Category: Top National News

Wall Street Journal, Sept. 16, 2015–Zeng, Min; Albanese, Chiarra
Investors may be mixed on what the Federal Reserve will do with interest rates this week. But they are more aligned on what they expect to happen next with rates: not much.

Mortgage Servicing News, Sept. 16, 2015–Peters, Andy
Ocwen Financial said it expects to report a loss in its current fiscal year, as it continues to cut costs amid an investigation of its practices.

HousingWire, Sept. 16, 2015
A congressional move to limit the salaries for the CEOs of Fannie Mae and Freddie Mac moved a step closer Tuesday night when the Senate unanimously passed a version of the House’s Equity in Government Compensation Act of 2015.

Reuters, Sept. 16, 2015–Mutikani, Lucia
U.S. consumer prices unexpectedly fell in August as gasoline prices resumed their decline and a strong dollar curbed the cost of other goods, pointing to tame inflation that complicates the Federal Reserve’s decision whether to hike interest rates.

Wall Street Journal, Sept. 16, 2015–Simon, Ruth
Intuit, PayPal and Square already know how much money millions of small businesses are bringing in each day. Now these tech firms are stepping up efforts to mine that data to get into the lending business.

GlobeSt.com, Sept. 17, 2015–Morphy, Erika
There has been an uptick in companies spinning off real estate to monetize their (often struggling) operations. Some of these deals have the attention of the Internal Revenue Service.

Wells Fargo Home Mortgage announced an ambitious plan to loan $125 billion to as many as 500,000 Hispanic homebuyers over the next 10 years – capitalizing on a growing and under-served segment of the U.S. market.

First and second lien mortgage defaults both increased in August from July, according to the S&P/Experian Consumer Credit Default Indices.

Two of the largest U.S. home builders are redoubling their push into the rental-apartment market, despite concerns the red-hot segment is getting overbuilt.

As Fed policy makers ponder whether and when to raise rates, an important factor in their decision will be whether to wait to see if recent market turmoil points to unanticipated trouble in the global economy.