Category: Top National News

New York Times, Apr. 7, 2018–Emily Badger, Quoctrong BuiNearly one million American households received eviction judgments in 2016 in new data spanning dozens of states.

UExpress, Apr. 6, 2018–Lew SichelmanThe Urban Institute calls the down payment one of the three biggest barriers to homeownership–the others being credit and affordability. But the bipartisan think tank also says a lot of would-be homebuyers have misconceptions about how much money they need upfront.

MarketWatch, Apr. 7, 2018–Andrea RiquierThe monthly survey of real estate agents from Credit Suisse showed that an index of buyer traffic around the country rose 2 points to 50, on a scale where 50 indicates a neutral reading. Agents’ commentary “remains centered on pent-up demand, especially in more affordable price points, given the persistent inventory shortage.”

HousingWire, Apr. 6, 2018–Ben LaneEave was founded by three tech-and-finance veterans: former Capital One executive Saro Vasudevan, Jack McCambridge, a former executive at Hailo, and Anoop Ranganath, a former manager at Foursquare.

Reuters, Apr. 6, 2018–Lucia MutikaniThe U.S. economy created the fewest jobs in six months in March as a boost from milder temperatures faded, but a pickup in wage gains pointed to a tightening labor market, which should allow the Federal Reserve to further raise interest rates this year.

Mortgage Daily, April 6, 2018 Not only did the number of non-bank mortgage jobs expand on a monthly basis, but a weak overall jobs report has bond yields–and potential home loan rates–lower today.

Mortgage Daily, April 6, 2018 The share of prospective borrowers seeking loans insured by the Federal Housing Administration was wider than during any week since Mortgage Daily began tracking it, while rate-term refinance share was a record low. Jumbo interest rates deteriorated compared to their conforming counterparts.

Washington Post, Apr. 5, 2018–Kathy OrtonAccording to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slid to 4.40 percent with an average 0.5 point. It was 4.44 percent a week ago and 4.10 percent a year ago.

Scotsman Guide, Apr. 5, 2018–Victor WhitmanThe commercial real estate market ended 2017 on a strong note, and the prospects for a stable 2018 remain high, according to the Mortgage Bankers Association.

Wall Street Journal, Apr. 5, 2018–Emily Glazer (subscription)The bank’s plans, which could lead to layoffs in the future, will affect some industry coverage groups, advisory teams, equity and debt capital markets origination and certain corporate-banking relationship managers.