HousingWire, Jan. 2, 2020–Ben LaneMr. Cooper (the company formerly known as Nationstar) is shutting down a Beaverton, Oregon office location that was part of the Seterus acquisition and eliminating all …
Category: Top National News
Food Trucks and Dunk Tanks: How Pulte ‘Ignites the Spark’
National Mortgage News, Jan. 29, 2020–Paul Centopani (subscription)https://www.nationalmortgagenews.com/news/food-trucks-and-dunk-tanks-how-pulte-mortgage-ignites-the-spark
U.S. Goods Trade Deficit Widens; Pending Home Sales Slump
Reuters, Jan. 29, 2020–Lucia MutikaniThe U.S. goods trade deficit increased sharply in December as imports rebounded, and businesses turned more cautious on accumulating inventory, prompting some economists to lower their …
Five Facts about Our Housing Supply Explain High Rents and Home Prices
Urban Institute, Jan. 29, 2020The report notes since 2009, housing demand has outstripped supply in the United States—quite significantly in some areas. In 2018, the latest full year for comprehensive …
Weekly Mortgage Applications Surge Over 7% as Rates Fall on Coronavirus Fears
CNBC, Jan. 29, 2020–Diana OlickMortgage rates fell to their lowest level since November, and that sent current borrowers and potential homebuyers rushing to their lenders, according to the Mortgage Bankers …
Verdict Coming on OCC’s Supervision of Wells Fargo
American Banker, Jan. 28, 2020–Kevin Wack (subscription)Last week, the Office of the Comptroller of the Currency rendered judgment on eight former high-level Wells Fargo executives. Still to come is a …
Is the U.S. in a Housing Bubble?
HousingWire, Jan. 28, 2020–Logan MohtashammiSpoiler alert: no. Unlike the bubble years, purchase application data, existing home sales, new home sales, housing starts and the lack of cash-out refinancing all point …
Everything You Think You Know About Housing Is Probably Wrong
New York Times, Jan. 28, 2020–Michael KimmelmanTo address the country’s monumental housing crisis and also become less automobile- and carbon-dependent, America needs to densify its job-rich metro areas so that …
3 Questions as OCC Chief Gets Set to Defend CRA Plan in House
American Banker, Jan. 28, 2020–Brendan Pedersen (subscription)Impeachment is hardly the only battle on Capitol Hill this week. House Democrats will get their first chance Wednesday to question Comptroller of the …
U.S. Economy on Path to ‘Solid’ 2020 Growth; Budget Deficits to Top $1 Trillion
Reuters, Jan. 28, 2020–Richard CowanThe U.S. economy will grow at a “solid” rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits …