HousingWire, Apr. 29, 2016–Gaffney, Jacob
Rafferty Capital Markets equity analyst Dick Bove likes the numbers for the future of housing affordability.
Category: Top National News
Baby Boomers, Just Eclipsed by Millennials, Will Soon Be No. 3
Wall Street Journal, Apr. 29, 2016–Zumbrun, Josh
By the middle of 2015, the baby boom was finally eclipsed in size by the generation known as millennials-the people born in most of the 1980s and 1990s. But within the next few years, the baby boomers are likely to also be overtaken by the generation of people born after the millennials in the early years of the 21st century. In a brief span, the baby boomers will fall from America’s largest generation to No. 3.
Compensation Gains Fail to Break Out For U.S. Workers
Wall Street Journal, Apr. 29, 2016–Morath, Eric
The pace of raises and other compensation gains for U.S. workers has stagnated over the past year, despite steady job growth.
One of These People Could Be the Next U.S. Treasury Secretary
Bloomberg, Apr. 29, 2016–Jamrisko, Michelle; Mayeda, Andrew
With Republicans Donald Trump and Ted Cruz, and Democrats Hillary Clinton and Bernie Sanders, dominating their bids for their parties’ nominations, Bloomberg spoke to analysts, campaign staff and former officials to start the guessing over who will succeed Jacob J. Lew in the house Hamilton built.
U.S. Economy Seen Expanding at 1.8 Percent Rate in Second Quarter: Atlanta Fed
Reuters, Apr. 29, 2016–Leong, Richard
The U.S. economy is on track to grow by a 1.8 percent annualized rate in the second quarter after the government said it expanded at a 0.5 percent pace in first quarter, Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.
Seniors Can Try Before They Buy
UExpress, Apr. 29, 2016–Sichelman, Lew
Many major retirement properties offer so-called “discovery packages,” a “try before you buy” program as a way to experience the lifestyle as a resident.
Constitutional Challenge Could Be ‘Very Messy’ for the CFPB
American Banker, Apr. 29, 2016–Berry, Kate
A federal appeals court case challenging the constitutionality of the Consumer Financial Protection Bureau is raising concerns that if the agency loses, it could open the floodgates for a flurry of other lawsuits against the CFPB.
Equity is a Sure Sign of Financial Growth
Daily Herald (Chicago), May 1, 2016–Woodard, Jim
Most homeowners are now in a positive mode with their finances. By the end of last year, a million borrowers had regained their lost equity.
Home Purchase Mortgage Volumes to Remain High in 2016: DBRS
National Mortgage News, Apr. 29, 2016–Passy, Jacob
A healthy housing market is expected to buoy purchase mortgage volumes this year, while rising rates will put a damper on refinancing, according to a report from rating agency DBRS.
Retail Property Lending Surges, Industrial Mortgages Slump in 1Q
National Mortgage News, Apr. 29, 2016–Passy, Jacob
Commercial and multifamily mortgage loan originations barely budged overall during the first quarter when compared to the same period last year, according to the Mortgage Bankers Association.