Category: Top National News

Washington Post, Oct. 1, 2015–Orton, KathyA government shutdown was averted. The Federal Reserve stood pat on interest rates. The two events expected to rock the mortgage market never came to fruition. As a result, home loan rates barely budged this week, Freddie Mac reported.

Chicago Tribune, oct. 1, 2015–Harney, KennethAmericans are tapping into their home equity at a pace not seen since the housing bubble aftermath nearly a decade ago, but here’s a key question: Is all this borrowing getting a little too frothy?

New York Times, Oct. 1, 2015–Goldstein, MatthewHousing advocates have attracted a prominent ally in their push to change the federal government’s policy of selling distressed mortgages at a discount to private equity firms and hedge funds: Sen. Elizabeth Warren.

Bloomberg, Oct. 1, 2015–Lange, JasonThe pace of growth at U.S. factories slowed in September, a sign that the chill falling over the global economy could complicate the Federal Reserve’s plans to raise interest rates.

Wall Street Journal, Oct. 1, 2015–Sparshott, JeffreyU.S. manufacturers expanded at the slowest pace in more than two years in September, according to a survey released Thursday by the Institute for Supply Management, a sign of tepid growth in a sector hampered by a stronger dollar and weak overseas demand.

Crain’s New York Business, Oct. 1, 2015–Anuta, Joe Over the past three months, Manhattan homes flew off the shelves at a record pace and price. Listings sold in 73 days, roughly half of the past decade’s average.

Wall Street Journal, Oct. 1, 2015–Mitchell, Josh
The September jobs report will show the U.S. economy’s resilience in the face of stock-market turmoil and economic troubles abroad.

National Mortgage News, Oct. 1, 2015–Collins, Brian
Federal examiners will expect institutions to show that they made a “good faith” effort in preparing for the implementation of the new integrated mortgage disclosures that go into effect on Oct. 3, regulators said in letters sent to industry groups on Thursday.

HousingWire, Oct. 1, 2015–Garrison, Trey
The House Financial Services Committee approved several bipartisan bills they say are designed to potentially protect consumers, reform the Consumer Financial Protection Bureau and cut regulations.

HousingWire, Oct. 1, 2015–Garrison, Trey
Just days after the new TILA-RESPA Integrated Disclosure rule goes into effect on Oct. 3, the House will have a vote on a bill that would formalize the Consumer Financial Protection Bureau’s hold harmless grace period.