Washington Post, Mar. 29, 2016–Fox, Jonathan
It’s tougher today for younger people in Washington than in generations past to obtain a stake in the system, which typically spells trouble for any economic model. An inclusive market is the only market that will bring prosperity to all.
National Mortgage News, Mar. 29, 2016–Tymesen, Tana
Military families and service members are submitting debt collection complaints to the Consumer Finance Protection Bureau at twice the rate of other consumers.
World Property Journal, Mar. 28, 2016–Gerrity, Michael
A new report by the Mortgage Bankers Association’s Research Institute for Housing America, Cognition and the Housing Behavior of Older Americans, notes a strong correlation between housing behavior and the cognitive decline of older Americans. Importantly, normal cognitive aging also correlates to a potential borrower’s ability to make decisions relating to their own housing and financial situation.
Wall Street Journal, Mar. 28, 2016–Jamerson, Joshua
The battle for Starwood Hotels & Resorts Worldwide Inc. continued Monday as the group led by China’s Anbang Insurance Group Co. increased its bid for the hotelier to $14 billion, raising the stakes in the high-profile bidding war with Marriott International Inc.
National Mortgage News, Mar. 28, 2016–Macheel, Tanaya
Redwood Trust has promoted its chief financial officer, Christopher Abate, to replace its departing president, Brett Nicholas.
Bloomberg, Mar. 28, 2016–Yu, Hui-Yong
Next month’s auction for the Plaza Hotel in Manhattan was canceled after the holders of the mortgage reached a deal to give the borrowers more time to sell the property and pay back the loan.
Reuters, Mar. 28, 2016–Mutikani, Lucia
U.S. consumer spending barely rose in February and inflation retreated, suggesting the Federal Reserve could remain cautious about raising interest rates this year even as the labor market rapidly tightens.
CNBC, Mar. 28, 2016–Insana, Ron
The StreetEasy Blog, which tracks New York real estate markets, notes that expensive apartments are sitting idle for roughly 90 days before being sold, the longest “time on market” since January 2013.
SunSentinel (Fla.), Mar. 28, 2016
The multibillion-dollar real estate industry is seeing a slew of real estate tech startups, including virtual property-viewing services, property management software and real estate investing platforms.
NASDAQ, Mar. 28, 2016–Trefis
The total third-party mortgage servicing portfolio for the 5 largest U.S. banks has shrunk by nearly 9% annually over the last five years, as stricter capital requirements and poor quality of legacy mortgages forced the four largest banks to reduce their presence in the mortgage servicing industry.
