The Lede

The Intercept, June 17, 2016--Dayen, David Recruiters are hiring for a job that shouldn't exist: finding "missing" documents required to "complete" broken chains of title on mortgages entering foreclosure.

HousingWire, June 17, 2016--Swanson, Brena Intercontinental Exchange, ICE, announced on Friday that it plans to acquire a majority equity position in MERSCORP Holdings, the owner of Mortgage Electronic Registrations Systems, collectively known MERS, sending a signal to the market that MERS is finally vindicated.

Multi-Housing News, June 17, 2016--Fiorilla, Paul For most of the last six months, the top concern of the CMBS market was the "risk-retention" rule mandated by the Dodd-Frank Act that was approved by a host of regulators, including the Federal Reserve and Securities and Exchange Commission. But now some of the concerns about risk-retention are taking a back seat to some of the other regulations dealing with trading and the process of building pools in terms of the impact on pricing and liquidity in the market.

AZ Big Media, June 17, 2016--Gossie, Michael Looking at the commercial real estate financing industry is like looking at statistics: There can be several different interpretations. If you look at the numbers from 2015, commercial and multifamily mortgage bankers closed $503.8 billion in loans, according to a report from the Mortgage Bankers Association.

UExpress, June 17, 2016--Sichelman, Lew According to the National Association of Home Builders' best count, nearly 8 percent of all single-family housing starts in 2015 were attributable to teardown-related construction. That's roughly 55,000 older houses gone forever, and that's on top of the 31,800 single-family teardown starts in 2014.

National Mortgage Professional, June 17, 2016--Hall, Phil The Mortgage Bankers Association filed a petition with the Federal Communications Commission seeking to exempt mortgage servicing calls from the prior express consent requirements included in the Telephone Consumer Protection Act.

Bloomberg, June 17, 2016--Geiger, Keri; Farrell, Greg; Schoenberg, Tom U.S. prosecutors have abandoned their case against Angelo Mozilo, a pioneer of the risky subprime mortgages that fueled the financial crisis, after a two-year quest to bring a civil suit against him.

Reuters, June 17, 2016--Schneider, Howard The U.S. economy may only need one rate hike for as long as 2-1/2 years and the Federal Reserve is eroding its credibility by indicating otherwise, St. Louis Fed President James Bullard said on Friday in arguing for an overhaul of how the central bank views and discusses policy.

Reuters, June 17, 2016--Leong, Richard The U.S. economy is on track to grow by a 2.8 percent annualized rate in the second quarter following data on housing starts in May, Atlanta Federal Reserve's GDPNow forecast model showed on Friday.

Investor's Business Daily, June 17, 2016 How large of an investment opportunity is being created by the upcoming Sept. 1 expansion of the familiar 10 major sectors with the debut of a new, 11th sector devoted to real estate, in benchmarks such as the S&P 500 and others run by S&P Dow Jones Indices and MSCI? The impact could be big.

Associated Press, June 19, 2016--Boak, Josh It's a troublesome story playing out across America in the 10 years since the housing bubble peaked and then burst in a ruinous crash: As real estate has climbed back, homeowners are thriving while renters are struggling.

Wall Street Journal, June 19, 2016--Kirkham, Chris Investors this week will see how those projections are shaping up as two of the nation's largest home builders report second-quarter earnings. Results on Tuesday from Lennar Corp. and KB Home will provide insight into the crucial spring selling season, a peak time for homebuying.

National Mortgage News, June 17, 2016--Passy, Jacob Product and pricing engine software vendor Optimal Blue will be acquired by private equity firm GTCR in a deal that will place mortgage technology veteran Scott Happ in the role of CEO.

Join MBA Education and industry experts from Mortgage Banking Solutions for a two-part webinar series covering the fundamentals and complexities of mortgage technology ROI. Part I takes place on Tuesday, June 21 from 2:00-3:30 p.m. ET.

MBA Education presents a webinar, Legal Liabilities When Check Fraud Occurs, on Wednesday, June 29 from 2:00-3:30 p.m. ET.

The Mortgage Bankers Association's 103rd Annual Convention, #FORWARD, takes place Oct. 23-26 at the Hynes Convention Center in Boston.