The Lede
Top National News
A New Name of the Game at Nationstar
Wall Street Journal, Mar. 29, 2016--Light, JoeNationstar Mortgage Holdings Inc., which made its name servicing delinquent loans, this summer plans to rename itself "Mr. Cooper." Foreclosure sales company Auction.com in January rebranded as "Ten-X." Mortgage-services firm Altisource Portfolio Solutions last year bought rental-data firm RentRange and real-estate-investment website Investability.
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Radius financial group Launches MBA Opens Doors in Massachusetts
HousingWire, Mar. 28, 2016--Barraza, Cynthia
Mortgage lender radius financial group is partnering with the Mortgage Bankers Association to launch the Opens Doors Foundation in Massachusetts, supporting families who have children at Boston's Children's Hospital.
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How Millennials and Low-Income Consumers Are Propping Up the U.S. Economy
Wall Street Journal, Mar. 29, 2016--Morath, Eric
Consumer-spending growth allowed the U.S. economy to dodge contraction territory late last year, and the source of strength was not the wealthy, but rather low-income consumers and millennials.
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Yellen: Fed Should Proceed with Caution on Future Interest Rate Hikes
HousingWire, Mar. 29, 2016--Swanson, Brena
All eyes were on Federal Reserve Chair Janet Yellen during her speech to the Economic Club of New York to see if she would give any insight on when the Fed would raise interest rates.
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Another Condo Bust Looms in Miami
Wall Street Journal, Mar. 29, 2016--Kusisto, Laura
Miami is facing a condo bust-again. Developers have started canceling projects, slashing prices and offering incentives such as private-jet access to spur sales, an ominous echo of the housing crash that pounded South Florida especially hard.
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How Policymakers Can Help More Millennials Become Homeowners
Washington Post, Mar. 29, 2016--Fox, Jonathan
It's tougher today for younger people in Washington than in generations past to obtain a stake in the system, which typically spells trouble for any economic model. An inclusive market is the only market that will bring prosperity to all.
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CFPB Sees Surge in Debt Collection Complaints from Military Members
National Mortgage News, Mar. 29, 2016--Tymesen, Tana
Military families and service members are submitting debt collection complaints to the Consumer Finance Protection Bureau at twice the rate of other consumers.
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