The Lede

CNBC, May 9, 2016--Makortoff, Kalyeena Investors gunning for an interest rate hike by the U.S. Federal Reserve may be looking in the wrong direction, as millennials have more control of rates than the central bank, said Bill Smead, CEO and CIO of Smead Capital Management.

OurBroker.com, May 9, 2016--Miller, Peter G. Has mortgage shopping become too quick and easy? Or, are speedy mortgages a good thing, evidence that automated loan services are a growing success, making it easier to get financing with fewer hassles?

CNBC, May 9, 2016--Belvedere, Matthew J. Quicken Loans CEO Bill Emerson said Monday that the Detroit-based housing lender won't settle with the government over allegations of filing false claims on federally insured mortgages. "For us, that's not something we can even begin to stomach," he told CNBC's "Squawk Box," saying he welcomes a jury trial.

Wall Street Journal, May 9, 2016--Rudegeair, Peter; Steele, Anne Renaud Laplanche was the face of the online-lending industry, a telegenic French entrepreneur who argued the Internet would upend finance by allowing borrowers to connect directly with investors. On Monday, Laplanche resigned as the CEO of LendingClub Corp. after the board released a review of its loan sales.

National Mortgage News, May 9, 2016--Sinnock, Bonnie The Making Home Affordable program has been extended and expanded so many times that it's gotten hard to imagine life without it. But its two primary initiatives have served their purpose and the days may be numbered for HAMP and HARP.

HousingWire, May 9, 2016--Lane, Ben The benchmark interest rate set by Fannie Mae and Freddie Mac for standard mortgage modifications will drop to its lowest level ever later this week, as the government-sponsored enterprises adjust their standards to match the market's "historically low" interest rates.

Reuters, May 9, 2016--Saphir, Ann Minneapolis Federal Reserve Bank President Neel Kashkari on Monday signaled his support for the cautious and patient approach to rate hikes laid out by Fed Chair Janet Yellen, saying the current stance of monetary policy is "about right."

Bloomberg, May 6, 2016--Molla, Rani On Aug. 31, major market indices will no longer bundle REITs inside of "financials" as an industry classification. Instead, they will reside in a new category called, surprise, surprise, "real estate."

Wall Street Journal, May 10, 2016--Glazer, Emily The nation's most valuable bank and the third largest by assets is planning to unveil a loan product Tuesday that is geared to small-business customers that have recently been gravitating to faster online lenders.

Mlive.com, May 9, 2016--Thibodeau, Ian Detroit officials selected a group that includes a Dan Gilbert company to build a massive, mixed-use development in Brush Park and Eastern Market. The project would expand the Quicken Loans founder's growing real estate influence outside Downtown, where he owns more than 80 properties.

Miami Herald, May 9, 2016--Herrera, Chabeli In a $794 million deal, SBE acquired Morgans' 13 properties across the U.S., including the 194-room Delano, which SBE will take direct ownership of, the Mondrian South Beach and the Shore Club Miami Beach hotel for a short time.