National Mortgage News, Mar. 17, 2016–Finkelstein, Brad
If the Federal Reserve raises short-term rates in June, market volatility will spur investors to buy long-term bonds, driving down the 30-year mortgage rate to around 3%, consultant Barry Habib argues.
CNBC, Mar. 16, 2016–Olick, Diana
Total mortgage application volume fell 3.3 percent on a seasonally adjusted basis for the week from the previous week, according to the Mortgage Bankers Association.
National Mortgage Professional, Mar. 16, 2016–Hall, Phil
Single-family housing starts in February were at a rate of 822,000, a 7.2 percent increase from the revised January figure of 767,000, according to data released this morning by the U.S. Census Bureau and HUD.
HousingWire, Mar. 16, 2016–Barraza, Cynthia
Many house hunters are facing difficulty in purchasing a home by the lack in homes being built as well as facing limited inventory and finding a home in in-demand cities.
Consumer Affairs, Mar. 16, 2016–Huffman, Mark
On Tuesday the Federal Housing Administration proposed new certifications that both lenders and consumer advocates suggest might help more people qualify for a mortgage.
Wall Street Journal, Mar. 16, 2016–Hilsenrath, Jon; Torry, Harriet
Federal Reserve officials reduced estimates of how much they expect to raise short-term interest rates in 2016 and beyond, nodding to lingering risks to the economic outlook posed by soft global growth and financial-market volatility.
National Mortgage Professional, Mar. 16, 2016–Lykken, David
We need to be held to a higher standard if we want to survive and thrive in a tough economy. The better represented consumers are, the more prosperous they will be. And, as consumers become more prosperous, so can the mortgage industry.
HousingWire, Mar. 16, 2016–Gaffney, Jacob
Consumer Financial Protection Bureau Director Richard Cordray, appearing before the House Financial Services Committee, said consumer complaints against mortgage lenders and servicers are nearly at a half million.
Reuters, Mar. 16, 2016–Mutikani, Lucia
Underlying U.S. inflation increased more than expected in February as rents and medical costs maintained their upward trend, which could keep the Federal Reserve on course to gradually raise interest rates this year.
Benzinga, Mar. 15, 2016
Despite tight conditions, Latinos see net increase of 245,000 owner households while overall homeownership continues to decline. “The Latino community is massive, it’s ready to own, and it’s now,” said Mortgage Bankers Association President and CEO David Stevens, CMB.
