Wall Street Journal, Mar. 2, 2016–Sussman, Anna Louie; Leubsdorf, Ben
Most regions of the U.S. economy saw expanded activity supported by increased consumer spending, a firming job market and a strengthening housing sector, the Federal Reserve said Wednesday.
HousingWire, Mar. 2, 2016–Hoffman, Debbie
While mortgage lenders are not completely altruistic as perhaps true heroes, due to their need to make a profit and to be a sustainable business, there is no villainous intent to deceive or hurt the consumer. In fact, the very opposite is true; lenders want to be able to provide the best product available to the consumer, in a sustainable business model while remaining in compliance with regulatory requirements.
MarketWatch, Mar. 2, 2016–Robb, Greg
The private sector added 214,000 jobs in February, ADP reported Wednesday, more than economists had expected and an acceleration from January’s revised gain of 193,000.
Washington Business Journal, Mar. 2, 2016–Sernovitz, Daniel J.
The House Transportation and Infrastructure Committee’s vote recommends two bills, one focused on federal leasing and a second on the sale of excess real estate, be sent to the House floor for potential passage.
Reuters, Mar. 1, 2016–Leong, Richard
The U.S. economy is likely growing at a pace below two percent in the first quarter due to modest growth in consumer spending, the Atlanta Federal Reserve said Tuesday.
National Real Estate Investor, Mar. 1, 2016–Anderson, Bendix
Developers can still find financing to build new apartment properties, but lenders are becoming more cautious.
National Mortgage Professional, Mar. 1, 2016–Hall, Phil
Yesterday, a group calling itself the National Legal and Policy Center sent a letter to the U.S. Attorney for District of Columbia and the Inspector General of HUD, demanding an investigation of David Stevens, president and CEO of the Mortgage Bankers Association, for possible violations of federal ethics laws. But for anyone even vaguely familiar with mortgage banking and federal housing policy, the most obvious question raised here is: Who is the NLPC and why are they suddenly so interested in Stevens and MBA?
Bloomberg, Mar. 1, 2016–Miller, Rich
If the United States enters a recession this year, it may end up a lot like a boring conversation at a cocktail party: painfully long and shallow.
MarketWatch, Mar. 1, 2016–Goldstein, Daniel
The housing market in Detroit is so weak that a new program has been created to help home buyers take out two mortgages when buying a home – one for the purchase price and one for renovations.
HousingWire, Mar. 1, 2016–Ishbia, Mat
There’s something very empowering about working for something beyond yourself or beyond your company, and realizing that you’re working for the greater good of a community.
