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Here’s Why Freddie Mac Says the Mortgage Credit Box is So Tight
Housing Wire, May 17, 2016--Swanson, Brena  As the spring home-buying season struggles to lift off, people point to tight credit as one reason, with Freddie Mac Vice President of Affordable Lending and Access to Credit Danny Gardner weighing in on the discussion at the Mortgage Bankers Association Secondary Conference in New York City.
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U.S. April CPI Rose At Fastest Pace In 3 Years
Dow Jones Business News, May 17, 2016--Leubsdorf, Ben U.S. consumer prices jumped in April at the fastest pace in more than three years, propelled by rising gasoline prices, as underlying inflationary pressures continued to firm.
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U.S. Industrial Production Jumps by Most Since November 2014
Associated Press, May 17, 2016--Wiseman, Paul U.S. industrial production in April posted the biggest increase since November 2014 as utility output surged, the Federal Reserve said Tuesday.
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U.S. Housing Starts, Building Permits Increased in April
Reuters, May 17, 2016 U.S. housing starts rose more than expected in April as builders ramped up the construction of single and multifamily homes, supporting views that the economy was regaining steam early in the second quarter.
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MBA’s Stevens Calls for Faster GSE Reforms
Scotsman Guide, May 17, 2016--Whitman, Victor In a speech Monday, Mortgage Bankers Association President David Stevens said that reforms on the government-sponsored enterprises aren't moving fast enough.
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Rental Costs Continue to Surge Past Incomes
MarketWatch, May 17, 2016--Riquier, Andrea Rent price growth matched the highest since the financial crisis, another indication of the imbalance in the nation's housing market. In early May, a report called "Diverted Homeowners, the Rental Crisis and Foregone Household Formation" was released by the Mortgage Bankers Association.
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MBA Opens Doors Foundation Launches “Text-to-Give” Campaign
National Mortgage Profesional, May 17, 2016 The Mortgage Bankers Association Opens Doors Foundation announced that it is accepting "Text-to-Give" donations.
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Housing Agency Plans Mortgage Sale Reforms After Criticism
New York Times, May 17, 2016--Goldstein, Matthew Life may soon get tougher for private buyers of distressed mortgages from the federal government. HUD said on Tuesday that it would announce, possibly as soon as this week, a new set of rules governing the sale of mortgages formerly guaranteed by the government.
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The Mortgage Industry Needs More, Not Less, Oversight
Huffington Post, May 17, 2016--Navarro, Bernie The author asserts that criminal activity must be curbed while creating a transparent and level playing field in mortgage lending. Failure to do so will damage a safe environment for consumers.
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Share of Disposable Income Going to Mortgage Debt Hits Lowest Level Since 1980
HousingWire, May 17, 2016--Lane, Ben Americans are "paying more attention" to their debts in the wake of the financial crisis, and because of that increased attention, the share of consumers' disposable income that's going to mortgage debt is now at its lowest level in 35 years.
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Radian CEO Ibrahim to Retire After Leading Insurer Since 2005
Bloomberg, May 17, 2016--Chiglinsky, Katherine Radian Group Inc., the second-largest U.S. mortgage insurer, said Chief Executive Officer S.A. Ibrahim will step down at the end of next year after steering the company through the financial crisis as weaker rivals collapsed.
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Higher Rates Pose Real Risk to Industry, MBA Economist Says
National Mortgage News, May 17, 2016--Passy, Jacob Despite a weak first quarter for GDP growth, the Mortgage Bankers Association's chief economist still predicts that the Federal Reserve will raise short-term interest rates this year.
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