DSNews BY: Scott Morgan February 15, 2016 Not everyone thinks the economy is as bad off as doomsayers have been saying lately. In fact, William Dudley, president and CEO of the Federal Reserve Bank of New York, says the expansion we’ve experienced for the past seven years has put American homeowners in a much better […]
Category: Economy
Economist: TRID is Not Affecting Housing Market Potential
Economist: TRID is Not Affecting Housing Market Potential DSNews by: Brian Honea January 19, 2016 While November’s substantial decline in existing-home sales was largely attributed to the impact of the TRID, or “Know Before You Owe” mortgage rule, which went into effect on October 3, one economist said the CFPB’s controversial rule is […]
One Rate Hike Down; How About Another?
One Rate Hike Down; How About Another? DSNews by: Xhevrije West January 8, 2016 Many in the mortgage industry were anxiously waiting to view the results of the first jobs report of 2016 to see if the Federal Reserve was on track with the timing of its long-awaited December rate hike or if the central bank acted […]
The Week Ahead: Housing Policy and the State of the Union Address
The Week Ahead: Housing Policy and the State of the Union Address DSNews by: Brian Honea January 10, 2016 Here’s a look at the news and events that will shape housing and mortgage finance in the week ahead for DS News. On Tuesday, January 12, President Barack Obama will deliver his eighth and final […]
How Successful Has TARP Been After Seven Years?
DSNews BY: Brian Honea January 2, 2016 Saturday, October 3, 2015, marked the seven-year anniversary of then-President George W. Bush signing the government’s Troubled Asset Relief Program (TARP) into law in order to help stabilize financial markets and restore Americans’ confidence in the economy. TARP became law in 2008 at the depth of the financial […]
Ask the Economist: Why Raise Rates Now?
DSNews BY: Brian Honea December 14, 2015 Dr. Frank Nothaft joined CoreLogic in January 2015 as SVP and chief economist. Prior to joining CoreLogic, Nothaft worked at Freddie Mac, where he was chief economist and a prominent housing and mortgage market expert for more than 25 years. He frequently appears on radio and television […]
Borrower Outreach Events Proving Successful at Preventing Foreclosures
DSNews BY: Brian Honea November 17, 2015 Foreclosures have been continually on the decline nationwide for a few years. While much of the decline can be attributed to a recovering economy, another driver of the drop in foreclosures is increased borrower outreach efforts from various organizations. Borrower outreach events include HUD-approved housing counselors and mortgage […]
Majority of Americans Unconcerned Over Fed’s Rate Increase
Majority of Americans Unconcerned Over Fed’s Rate Increase DSNews by Scott Morgan January 20, 2016 In a recent survey which asked consumers how they felt about the effect of the Federal Reserve’s recent rate hike on the economy, more than half of respondents (56 percent) were not concerned—Any worries expressed over the Federal Reserve’s recent […]
Single-Family Rental Market Experiencing Shift Toward South and Midwest
DSNews By: Xhevrije West CoStar, a research organization, reported that single-family rental (SFR) property acquisition is geographically shifting as home prices stabilize and credit conditions ease. Institutional investors have also become more selective in which properties to buy and are more focused on managing their properties, collecting rents, and improving operations. Morgan Stanley, an investment […]
Outlook for Housing and Economy Remain Positive Despite Q1 GDP Contraction
DSNews by: Brian Honea In its second of three estimates of real gross domestic product (GDP) growth for the first quarter released Friday, the U.S. Bureau of Economic Analysis (BEA) issued a downward revision of what analysts had already deemed “paltry” growth of 0.2 percent in the advance estimate for Q1 reported at the end of April. […]
