics by including mortgages scheduled for a bankruptcy discharge, DOJ was following on the well trod path of laissez faire oversight that caused the Wall Street collapse in the first place.

A shortage of glass is taking a toll on the nation's commercial building boom, adding millions of dollars to the cost of new skyscrapers and halting some projects midway through construction.

Walter Investment Management has reached a settlement with federal authorities over reverse-mortgage practices at a business unit.

Ocwen Financial Corp. on Friday won the dismissal of two securities class actions that arose from alleged compliance issues related to servicer agreeing to a $150 million settlement in 2014 with the New York's Department of Financial Services last December.

U.S. District Judge Victor Marrero dismissed a five-year class action lawsuit against Goldman Sachs over the sale of highly leveraged, subprime mortgage bonds that hedge fund Dodona I LLC said Goldman planned to bet against.

Blackstone Group LP will buy real estate investment trust Strategic Hotels & Resorts (BEE.N) in a deal valued at $6 billion, attracted by the company's iconic hotel properties in key locations of the United States.

Latest housing market data confirms that the market is showing continued signs of improvement, with significant gains in home equity and a dramatic evaporation of the foreclosure inventory.

The Mortgage Bankers Association launched a new private exchange to offer healthcare and other employee benefits for its member companies.