Reverse Mortgage Daily, Sept. 29, 2015–Oliva, Jason
The Consumer Financial Protection Bureau’s controversial consumer complaint database could be the agency’s undoing if proper oversight is not put into place, says Mortgage Bankers Association (MBA) President and CEO David Stevens.
Politico, Sept. 28, 2015–Prior, Jon
Interviews with more than 20 housing counselors, Legal Aid lawyers and government prosecutors in states hard hit by the real estate crisis that followed the 2007 financial meltdown reveal that the nation’s top lenders are violating the settlement and rules put in place last year by the Consumer Financial Protection Bureau.
Wall Street Journal, Sept. 25, 2015–Derby, Michael S.; Hilsenrath, Jon
Federal Reserve Bank of New York President William Dudley said Monday he continues to believe the U.S. central bank will be able to boost borrowing costs this year, saying the decision will be driven by a broad array of considerations.
National Mortgage Professional, Sept. 28, 2015–Hall, Phil
New data reports finds a housing market where home prices and loan delinquencies are quite different from a year ago, but the persistent question of affordability options is being challenged in a new study that calls for more so-called “inclusionary housing” in new real estate developments.
Origination News, Sept. 28, 2015–Clozel, Lalita
In this slowing economic recovery, the housing market is showing signs of resilience but still faces long-term challenges, according to a report from Stifel Nicolaus & Co.
HousingWire, Sept. 28, 2015–Swanson, Brena
Brooklyn’s housing market is on fire, with rentals spending a median of 18 days on the market in August, a record low for the year, StreetEasy’s August market reports for Manhattan and Brooklyn said.
Bloomberg, Sept. 28, 2015–Clark, Patrick
Millennials are dominating the Des Moines housing market. That’s an odd piece of information that seems a little less odd-and a little more important-the longer you ponder it.
Reuters, Sept. 29, 2015–Cowan, Richard
Congress is poised to rush legislation to President Barack Obama this week that would inject fresh funds to federal agencies, avoiding a government shutdown on Thursday with the start of a new fiscal year.
Reuters, Sept. 28, 2015–Lange, Jason
U.S. consumer spending grew briskly in August and a key measure of inflation firmed a bit, signs of strength in America’s domestic economy that could lead the Federal Reserve to tighten interest rates despite weakness abroad.
Urban Institute, Sept. 28, 2015–Magder, Dan; Goodman, Laurie
Nineteen million families in the United States currently pay more than half their income in rent. A predicted 13 million families will become renters over the next 20 years while the supply of affordable housing is shrinking.
