Wall Street Journal, Oct. 14, 2015–Sussman, Anna Louie
Retail sales rose a seasonally adjusted 0.1% in September from August, the Commerce Department said Wednesday. Economists had expected a rise in September of 0.2%. The increase was largely due to a 1.8% month-over-month increase in auto sales.
MarketWatch, Oct. 14, 2015–Bartash, Jeffry
The producer-price index, which includes wholesale costs, fell 0.5% last month, the Labor Department said Wednesday. Economists polled by MarketWatch had forecast a seasonally adjusted 0.2% decline.
Reuters, Oct. 14, 2015–Mutikani, Lucia
U.S. business inventories were flat in August for a second straight month as businesses work through a stockpile of merchandise accumulated in the first half of the year.
Associated Press, Oct. 15, 2015–Veiga, Alex
New “Know Before You Owe” rules, which took effect Oct. 3, require lenders to provide borrowers with clearly laid out details on their loan and what it will cost them in an initial estimate and, closer to closing, a final summary. David Stevens, president and CEO of the Mortgage Bankers Association, said the intent of the new rules is to have the borrower prepared and informed at the closing table.
CNBC, Oct. 14, 2015–Olick, Diana
Mortgage applications plummeted 27.6 percent on a seasonally adjusted basis for the week that ended Friday from the previous week, the Mortgage Bankers Association said Wednesday.
HousingWire, Oct. 14, 2015–Lane, Ben
Citing “recent regulatory developments,” Bank of America will become the latest lender to discontinue its use of marketing services agreements.
National Mortgage News, Oct. 14, 2015
The outlook for originations, and regulators’ priorities for 2016, will dominate discussions throughout the Mortgage Bankers Association’s Annual Convention in San Diego next week.
Wall Street Journal, Oct. 13, 2015–Pleven, LiamBusiness is booming for companies that lease out storage units to consumers. Rents are rising, most units are occupied and competition is tame due to limited new construction in the wake of the financial crisis.
CNBC, Oct. 13, 2015
MBA President and CEO David Stevens appeared on CNBC’s Squawk Box to discuss the association’s Builder Applications Survey and other issues.
National Mortgage News, Oct. 13, 2015–Sinnock, Bonnie
Strategies that help mortgage lenders get a handle on final Dodd-Frank Act implementation costs and better reach the next generation of homeowners will be among the hot topics discussed during the 2015 Mortgage Bankers Association’s Annual Convention.
