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A Danish Bank is Offering Mortgage Rates with Negative Interest Rates–Why You Shouldn’t Wish for that to Happen in the U.S.
MarketWatch, Aug. 12, 2019--Jacob PassyPlaces like Europe and Japan have another economic hurdle that's made negative rates possible: Their populations are aging, which means their labor force is shrinking. "That's an enormous headwind on economic growth," said Michael Fratantoni, chief economist at the Mortgage Bankers Association, a trade group that represents the home-loan industry. "That keeps interest rates extraordinarily low."
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Fed Considers New Tool for a Downturn
Wall Street Journal, Aug. 12, 2019--Lalita Clozel (subscription)The countercyclical capital buffer would require banks to hold more capital should the economy show signs of overheating.
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Lower Mortgage Rates Aren’t Boosting U.S. Housing
Bloomberg, August 12, 2019--Danielle DiMartino-BoothThe residential real estate market is less affordable now than any time since before the financial crisis. (MBA mention)
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New Villain in Battle over CFPB Mortgage Rule: Appendix Q
American Banker, Aug. 12, 2019--Kate Berry (subscription)Mortgage lenders are urging the Consumer Financial Protection Bureau to overhaul a set of little-known guidelines for how they document a borrower's creditworthiness.
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Half of Homebuyers with Kids Base Purchase on School District
HousingWire, Aug. 12, 2019--Alcynna LloydReport says proximity and quality of nearby schools play a large role for homebuyers with children.
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