Forbes, Jan. 29, 2016–Greene, Mark
Super Bowl ads are queued up and ready to wow us next week and I am ready to see how the new Rocket Mortgage is going to change life as we know it.
Category: Top National News
Income for Recent Graduates the Highest in Over a Decade
Wall Street Journal, Jan. 29, 2016–Zumbrun, Josh
Incomes for the newest batch of diploma-holders are now at the highest level in more than a decade, while unemployment rates are falling quickly, according to a new report from the Federal Reserve Bank of New York.
How Will United Guaranty Fare as a Stand-Alone Mortgage Insurer?
National Mortgage News, Jan. 29, 2016–Finkelstein, Brad
United Guaranty’s spinoff from American International Group will result in changes to its capital structure that could shake up the competitive landscape in the private mortgage insurance market.
Lenders Originating More Subprime Mortgages: Equifax
National Mortgage News, Jan. 29, 2016–Peters, Andy
Lenders are originating more mortgages for subprime borrowers, according to Equifax.
Walter Investment’s Ditech Buys Part of Residential Credit Solutions
HousingWire, Jan. 29, 2016–Lane, Ben
In another signal that the default mortgage business is shrinking, Walter Investment Management Corp. announced Friday that it acquired “certain assets” of Residential Credit Solutions,a Ft. Worth, Texas-based mortgage servicing company, specializes in servicing delinquent or default loans and so-called “credit-sensitive” residential mortgage loans, where the borrower is at high risk for default.
Fed’s Williams Sees ‘Smidgen’ Lower Rate Hikes
Reuters, Jan. 29, 2016–Saphir, Ann
The Federal Reserve probably needs to keep U.S. interest rates lower for longer given headwinds from weak global economic growth, a stronger dollar and an unexpectedly sustained drop in oil prices, San Francisco Federal Reserve Bank President John Williams suggested on Friday.
Are Some Realty Agents Hyping their Numbers?
Miami Herald, Jan. 29, 2016–Harney, Kenneth R.
Researchers compared closing documents–which are supposed to indicate the final price in sales transactions – with the prices that agents actually reported to their local multiple listing service and found that nearly one of every 11 cases (8.75 percent) had discrepancies. Overstatements of final price exceeded understatements by a ratio of nearly three to one.
Breaking Down The Good Old Boys Club in Commercial Real Estate
Charlotte Observer, Jan. 30, 2016–Portillo, Ely
Commercial real estate has long had a reputation for being a “good old boys'” sort of world, in which men dominate deal-making, development and construction. But growing numbers of women in top leadership positions are aiming to change that, and help their female colleagues advance.
Key Problems for First-Time Home Buyers
Sioux City Journal, Jan. 30, 2016–Woodard, Jim
Young families are just as motivated to own homes as were their parents and grandparents–perhaps more so. But one problem is blocking their capabilities to become homeowners. Buying a home requires cash down payment.
The New Threat to Bank-to-Bank Lending
Wall Street Journal, Jan. 31, 2016–Burne, Katy
A dispute over technology could pose a new threat to Wall Street’s plumbing by severing a link that allows big banks to borrow freely from one another, according to market participants.