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.
HousingWire, Sept. 28, 2015–Garrison, Trey
MBA President and CEO David Stevens says the Consumer Financial Protection Bureau’s complaint database foments disinformation and has failed to take steps to correct these issues.
New York Times, Sept. 28, 2015–Goldstein, Matthew
Private equity and hedge fund firms have bought more than 100,000 troubled mortgages at a discount from banks and federal housing agencies, emerging as aggressive liquidators for the remains of the mortgage crisis that erupted nearly a decade ago.
National Mortgage News, Sept. 28, 2015–Berry, Kate
JPMorgan Chase has nearly stopped making home loans insured by the Federal Housing Administration. Most large banks have curtailed FHA-backed loans in the past two years because of concerns about credit and legal risks.
