Reuters, Sept. 22, 2015–Ablan, Jennifer
Bond fund giant Pacific Investment Management Co said on Tuesday the pace of Federal Reserve interest-rate increases is likely to be even more gradual than the firm expected in March and that the U.S. central bank may find it impossible to escape the effective lower bound of policy rates.
HousingWire, Sept. 22, 2015–Gaffney, Jacob
Flashback to the 2008 timeframe where the subprime debacle was just taking hold. Enter into that the cast of characters who bet against the big banks, and potentially, the American economy to get rich while the Empire crumbled. Add in a couple of Hollywood A-listers and you get The Big Short movie, based on the book by Michael Lewis.
HousingWire, Sept. 22, 2015–Swanson, Brena
Concerns from the Mortgage Bankers Association President and CEO David Stevens over HUD’s proposed changes to the Federal Housing Administration’s loan requirements are becoming a grim reality.
National Mortgage News, Sept. 22, 2015–Collins, Brian
Ginnie Mae may soon raise its liquidity and cash requirements for independent mortgage banking firms since it seems almost certain that Congress won’t increase the agency’s budget for fiscal year 2016.
CNN, Sept. 21, 2015–Egan, MattSome analysts believe a rate hike could actually boost the American recovery by reassuring the public, encouraging borrowing at cheap levels and generating some income for struggling savers.
CNBC, Sept. 21, 2105–Rosenfeld, Everett The Federal Reserve can still hike interest rates later this year, according to a key central bank decision maker.
Wall Street Journal, Sept. 20, 2015–Jakab, SpencerIt is worth asking whether the Federal Reserve’s decision last week to keep interest rates near zero for a bit longer will give a fillip to home sales.
Wall Street Journal, Sept. 21, 2015–Dezember, Ryan Two big owners of single-family rental homes said Monday they have agreed to merge, a bet that rents will keep rising and homes will remain difficult for many Americans to buy.
Housing Wire, Sept. 21, 2015–Swanson, BrenaThe Consumer Financial Protection Bureau finalized several changes to its mortgage rules to expand access to credit to small creditors, particularly in rural and underserved areas.
New York Times, Sept. 21, 2015Lennar’s results for its third fiscal quarter beat analysts’ estimates as it delivered more homes and new orders rose in an improving housing market.
