Category: Top National News

Reuters, Sept. 24, 2015–Jones, Huw Global regulators meet in London on Friday to agree a rule on stopping banks being “too big to fail” by requiring them to hold enough equity capital and bonds to avoid taxpayers being called on in a crisis.

HousingWire, Sept. 24, 2015–Garrison, Trey
Average fixed mortgage rates declined following the Federal Reserve’s decision to defer a hike in the Federal funds rate, according to Freddie Mac.

RTT News, Sept. 24, 2015
U.S. new home sales continued to surge in August, as buyers took advantage of low interest rates and better employment.

Forbes, Sept. 24, 2015–Team, Trefis
The country’s largest banks have been wary of adding mortgages not originated by them to their balance sheets, with the banks reporting another sequential reduction in their third-party mortgage servicing portfolios in Q2 2015.

Reuters, Sept. 24, 2015–Varadhan, Sudarshan
Mortgage servicer Ocwen Financial Corp said it would cut 300 jobs, about 10 percent of its U.S. workforce, in Waterloo, Iowa to save costs.

Wall Street Journal, Sept. 24, 2015–Mitchell, Josh
Pocket listings-also known as “whisper” and “coming soon” listings-have been popular for years among celebrities and the wealthy seeking to shield their privacy. But they are increasingly used by a broader segment as the housing market heats up and inventory remains tight.

National Mortgage Professional, Sept. 24, 2015–Hall, Phil
The popular belief that Millennials are intentionally avoiding homeownership appears to be a myth, according to new research.

Bloomberg, Sept. 24, 2015–Duy, Timothy A.
The effectiveness of the Federal Reserve’s communication strategy is clearly questionable when the outcome of a Federal Open Market Committee meeting is considered a coin toss among economists who closely follow monetary policy.

Reuters, Sept. 24, 2015–Lange, Jason
A gauge of U.S. business investment plans fell slightly in August while the number of Americans filing new applications for jobless benefits barely rose last week, signs that global economic headwinds were doing little to impede U.S. growth.

Bloomberg, Sept. 23, 2015–Kawa, LukeDominic Konstam, global head of rates research at Deutsche Bank, said the Federal Reserve will not raise interest rates until the market is “begging for it.”