The Lede

Wall Street Journal, June 8, 2016--Brown, Ken Real estate investment trusts are by far the best-performing asset class in the market over the past 15 years, but most actively managed funds have largely ignored these stocks.

CNBC, June 8, 2016--Olick, Diana Mortgage application volume jumped 9.3 percent last week from the previous week, according to the Mortgage Bankers Association. The results were seasonally adjusted, including for the Memorial Day holiday. 

National Mortgage Professional, June 8, 2016--Hall, Phil Five industry trade groups expressed their concern to Federal Housing Finance Agency Director Mel Watt that any reforms to the secondary market should originate in Congress and not in his regulatory agency.

Consumer Reports, June 8, 2016--Fried, Carla Not everyone can afford to make the standard 20 percent down payment when buying a home. It can be even more difficult to do as housing prices rebound. But you can buy a house and put down less than 20 percent. When you do that, your lender also requires that you pay for mortgage insurance-a cost that the lender adds to your monthly bill.

MarketWatch, June 8, 2016--Riquier, Andrea A lack of trust in institutions persists after the housing crisis, says book author David Dayen.

Wall Street Journal, June 8, 2016--Dizik, Alina The Foxes, who built their home in 2010, are among the Texas Hill Country's latest wave of settlers, affluent buyers from large metro areas seeking getaways in the countryside. Located in central Texas near Austin and San Antonio, the Hill Country covers about 17 counties across 11 million acres of terrain noted for gnarly live oaks, spring-fed streams and rocky hills.

HousingWire, June 8, 2016--Swanson, Brena The single-family rental market comprises 13% of all occupied housing and 37% of the total rental market and is only poised for more growth from here, a white paper from the National Rental Home Council said.

Bloomberg, June 8, 2016--Jamrisko, Michelle Nearly half of U.S. financial managers are slashing hiring or spending plans as political uncertainty weighs on the business outlook during the election year, according to the quarterly Duke University/CFO Global Business Outlook poll.

Reuters, June 8, 2016--Mutikani, Lucia The Labor Department said on Wednesday in its monthly Job Openings and Labor Turnover Survey, or JOLTS, that the rate of hiring fell to 3.5 percent from 3.7 percent in March. That was the slowest rate since August 2014.

HousingWire, June 8, 2016--Tozer, Ted The author, president of Ginnie Mae, warned a lack of access to capital could severely limit the servicing capacity of independent mortgage bankers, which could in turn limit overall servicing capacity.

Charlotte Observer, June 8, 2016--Ellis, Marion There aren't many people who would leave a job paying $543,333 per year for one paying 10 times less, but when Cliff Cameron, whose funeral was last Wednesday in Charlotte, was asked to become North Carolina State Budget Director at $59,356, he turned even that down and insisted upon a salary of $1 per year.

National Mortgage News, June 8, 2016--Passy, Jacob HUD reached an agreement with First-Citizens Bank & Trust Co. in Raleigh, N.C., to settle alleged fair lending violations.

HousingWire, June 8, 2016--Lane, Ben Zillow announced Wednesday that it is about to launch an update to the algorithm that powers its Zestimates, which Zillow claims will improve the accuracy of the property value estimation tool across the country.