Washington Post, Apr. 7, 2016–Orton, Kathy
Mortgage rates followed long-term Treasury yields downward, plummeting to lows not seen in more than a year.
Category: Top National News
Late Mortgage Payments Dip to Post-Recession Low
MarketWatch, Apr. 7, 2016–Riquier, Andrea
Americans are becoming more and more credit-worthy, especially when it comes to home equity.
J.P. Morgan: We’re Too Big Not to Succeed
Wall Street Journal, Apr. 7, 2016–Glazer, Emily
In a proxy released Thursday morning, J.P. Morgan pushed back against a shareholder proposal for a bank breakup, pointing to its business synergies, benefits of scale and value to clients.
Regulatory Onslaught Keeping Credit Conditions Tight
National Mortgage News, Apr. 7, 2016–Collins, Brian
The housing market has been improving but mortgage credit remains “stubbornly” tight on loans bought by the government-sponsored enterprises, according to a chief housing adviser at the White House.
Can Commercial Real Estate Maintain Momentum?
National Mortgage Professional, Apr. 7, 2016–Hall, Phil
Two new data reports on the commercial real estate sector offer very different visions regarding the sector’s vibrancy, with one detailing a healthy 2015 and the other forecasting a bumpy near-term future.
Freedom Mortgage to Acquire Chase’s Rural Housing Business Unit
NJBIZ, Apr. 7, 2016–Bader, Emily
Freedom Mortgage Corp. has agreed to acquire the correspondent origination assets of JPMorgan Chase’s rural housing business. The Mount Laurel-based national mortgage banker said in a news release that it will operate the business unit under its Freedom Mortgage banner and will keep the existing employees.
More Than 40% of Student Borrowers Aren’t Making Payments
Wall Street Journal, Apr. 7, 2016–Mitchell, Josh
More than 40% of Americans who borrowed from the government’s main student-loan program aren’t making payments or are behind on more than $200 billion owed, raising worries that millions of them may never repay.
Economic Worries Affect Consumer Confidence in Housing: Fannie
National Mortgage News, Apr. 7, 2016–Kellard, Joseph
Consumers are feeling a growing pessimism about the direction of the economy that appears to be spilling over into the housing market in March, Fannie Mae said.
Congress Brings Knife to CFPB Gun Fight
HousingWire, Apr. 7, 2016–Swanson, Brena
One of the most notable mortgage issues still on the table is the bureau’s legal battle with PHH, in what is one of the first cases of a business successfully challenging the bureau.
U.S. Job Market Firming Despite Anemic Economic Growth
Reuters, Apr. 7, 2016–Mutikani, Lucia
Americans filing for unemployment benefits fell more than expected last week, suggesting the labor market continued to strengthen despite tepid economic growth.