Bay Area Real Estate, Feb. 5, 2016–Steinhauer, Adam
Construction executives are less optimistic about business conditions going into 2016 than they have been in three years, with a growing number concerned about the uncertain economy, Wells Fargo Equipment Finance reported.
National Real Estate Investor, Feb 5, 2016–Misonzhnik, Elaine
Here is what economists and bank executives had to say about which real estate sectors will enjoy a resurgence in the coming year, which mistakes investors should be wary of and how to stay ahead of the market in 2016.
National Mortgage News, Feb. 5, 2016–Peters, Andy
Mortgage credit availability decreased in January, on a decline in some Federal Housing Administration and conventional offerings, according to the Mortgage Bankers Association.
National Mortgage Professional, Feb. 5, 2016–Hall, Phil
The latest housing market data finds a slight drop in mortgage credit availability and a handsome price gain for home sellers.
Wall Street Journal, Feb. 5, 2016–Patrick, Margot
HSBC Holdings PLC agreed Friday to pay $470 million to settle federal and state allegations of abusive practices in its U.S. mortgage business.
MarketWatch, Feb. 5, 2016–Requier, Andrea
“You could get a mortgage on your phone,” the Super Bowl ad tells us. It’s advertising Quicken Loans’ Rocket Mortgage, so named because it claims to connect applicants with mortgages in just eight minutes. Quicken claims that’s all the time that’s needed to get a mortgage – not just a pre-approval. But there are a lot of caveats.
Time, Feb. 5, 2016–Salisbury, Ian
It’s no secret millions of millennials and Gen Xers are having trouble buying homes. But here’s some good news on that front: It just a got a little easier for these and other buyers to qualify for so-called ‘prime’ mortgages, loans that go to the highest quality borrowers.
Bloomberg, Feb. 5, 2016–Scully, Matt
The Federal Reserve is squeezing a good deal of the profit out of mortgage bond trading, and Wall Street banks are increasingly heading for the exits.
American Banker, Feb. 5, 2016–Pinto, Edward
The author, resident fellow with the American Enterprise Institute, said quickly amortizing mortgages would help achieve sustainable wealth-building homeownership opportunities for low- and middle-class Americans.
Wall Street Journal, Feb. 5, 2016–Hilsenrath, Jon
Friday’s jobs report likely leaves Federal Reserve officials in a “watchful waiting” mode as they consider whether to lift short-term interest rates at their next policy meeting in March.
