The Federal Open Market Committee, as expected, cut the federal funds rate by 25 basis points following conclusion of yesterday’s policy meeting.
Category: News and Trends
3Q GDP Advance Estimate Slows to 1.9%
Real gross domestic product increased at an annual rate of 1.9 percent in the third quarter, marking a continued trend of slowing economic growth, the Bureau of Economic Analysis reported in its first (advance) estimate yesterday.
Residential Briefs
Home price appreciation has accelerated across the United States, according to a new historical home price index announced by Radian Group Inc, Philadelphia.
Joe Ludlow of Advantage Systems on the Long Road to Embracing Technology
Joe Ludlow is Vice President for Irvine, Calif-based Advantage Systems, a provider of accounting and financial management tools for the mortgage industry.
‘Zombie’ Properties Fall Below 3%
ATTOM Data Solutions, Irvine, Calif., said 1.527 million U.S. single-family homes and condos were vacant in the fourth quarter, representing 1.5 percent of all U.S. homes.
Steve Ozonian of Williston Financial Group on Fraud and Security
Steve Ozonian is President and CEO of Williston Financial Group, Portland, Ore.
October Consumer Confidence Edges Down
The Conference Board, New York, said its Consumer Confidence Index decreased marginally in October, the third straight monthly decrease.
Home Price Increase Rate Continues to Slow
Home price gains slowed to an annual rate of 3.2 percent in August, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
Today at MBA Annual19
AUSTIN, TEXAS–The Mortgage Bankers Association’s Annual Convention & Expo concludes here at the Austin Convention Center with the Closing Session (9:00 a.m. CT): The Last Word – Ideas and Innovation for 2020 and Beyond.
MBA Urges Senate Passage of FY2020 THUD Appropriations
With the Senate expected to vote today on a key HUD fiscal 2020 appropriations bill, the Mortgage Bankers Association sent a letter to Capitol Hill urging the bill’s passage.