Category: Top National News

Reuters, Sept. 12, 2017The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department on Tuesday showed the labor market continued to tighten amid a scarcity of workers.

Wall Street Journal, Sept. 12, 2017–Esther Fung (subscription)Storage operators, which typically rent units ranging from 5 feet by 5 feet to as large as 10 feet by 25 feet, often report stronger demand following a natural disaster as residents look for a place to keep their belongings while they focus on rebuilding their property.

National Mortgage Professional, Sept. 12, 2017–Phil HallMortgage applications for new home purchases in August rose by seven percent from July and were up 6.8 percent compared to August 2016, according to the latest Mortgage Bankers Association Builder Application Survey.

National Mortgage News, Sept. 12, 2017–Ian McKendry, John Heltman (subscription)A mishmash of lawmakers from different parties and committees are wading into the aftermath of Equifax’s megabreach, with some using it to advance their policy agendas while others are calling for possible criminal prosecution.

Charlotte Observer, Sept. 11, 2017–Deon RobertsWells Fargo has made more layoffs within its Fort Mill mortgage operation, according to a notice filed with the state of South Carolina. The layoffs stem from the closure of Wells’ reverse-mortgage servicing operating unit, a move impacting 120 jobs.

National Mortgage News, Sept. 11, 2017–Bonnie Sinnock (subscription)Private-label residential mortgage-backed securities could have more potential exposure to Hurricane Irma than any recent storm, and the hurricane also could have implications for agency and government markets.

Wall Street Journal, Sept. 11, 2017–Douglas Belkin, Shibani Mahtani (subscription)Now, after Hurricane Harvey killed at least 50 people and caused roughly $180 billion in damage, a battle is shaping up over how best to oversee real-estate development in Houston.

HousingWire, Sept. 11, 2017–Ben LaneLate last week, Lima One Capital, a lender for residential real estate investors, announced that it acquired RealtyShares’ residential lending business.

Bloomberg, Sept. 11, 2017–Gavin FinchLondon retained its crown as the world’s top financial center in a ranking that surveys industry professionals, extending its lead over New York and Hong Kong despite ongoing uncertainty about the implications of Brexit.

National Real Estate Investor, Sept. 11, 2017–Bendix Anderson This summer–for the first time in several years–student housings beds were not leasing as quickly as the year before.