HousingWire, June 22, 2017–Kelsey RamirezAmericans are shifting their preferences from renting to home buying, an analysis by TransUnion for the first quarter showed.
Category: Top National News
Top-Heavy U.S. Housing Market Is Crowding Out the Little Guys
Bloomberg, June 22, 2017–Michelle JamriskoThe supply that is being added to the market has been lopsided, with more affordable homes getting short shrift as builders play to the luxury market. This has coincided with more sales on the high end, while bargain buyers have fewer choices–a potentially destabilizing trend.
U.S. Jobless Claims Rise, Labor Market Still Tight
Reuters, June 22, 2017–Lindsay DunsmuirInitial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 241,000 for the week ended June 17, the Labor Department said Thursday.
Marketing Lessons From $1B Clooney Tequila and Fallen Fintech Lender Sindeo
The Basis Point, June 22, 2017–Julian HebronEven if you haven’t heard of Sindeo, when a fintech brand like this falls, you better hear the sound because there are lessons here for all of us. Let’s start with the ‘fintech disruption’ narrative that’s dominated lender and bank marketing in recent years.
9-Yr Low for Freddie’s Single-Family Delinquency
Mortgage Daily, June 22, 2017Residential loan delinquency again turned lower at Freddie Mac, this time to the lowest level in nearly a decade.
Mortgage Servicing, Staffing Expand at Caliber
Mortgage Daily, June 22, 2017Over at Caliber Home Loans Inc., staffing has expanded by more than 1,500 employees during the past 12 months.
MBA: Lower Commercial and Multifamily Originations Forecasts
National Mortgage Professional, June 22, 2017–Phil HallThe Mortgage Bankers Association is forecasting the level of commercial and multifamily mortgage originations will end 2017 with a whimper instead of a bang.
Fed’s Stress Tests Bolster Case for Easing Bank Rules
Wall Street Journal, June 22, 2017–Ryan Tracy, Telis Demos (subscription)The largest U.S. banks survived a hypothetical “stress test” and could continue lending even during a deep recession, the Federal Reserve said, a strong report card that could bolster the industry’s case for cutting back regulation.
Housing Industry’s Largest Trade Groups Want CFPB Director Replaced by Bipartisan Commission
HousingWire, June 22, 2017–Ben LaneMore than 20 of the housing industry’s largest trade groups are calling on Congress to enact legislation that would change the leadership structure of the Consumer Financial Protection Bureau from a single director to a bipartisan commission.
Why More Real Estate Firms Are Now Offering Mortgages
National Mortgage News, June 21, 2017–Brad Finkelstein (subscription)More real estate brokerages are starting to offer mortgages as traditional partnerships with lenders have been eroded by compliance strains and new incentives to control more of the homebuying transaction.