Bloomberg, Aug. 21, 2017–Saleha Mohsin, Chris StrohmTreasury Secretary Steven Mnuchin emerged over the weekend as one of the staunchest defenders of Donald Trump in the Cabinet, bringing stability to the administration’s economic policy agenda as it heads into what’s expected to be an unpredictable debt-limit debate.
Category: Top National News
How California’s Housing Crisis Happened
Sacramento Bee, Aug. 21, 2017–Angela HartCalifornia’s high housing costs are driving poor and middle income people out of their housing like never before. While some are fleeing coastal areas for cheaper living inland, others are leaving the state altogether.
Fixed Mortgage Rates Continue Their Slide, Falling to Two-Month Lows
Washington Post, Aug. 17, 2017–Kathy Orton (MBA mention)Global and domestic unrest put downward pressure on mortgage rates this week.
Fed Minutes: Central Bank Split Over Path of Rate Hikes
CNBC, Aug. 17, 2017–Jefff CoxA fissure appears to be developing at the Federal Reserve over when to raise interest rates. One side preaches caution in a low-inflation environment while another worries about delaying.
Opinion: Crowdfunded Real-Estate Investments: 3 Ways To Do It
MarketWatch, Aug. 17, 2017–Charles ClintonSo-called “donation crowdfunding” has been eclipsed by crowdfunded investing, where investors purchase small stakes in projects ranging from tech startups to real-estate developments.
2017 Top Brokers
National Real Estate Investor, Aug 15, 2017–David BodamerThe top commercial real estate brokers based on total global transaction volume in 2016.
3 Mortgage Firms Among US’ 500 Fastest Growing
Mortgage Daily, Aug. 17, 2017–Sam GarciaThree mortgage businesses were among the 500 most rapidly growing companies in America. A few more residential lenders were among the 5,000 fastest-growing firms.
HARP Extend Despite Diminishing Volume
Mortgage Daily, Aug. 17, 2017The government-funded refinance program for borrowers on government-sponsored enterprise mortgages with little equity has been extended despite fading activity.
Mortgage Refinance Forecast Raised Over $40 Bil
Mortgage Daily, Aug. 17, 2017The latest real estate finance forecast has mortgage refinance production for this year and next year up by more than $40 billion from what was expected a month ago.
The 2008 Financial Crisis: How It All Began
Wall Street Journal, Aug. 17, 2017 (subscription)In August 2007, the first blow was struck that shattered everything American investors thought they knew about markets.