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U.S. Housing Supply a ‘Major Challenge’ Says Former Fannie Mae CEO
Bloomberg News, Sept. 20, 2019Blend President and former Fannie Mae CEO Tim Mayopoulos called the U.S housing supply a "major challenge."
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Fed Officials Explain Dissents From Rate Cut
Wall Street Journal, Sept. 20, 2019--Paul Kiernan, Michael S. Derby (subscription)James Bullard, president of the Federal Reserve Bank of St. Louis, said Friday he wanted a bigger rate cut than the quarter percentage-point move the central bank delivered. In a separate statement, Boston Fed leader Eric Rosengren said lower rates are unwarranted now and could bring on financial instability.
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Zillow Partners with Homebuilders to Marry iBuying and Newly Built Home Buying
HousingWire, Sept. 20, 2019--Ben LaneHomeowners who want to sell their existing home and buy a newly built home can now do so all in one transaction and wait as long as eight months to move out, thanks to a partnership between Zillow and nearly a dozen homebuilders.
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More Baby Boomers Are Living in Multigenerational Housing
Bloomberg, Sept. 20, 2019--Arianne CohenA 2018 Columbia University study found that healthy adults who reside in multigenerational housing live longer. And a Pew Research Center analysis last year found that Americans are increasingly residing multigenerationally-20% of Americans live in a home that includes adults from two or more generations, up from 12% in 1980. Developers have taken note.
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Fannie, Freddie Poised to Keep Profits in an Initial Privatization Move
Wall Street Journal, Sept. 22, 2019--Andrew Ackerman (subscription)Mortgage-finance companies Fannie Mae and Freddie Mac are expected to start keeping their earnings as early as this week, pausing a yearslong arrangement in which they handed nearly all of their profits to the Treasury Department.
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The Future of Digital Mortgages: ‘It’s a Little Bit Like Burger King’
National Mortgage News, Sept. 20, 2019--Paul Centopani (subscription)With the mortgage industry inching closer to full digitization, lenders need to strike the right balance of man-versus-machine as borrowers still look to leverage human interaction during the origination process.
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Trump’s Fed Tweets Shown to Have ‘Significant’ Effect on Trading
Bloomberg, Sept. 23, 2019--Simon KennedyPresident Donald Trump's Twitter attacks on the Federal Reserve are prompting investors to bet the central bank will bow to political pressure and lower interest rates, according to a new study.
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