Reuters, Nov. 2, 2015–Leong, Richard
The U.S. economy is on track to grow 1.9 percent in the fourth quarter with expected weaker consumer spending and equipment investment growth following a private report on U.S. manufacturing in October, the Atlanta Federal Reserve’s GDPNow forecast model showed on Monday.
Bloomberg, Nov. 2, 2015–Chandra, Shobhana
The Institute for Supply Management’s index was little changed at 50.1, the weakest since May 2013, after 50.2 in September, a report from the Tempe, Arizona-based group showed Monday.
U.S. News & World Report, Nov. 2, 2015–Wiseman, Paul (Associated Press)
U.S. construction spending rose 0.6 percent in September to the highest level since March 2008, pushed up by a surge in apartment building.
Wall Street Journal, Nov. 2, 2015–Davidson, Kate
Banks reported uneven demand for loans from businesses and households in the third quarter, a Federal Reserve survey found, and most said they maintained the same underwriting standards and terms as they had in the spring.
Wall Street Journal, Nov. 2, 2015–Trichur, Rita; Ensign, Rachel Louise
Royal Bank of Canada is planning to use its $5 billion acquisition of City National Corp. to plot new growth in the U.S. jumbo mortgage market.
New York Times, Oct. 30, 2015–Swarns, Rachel
Outlawed decades ago, redlining has re-emerged as a serious concern among regulators as banks have sharply retreated from providing home loans to African-Americans in the wake of the financial crisis.
Fox News, Oct. 30, 2015–Murad, Andrea
The housing crisis was seven years ago and if you had a foreclosure or short sale, enough time may have passed for you to be eligible to buy a home again. However, these boomerang buyers do need to be prepared.
National Mortgage News, Oct. 30, 2015–Finkelstein, Brad
Ellie Mae hasn’t been pleased with the customer-relationship management vendor it acquired in early 2014. Those disappointing results, along with the desire to offer clients more robust capabilities, prompted the mortgage software provider to acquire another CRM vendor, Mortgage Returns.
HousingWire, Oct. 30, 2015–Swanson, Brena
While it may be small, the mortgage market is still showing subtle signs of strength, beating original expectations for the year, a new industry report from FBR & Co. said.
Reuters, Oct. 30, 2015–Mutikani, Lucia
U.S. consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty increases.
