Business Insider, Nov. 24, 2015–Richter, Wolf
San Francisco is seeing one of the biggest new-housing construction booms in history, said Paragon Real Estate. It’s accompanied by one of the biggest office construction booms in history. Banks are lending to developers like there’s no tomorrow.
Intitutional Investor, Nov. 24, 2015–Ostrowski, Jeff
With foreign investors approaching record purchases of U.S. commercial property, conditions may not be as frothy as they appear.
CNBC, Nov. 24, 2015–Olick, Diana
More than 93 percent of mortgage applications to both refinance and to purchase a home are for fixed-rate loans, according to the Mortgage Bankers Association. Adjustable-rate mortgages (ARMs), which may be fixed for up to 10 years before the interest rate changes, can offer rates at least a full percentage point lower, but they are less popular today than they’ve ever been.
TechCrunch, Nov. 24, 2015–Burns, Matt
It took nearly five years and a team of 450 people, but today Quicken Loans is announcing Rocket Mortgage, an online mortgage that takes just a few minutes to complete. Quicken Loans sees Rocket Mortgage as the turning point in home financing. It’s home financing’s iPhone, says Quicken Loans founder Dan Gilbert.
National Mortgage Professional, Nov. 24, 2015–Hall, Phil
As the nation gets ready for the Thanksgiving break, both the residential and commercial real estate industries received a healthy dose of pre-holiday good news.
HousingWire, Nov. 24, 2015–Lane, Ben
The data come from the Consumer Financia Protection Bureau’s latest snapshot report about its consumer complaint database, which showed that complaints about Ocwen in the last three months are down by 16% over the same time period last year.
Bloomberg, Nov. 24, 2015–Kawa, Luke
Thanks to extensive monetary accommodation that has pushed returns on corporate bond in Europe to ultra-low levels, investors will have no choice but to search for yield across the Atlantic, Bank of America credit strategists contend.
Nov. 24, 2015–Dunsmuir, LindsayThe number of regional Federal Reserve banks pushing for a hike in what commercial banks are charged for emergency loans rose to nine in October, a sign the U.S. central bank may be close to tightening monetary policy, minutes from its discount rate meeting showed on Tuesday.
New York Times, Nov. 24, 2015–Eavis, Peter
As an important deadline looms in Congress, the Obama administration signaled on Tuesday that it would push back hard against any legislation that substantially loosens the sweeping 2010 Dodd-Frank Act.
Wall Street Journal, Nov. 24, 2015–Tracy, Ryan; Rudegeair, Peter
U.S. regulators are growing increasingly concerned about credit risk in the banking sector, amid worries about complacency returning seven years after the financial crisis. The latest warning Tuesday came from the Federal Deposit Insurance Corp., the chairman of which called out relaxed underwriting in lending sectors such as auto, energy and multifamily homes.
