Bloomberg, Oct. 26, 2015–Kawa, Luke
Some economists are suggesting that the best thing the Federal Reserve could do for the U.S. economy would be to raise interest rates for the first time in nearly a decade, mounting an argument that flies in the face of conventional economic wisdom.
Reuters, Oct. 26, 2015–Cowan, Richard
Republican and Democratic negotiators in the U.S. Congress and the Obama administration are close to agreeing on proposals to raise Washington’s borrowing authority and fund government programs over the long term, according to House of Representatives and Senate sources.
Arizona Daily Star, Oct. 23, 2015–Harney, Kenneth R.
The federal government’s top consumer protection agency says too many customer referral games being played by some real estate brokers, mortgage lenders and title companies are illegal, and it plans to crack down on them.
World Property Journal, Oct. 23, 2015
According to the Mortgage Bankers Association 2014 Report on Multifamily Lending, 2,876 different multifamily lenders that provided $195.1 billion in new mortgages for apartment buildings with five or more units.
HousingWire, Oct. 23, 2015–Garrison, Trey
It looks like the big surge of mortgage applications before the enactment of the TILA-RESPA Integrated Disclosure act was all sound and fury, amounting to nothing.
National Mortgage News, Oct. 23, 2015–Collins, Brian
Lawmakers and housing groups are urging the Federal Housing Administration to relax its condominium regulations to help open up homeownership opportunities for first-time buyers and urban families.
New York Times, Oct. 23, 2015–Prevost, Lisa
Fannie Mae announced on Monday that it would soon start taking a longer view of consumer credit histories when evaluating mortgage applications, a change that could help some borrowers and hurt others.
National Mortgage Professional, Oct. 23, 2015–Hall, Phil
Fewer people continue to rely on cash sales for their residential property purchasing, according to new data released by CoreLogic.l
National Mortgage News, Oct. 23, 2015–Berry, Kate
The CFPB’s expanded data requirements for the Home Mortgage Disclosure Act will create a powerful tool for analyzing fair lending compliance. But some say the initiative is a massive overreach that could compromise borrower privacy.
Bloomberg, Oct. 23, 2015–Monks, Matthew
Astoria Financial Corp., a New York City-area thrift under pressure from activist investor Basswood Capital Management LLC to boost the share price, is exploring a sale, according to people familiar with the matter. The stock climbed as much as 6.2 percent.
