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Office Sector to Deliver Strong Performance in 2016
National Real Estate Investor, Mar. 9, 2016--Bell, Diana Investors should keep the office sector on their radars, as metrics from a number of research and investment firms point to a strong performance in the years ahead.
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Houston, We Have A Problem: How Dwindling Oil Prices Hurt Houston’s Commercial Real Estate Market
Forbes, Mar. 9, 2016--Razin, Eli Plummeting crude oil prices--which slid more than 70 percent since June 2014--has been bad news for oil industry hotspots like Houston, where the energy industry downturn affected commercial real estate, particularly the office sector.
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Mortgage Applications Eke Out 0.2% Gain
CNBC, Mar. 9, 2016--Olick, Diana It is fast becoming a tale of two mortgage markets, as interest rates move sideways and refinances dry up. Total mortgage application volume increased 0.2 percent last week on a seasonally adjusted basis, according to the Mortgage Bankers Association.
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MGIC: Primary New Mortgage Insurance Grows 5.5% from Last Year
HousingWire, Mar. 9, 2016--Thompson, Kelsey Primary new mortgage insurance grew 5.5% from last year, inching up from $165.8 billion to $174.9 billion, MGIC Investment's February operational summery of its insurance subsidiaries for its primary mortgage insurance reported.
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More and More People are Renting. Thank the Suburbs
Wall Street Journal, Mar. 9, 2016--Kusisto, Laura Renting is less and less confined to the high rises of Manhattan or brick-apartment blocks of downtown Chicago and spreading further into the single-family homes of the American suburbs.
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Wages Grew 4% or Faster in One in Eight Large U.S. Counties
Wall Street Journal, Mar. 9, 2016--Morath, Eric Pay for workers in more than one in eight large U.S. counties rose faster than 4% in the third quarter of 2015 from a year earlier, showing pockets of the country are experiencing outsized gains amid tepid overall growth.
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The Yin-Yang Housing Market?
National Mortgage Professional, Mar. 9, 2016--Hall, Phil The latest industry data offered a classic case of yin-yang, with good news and bad news in an equal balance.
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Radian Names New Clayton President, Replacing D’Urso
National Mortgage News, Mar. 9, 2016--Peters, Andy Radian Group named Jeff Tennyson interim president for its Clayton Holdings unit after its previous president quit.
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Big Banks Paid $110 Billion in Mortgage-Related Fines. Where Did the Money Go?
Wall Street Journal, Mar. 9, 2016--Rexrode, Christina; Glazer, Emily Of $109.96 billion of federal fines related to the housing crisis since 2010, roughly $50 billion ended up with the U.S. government with little disclosure of what happened next.
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California Public Pension System, Moody’s Agree on $130 Million Settlement for Failed Mortgage Deals
Retuers, Mar. 10, 2016--Mukherjee, Aurindom California's public pension system, Calpers, said it reached a $130 million settlement with Moody's and Moody's Investors' Service to resolve a case involving inflated grades of residential mortgage deals that later faltered.
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CFPB Director: Mortgage Credit is “Still Too Tight, In My View”
DS News, Mar. 9, 2016--Honea, Brian Consumer Financial Protection Bureau Director Richard Cordray called attention to the mortgage industry, particularly lenders, in a speech on Wednesday, where he highlighted some of the progress and pitfalls that the housing market faces.
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This Spring, Expect Higher Home Prices
Wall Street Journal, Mar. 9, 2016--Martin, Anya As winter draws to a close, homeowners coming out of hibernation are looking for new homes. And those who sleep too late can expect to pay top dollar for the house they want.
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PHH Hires Advisors to Explore Strategic Alternatives
National Mortgage News, Mar. 9, 2016--Finkelstein, Brad PHH, which lost $145 million in 2015, has hired Credit Suisse and JPMorgan to help it review all of its options, including capital allocation, to maximize shareholder value.
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Private-Label Securities Market Languishes at 90% Off Peak
HousingWire, Mar. 9, 2016--Swanson, Brena The private-label securities market stands nowhere close to where it used to over the past eight years. The Urban Institute addresses in a blog what's going on in the PLS market, along with the areas that need still need a lot of groundwork in order to revive the market.
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MBA Premier Member Profile: Milliman Inc.
Milliman Inc., Seattle, is dedicated to delivering customized and cost-effective solutions to measuring and managing the unique risks associated with originating and servicing mortgages, providing credit enhancement and conducting risk share analytics.
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