Reuters, Sept. 24, 2015–Lange, Jason
A gauge of U.S. business investment plans fell slightly in August while the number of Americans filing new applications for jobless benefits barely rose last week, signs that global economic headwinds were doing little to impede U.S. growth.
Bloomberg, Sept. 23, 2015–Kawa, LukeDominic Konstam, global head of rates research at Deutsche Bank, said the Federal Reserve will not raise interest rates until the market is “begging for it.”
CNBC, Sept. 23, 2015–Olick, Diana
Total application volume surged 13.9 percent on a seasonally adjusted basis for the week ended Sept. 18 versus the earlier week, according to the Mortgage Bankers Association.
Sept. 23, 2015–Team, Trefis
The mortgage industry witnessed a sizable uptick in activity over the second quarter of the year, with total origination volumes reaching the highest level in the last two years. In fact, $225 billion in fresh mortgages were originated over the period – making it the best quarter in this regard since Q4 2007.
Washington Post, Sept. 23, 2015–Charron, David
Come Oct. 3, the Consumer Financial Protection Bureau is mandating new forms and regulations for any party involved in a mortgage settlement. This includes buyers, sellers, agents, lenders and title companies.
National Mortgage News, Sept. 23, 2015
The rapidly evolving market for buying and selling distressed mortgage assets has created myriad challenges and opportunities for investors, servicers and portfolio managers.
Wall Street Journal, Sept. 23, 2015–Martin, Anya
All of coastal California is basically insane right now, referring to real estate, of course. Yet government-backed conforming loans are capped at $625,500 in high-priced areas. So unless they can make a substantial down payment to qualify for a Fannie Mae, Freddie Mac or FHA loan, the only way many Californians can finance their mortgage will be a jumbo loan.
HousingWire, Sept. 23, 2015–Garrison, Trey
A new white paper by Amit Seru from the University of Chicago, along with other economists at federal regulatory agencies, provides the first comprehensive analysis of the effects of the Home Affordable Refinancing Program.
HousingWire, Sept. 23, 2015–Swanson, Brena
California’s housing market remains stuck in a standstill, with August’s sales numbers showing a weakening market.
Bloomberg, Sept. 23, 2015–Childs, Mary
Bill Gross said the Federal Reserve needs to raise interest rates as soon as possible, trading some near-term market losses for longer-term stability and a healthier financial system.
