Reuters, Jan. 28, 2016–Mutikani, Lucia
New orders for long-lasting U.S. manufactured goods in December recorded their biggest drop in 16 months as lower oil prices and a strong dollar pressured factories, the latest indication that economic growth braked sharply at the end of 2015.
Wall Street Journal, Jan. 28, 2016–Jarzemsky, Matt
The market’s recent tumble has private-equity firms reaching for their checkbooks, if Blackstone Group LP’s latest results are any indication.
Wall Street Journal, Jan. 28, 2016–Chen, Stefanos
Prices for some units in Park Grove’s under-construction towers are expected to top $1,900 a square foot-a city of Miami record. Coconut Grove’s priciest home, a historic estate listed for $47.5 million, is likely to be torn down as the value really lies in its 6.9 acres, agents say.
CNBC, Nov. 27, 2016–Olick, Diana
Defying expectations for the start of 2016, mortgage rates spiraled down further last week, spurring more volume in the mortgage market. Total applications increased 8.8 percent on a seasonally adjusted basis last week from the previous week, according to the Mortgage Bankers Association.
MortgageOrb.com, Jan. 27, 2016–Barnard, Patrick
It’s been almost four months since the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rules took effect on Oct. 3, and although it would be sensationalist to say that the complex set of rules has devastated the mortgage industry, as some predicted it would, there is solid evidence, at this point, that the rules are delaying closings, slowing originations and increasing the average cost per loan for mortgage lenders.
Reuters, Jan. 27, 2016–Mutikani, Lucia
New U.S. single-family home sales surged in December to their highest level in 10 months, the latest indication that the housing sector remains on a firmer footing despite a massive stock market sell-off and slowing economic growth.
Wall Street Journal, Jan. 27, 2016–Hilsenrath, Jon; Leubsdorf, Ben
The Federal Reserve signaled renewed worry about financial-market turbulence and slow overseas economic growth but didn’t rule out raising short-term interest rates in March.
HousingWire, Jan. 27, 2016–Lane, Ben
Signs are beginning to emerge that the rebranding of Nationstar Mortgage is upon us. According to multiple sources, Nationstar is preparing to launch a new brand that would be unlike any other in the mortgage space.
New York Times, Jan. 27, 2016–Bray, Chad
The Royal Bank of Scotland said on Wednesday that it would report an annual loss for 2015 after taking a series of charges to close a deficit in its pension plan and to resolve past misconduct.
MyNewsLA.com, Jan. 27, 2016–Sklar, Debbie
Despite higher interest rates and slower economic growth, confidence on the part of developers indicates a positive outlook for commercial real estate growth through 2018, according to a survey released Wednesday by UCLA economists.
