The Lede

Washington Post, June 2, 2016--Haynes, Dion Mortgage rates moved up again this week, according to data released Thursday, reacting to recent speculation in the market that a Federal Reserve-imposed interest rate increase could be imminent.

Los Angeles Times, June 2, 2016--Dillon, Liam A new plan from Calif. Gov. Jerry Brown would force local governments to approve any urban housing development provided the project matches the underlying zoning and a certain percentage of homes are set aside for the poor, adding some certainty to processes that developers describe as overly complicated.

National Mortgage News, June 2, 2016--Passy, Jacob Mortgage credit availability tightened for the third consecutive month in May, according to the Mortgage Bankers Association.

Commercial Property Executive, June 2, 2016--Thangavelu, Poonkulali The Mortgage Bankers Association projects mortgage lending from all sources will increase 3 percent to a record $511 billion this year. "What we are seeing so far in 2016 from commercial banks is a continuation of what we saw in 2015," said MBA Vice President of Commercial and Multifamily Research Jamie Woodwell.

HousingWire, June 2, 2016--Lane, Ben The ghosts of Countrywide past just struck again, as the Federal Deposit Insurance Corporation announced Thursday that eight major financial institutions will pay $190 million total to settle a series of lawsuits tied to toxic Countrywide mortgage bonds that subsequently led to the failure of five banks during the housing crisis.

Wall Street Journal, June 2, 2016--Tracy, Ryan Federal Reserve officials strongly signaled they will toughen big-bank capital requirements even more than they have since the 2008 crisis, a move that will add to the pressure on the largest U.S. banks to consider shrinking.

Wall Street Journal, June 2, 2016--Sparshott, Jeffrey The median size of a new single-family house was 2,467 square feet last year, the biggest on record, according to Census Bureau data out this week.

National Mortgage News, June 2, 2016--Collins, Brian HUD created a new Housing Counseling Federal Advisory Committee that will explore ways to make counseling more accessible for new homebuyers and troubled homeowners.

Reuters, June 2, 2016--Mutikani, Lucia U.S. private employers increased hiring in May and new applications for jobless benefits fell last week, further boosting the economic outlook for the second quarter.

National Mortgage News, June 2, 2016--Finkelstein, Brad Flagstar Bancorp is interested in buying a small-to-midsized independent nonbank mortgage banker as part of a strategy to boost its retail origination volume.

Wall Street Journal, June 2, 2016--Brown, Sherrod The Democratic senator and ranking member of the Senate banking committee says efforts must continue to make sure banks work for communities.