The Lede
Top National News
Americans Still Feel Locked Out of Homeownership by Money Woes
NBC News, Feb. 9, 2016--White, Martha
Years into the economic and housing market recovery, financial woes still bar a significant number of Americans from achieving homeownership.
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Negative Bond Yields in Japan Reflect Lack of Alternatives
Wall Street Journal, Feb. 9, 2016--Landers, Peter
As of Tuesday, investors were receiving a minus 0.025% yield on the benchmark 10-year Japanese government bond. That means an investor who lends the government 10,000 yen for 10 years has to pay the government 2.5 yen a year just to earn the right to make the loan.
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OCC Lifts Mortgage Servicing Restrictions on U.S. Bank, Santander
Housing Wire, Feb. 9, 2016--Lane, Ben
The Office of the Comptroller of the Currency announced Tuesday that it is terminating mortgage servicing-related consent orders against U.S. Bank National Association and Santander Bank, lifting the mortgage servicing restrictions placed on both banks last year due to failure to comply with requirements of the Independent Foreclosure Review.
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Low-Wage Workers Say Homes Too Pricy Under de Blasio Affordable Housing Plan
New York Daily News, Feb. 9, 2016--Durkin, Erin
A group of low-wage workers hit Mayor de Blasio's affordable housing plan Monday, as top administration officials defended the plan.
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Voluntary Job-Quitting Hits Highest Level in Nine Years
Wall Street Journal, Feb. 9, 2016--Sparshott, Jeffrey
The number of Americans who voluntarily quit their jobs climbed to a post-recession high in December, suggesting workers are confident about their employment prospects, the Labor Department's Job Openings and Labor Turnover Survey reported.
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Economic Tumult to Color Janet Yellen’s House Testimony
Wall Street Journal, Feb. 9, 2016--Leubsdorf, Ben
When Federal Reserve Chairwoman Janet Yellen speaks publicly Wednesday for the first time in eight weeks, she'll assess a mixed economic landscape that has made officials more cautious about raising interest rates again next month.
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TRID Scuttling Revival of Private-Label Securitizations
National Mortgage News, Feb. 9, 2016--Berry, Kate
Many institutional investors are refusing to purchase mortgages loans until they get assurance from the Consumer Financial Protection Bureau that they won't have to pay for others' mistakes. Their pullback could further the slow the issuance of private-label mortgage bonds this year, a huge concern at a time when the majority of home loans are insured by Fannie Mae, Freddie Mac and the FHA.
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CFPB Corrects Error in TRID Rule
HousingWire, Feb. 9, 2016--Lane, Ben
According to the Consumer Financial Protection Bureau's addendum, the supplementary information states that "property insurance premiums, property taxes, homeowner's association dues, condominium fees and cooperative fees" are "subject to tolerances," when it should read that those fees are "not subject to tolerances."
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Stuggling Oil Industry Impacts Families, Real Estate
KHOU (Houston), Feb. 9, 2016--Barr, Alice
The low price of oil is bringing on more uncertainty for a big chunk of Houston's economy. Thousands of layoffs have rocked the oil and gas industry, and there's no clear picture of when things could get better.
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CalPERS Makes Huge New York Real Estate Deal
Sacramento Bee, Feb. 9, 2016--Kasler, Dale
CalPERS completed one of the biggest real estate investments in its history, purchasing a New York office tower for $1.9 billion.
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Why Are There so Many Scumbags in Real Estate?
Huffington Post, Feb. 9, 2016--Nussenbaum, Max
Pop quiz: what do real estate agents have in common with car salesmen, telemarketers, and members of Congress? Answer: They're among Americans' least-trusted professions, according to a recent Gallup poll.
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