The Lede

Scotsman Guide, June 10, 2016--Whitman, Victor Several major groups representing the banking industry have come out against a proposed change that would require lenders to ask borrowers their language preference when applying for the nation's most popular home loans. The Mortgage Bankers Association is among the groups.

Mortgage News Daily, June 10, 2016--Chrisman, Rob Are storm clouds gathering in the market for mortgage servicing rights? Some industry insiders are suggesting that it could be the perfect storm of the unintended consequences of regulation and a supply & demand mismatch.

New York Times, June 10, 2016--Lieber, Ron If you don't have a reverse mortgage and don't know anyone who does, your familiarity with the product probably comes from television commercials. So it may surprise you to learn that some community bankers are quietly offering the loans, too, bringing a kind of Main Street respectability to a product that has long lacked it.

Wall Street Journal, June 10, 2016--Ip, Greg To say the Fed missed its chance is to argue that rates today should already be higher. But if they were, then the slowdown (if indeed there is one) now underway would have come sooner.

Business Insider, June 10, 2016--Oyedele, Akin The University of Michigan's preliminary consumer sentiment index was higher than forecast in June, but fell from last month's level.

Wall Street Journal, June 12, 2016--Rudegeair, Peter An upheaval in the online lending business in recent months has triggered job losses and company closures. But for one early entrepreneur in the industry, such woes came years ago, and helped guide his next endeavor.

Wall Street Journal, June 11, 2016--Kirkham, Chris The more than yearlong slump in prices for raw materials used in construction hasn't been of much benefit for U.S. builders.

HousingWire, June 10, 2016--Ramirez, Kelsey A recent TransUnion survey found that about 33% of Millennials, aged 18 to 34, want to buy a home within the next year, however 43% of them have a subprime credit score, which could cause problems.

UExpress, June 10, 2016--Sichelman, Lew Sometimes, lenders are smart not to do business with clients whose credit scores are below 650. But, many of those with scores below that magic number are acceptable credit risks, as long as they are properly underwritten.

DailyMail.com (U.K.), June 12, 2016 With an ever-expanding population but ever dwindling ground-space, it was only a matter of time before micro-homes hit Manhattan's property market. Carmel Place, located on Kips Bay's East 27th Street, is the city's first micro-unit development, with 55 studios ranging from 260 to 360 square feet.

Wall Street Journal, June 12, 2016--Torry, Harriett Signs point toward the Federal Reserve's "new normal" interest rate being much lower than in the past, which has broad implications for when the Fed should tighten monetary policy, how quickly and how far.

USA Today, June 11, 2016--Tumulty, Brian An estimated 25.3 million U.S. residents--including 5.6 million New Yorkers--have limited English proficiency, say advocates for housing assistance programs.

Wall Street Journal, June 12, 2016--Borak, Donna International regulators want to limit banks' leeway in assessing the riskiness of their assets, a step that critics say could crimp lending, dent profits and worsen risk rather than reduce it.