CNBC, Jan. 7, 2020–Fred ImbertThe Institute for Supply Management’s non-manufacturing index climbed to 55 last month from 53.9 in November. Economists polled by Dow Jones expected the reading to come …
Category: Top National News
Zumper: Rental Prices in the Top Housing Markets Rise in January
HousingWire, Jan. 7, 2020–Alcynna LloydIn January, the rental prices for a one-bedroom and two-bedroom unit decreased from the previous month, falling by 0.4% and 0.3%, respectively, according to Zumper’s National …
Rocket Mortgage Signs Official Sponsorship Deal With NFL
National Mortgage Professional, Jan. 7, 2020–Phil HallRocket Mortgage by Quicken Loans has signed an exclusive, multi-year deal with the National Football League that makes the company the league’s official mortgage …
Demand For Fed Liquidity Rises, New York Fed Injects Nearly $100 Billion
Wall Street Journal, Jan. 7, 2020–Michael S. Derby (subscription)The Federal Reserve Bank of New York added nearly $100 billion in short-term liquidity to financial markets on Tuesday.https://www.wsj.com/articles/demand-for-fed-liquidity-rises-new-york-fed-injects-nearly-100-billion-11578409629?mod=hp_major_pos1
Some Americans are Ditching their Mortgage to Rent in Retirement…
Business Insider, Jan. 7, 2020–Liz KnuevenWhile conventional advice says that mortgage-free homeownership is important to retirement, many American retirees are finding that renting better fits their lifestyle and their finances.https://www.businessinsider.com/renting-in-retirement-vs-homeownership
U.S. Court: No Lender Property Preservation Duty Following Default
DS News, Jan. 6, 2020–Seth WelbornThe United States Court of Appeals for the Second Circuit has affirmed in a recent ruling that a lender has no duty to safeguard a …
What Will Drive Bank Lending
American Banker, Jan. 7, 2020–Alan Kline (subscription)Population shifts and the explosion of e-commerce will upend commercial real estate lending while heightened demand for clean energy, not to mention pressure from …
Pricey California Targeted in Revived Effort for Housing Density
Bloomberg, Jan. 7, 2020–Noah BuhayarA fight over how to fix California’s worst-in-the-nation housing shortage is about to heat up again in Sacramento.https://www.bloomberg.com/news/articles/2020-01-07/pricey-california-targeted-in-revived-effort-for-housing-density?srnd=premium
Here’s How Many Homes Were Built in the Last Decade
HousingWire, Jan. 6, 2020–Julia FalconHousing production had a long way to go in order to catch up after the recession, with a shortage of homebuilding materials, shortage of labor and …
Trump Administration Plans Roll Back of Low-Income Housing Rules
Wall Street Journal, Jan. 6, 2020–Laura Kusisto (subscription)The Trump administration plans to unveil new rules on Tuesday that will roll back Obama-era efforts to prod local governments into building more …