The Lede

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How Much of the Homeownership Rate Decline from 2005-2015 is Due to Foreclosures
Builder Magazine, June 6, 2016--Spader, Jon The slowdown in homeownership entries among young households has likely played an increasing role in homeownership rate declines over time-and will be central to homeownership rate changes in coming years.
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Yellen Says Latest Jobs Report Raises Questions About Economic Outlook
Wall Street Journal, June 6, 2016--Davidson, Kate Federal Reserve Chairwoman Janet Yellen on Monday said the dismal May employment report has raised significant questions about the economic outlook that will weigh on officials as they determine when to lift short-term interest rates.
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How a Tech-Savvy Community Bank Plans to Disrupt Mortgage Lending
National Mortgage News, June 6, 2016--Macheel, Tanaya Arjun Sirrah takes great pride in his company's national-level success as a community bank in Connecticut competing against digital lending startups in student loan refinancing. Now, his Darien Rowayton Bank plans to bring its tech-based approach to the mortgage market later this year.
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Fannie Mae to Make Mountain of Data Available on Modified Loans
HousingWire, June 6, 2016--Lane, Ben Fannie Mae said Monday that is plans to release a massive collection of data on previously modified loans in its portfolio as part of plan to being securitizing re-performing loans later this year.
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Wall Street Said to Plan First CMBS to Meet Risk-Retention Rules
Bloomberg, June 6, 2016--Evans, Rachel Three U.S. banks plan to sell the first commercial mortgage bonds to comply with new rules designed to make securitization markets safer for investors.
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Here are the Changes Coming to MISMO Membership Structure
HousingWire, June 6, 2016--Swanson, Brena "We expect that the simplified membership structure, along with increasing membership benefits, will encourage greater participation in the organization" said Bill Beckmann, MISMO Board Chairman and CEO of MERSCORP Inc.
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Republican Alternative to Dodd-Frank Calls for Banks to Boost Capital
Wall Street Journal, June 7, 2016--Borak, Donna Wall Street banks would be able to break away from the 2010 Dodd-Frank regulatory-overhaul law under a Republican plan-but it would cost them billions of dollars. The GOP plan set to be released by the chairman of the House Financial Services Committee on Tuesday in a speech in New York would provide financial institutions, large and small, an alternative to the existing postcrisis regulatory regime. They would be allowed to opt in to the alternative plan if they can surpass critical thresholds. 
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Guild Mortgage Continues Expansion, Acquires AmeriPro Home Loans
HousingWire, June 6, 2016--Lane, Ben Guild Mortgage announced Monday that it is acquiring AmeriPro Home Loans, a move that San Diego-based lender says will make it "one of the largest independent mortgage lenders in Texas."
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Bank of America Returning to Black Knight Servicing System
National Mortgage News, June 6, 2016--Kilgore, Austin The Charlotte, N.C., bank signed an agreement with the Jacksonville, Fla., mortgage-technology company on June 3 to service first and second mortgages.
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Ocwen to Lay Off 120 Employees in Cost-Cutting Measure
National Mortgage News, June 6, 2016--Passy, Jacob Ocwen Financial Corp. in West Palm Beach, Fla., will lay off 120 employees as part of a plan to reduce costs.
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Zillow to Pay $130M to Settle Lawsuit with Move over Alleged Trade Secret Theft
HousingWire, June 6, 2016--Lane, Ben One of the most contentious battles in history of online real estate is now over, as Zillow announced Monday that it reached a settlement with Move over allegations of trade secret theft levied against two high-level executives at Zillow who once plied their craft at Move.
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