Category: Top National News

Wall Street Journal, Oct. 1, 2015–Sparshott, JeffreyU.S. manufacturers expanded at the slowest pace in more than two years in September, according to a survey released Thursday by the Institute for Supply Management, a sign of tepid growth in a sector hampered by a stronger dollar and weak overseas demand.

Crain’s New York Business, Oct. 1, 2015–Anuta, Joe Over the past three months, Manhattan homes flew off the shelves at a record pace and price. Listings sold in 73 days, roughly half of the past decade’s average.

Wall Street Journal, Oct. 1, 2015–Mitchell, Josh
The September jobs report will show the U.S. economy’s resilience in the face of stock-market turmoil and economic troubles abroad.

National Mortgage News, Oct. 1, 2015–Collins, Brian
Federal examiners will expect institutions to show that they made a “good faith” effort in preparing for the implementation of the new integrated mortgage disclosures that go into effect on Oct. 3, regulators said in letters sent to industry groups on Thursday.

HousingWire, Oct. 1, 2015–Garrison, Trey
The House Financial Services Committee approved several bipartisan bills they say are designed to potentially protect consumers, reform the Consumer Financial Protection Bureau and cut regulations.

HousingWire, Oct. 1, 2015–Garrison, Trey
Just days after the new TILA-RESPA Integrated Disclosure rule goes into effect on Oct. 3, the House will have a vote on a bill that would formalize the Consumer Financial Protection Bureau’s hold harmless grace period.

Bloomberg, Oct. 2, 2015–Perlberg, Heather
Rebecca Mairone scarcely deserves a mention in the annals of finance, except for this: She’s the only executive of a major U.S. mortgage lender found liable for her part in the 2008 financial crisis.

CNBC, Sept. 30, 2015–Olick, Diana
Total mortgage application volume fell 6.7 percent on a seasonally adjusted basis for the week ending September 25 versus one week earlier, according to the Mortgage Bankers Association.

Wall Street Journal, Sept. 30, 2015–Martin, Anya
Mortgage borrowers should find it easier to compare different loan products and understand the total cost of their loan under new rules that take effect Saturday.

Wall Street Journal, Sept. 29, 2015–Karmin, Craig; Das, Anupreeta
The Plaza Hotel-with its illustrious history and a roster of previous owners that includes Conrad Hilton and Donald Trump-is on the block again. This time, it isn’t business as usual.