Top 10 fastest growing cities in the nation

Top 10 fastest growing cities in the nation

Most already home to thousands of millennials

3 reasons why California housing is about to go bust

The money is drying up

Here's where expert economists think housing is going

Where will we be in 2019?
W S

Investments

Call to end Treasury secrecy on Fannie and Freddie gets louder

Treasury continues to fight discovery, open records in lawsuits
Trey Garrison
A coalition of 17 conservative and free-market public policy groups sent a letter to the ranking members of the House Finance Services Oversight and Investigative Subcommittee urging them to demand more transparency and accountability regarding the “Third Amendment Sweep” of the six-year GSE conservatorship agreement from the U.S. Treasury.
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Obama administration making more big promises on housing

More plans coming to fix struggling communities
Trey Garrison
U.S. Department of Housing and Urban Development Secretary Julián Castro will join Department of Agriculture Secretary Tom Vilsack, Department of Transportation Secretary Anthony Foxx, Senator Bob Casey of Pennsylvania and Congressman Gary Peters of Michigan for a press call Friday at 11 a.m. ET to discuss the next round of Promise Zone applications.
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Fitch: Rise of nonbank servicers threatens private-label RMBS

Top five nonbank servicers now handle 64% of all private-label securities
Ben Lane
The rise of nonbanks presents heightened risks to investors, Fitch Ratings said in a new report. “In contrast to large commercial bank servicers, most nonbank servicers, including most of the current top five, have a weaker financial profile and are currently rated non-investment grade or are not publicly rated by Fitch.”
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Housing start woes go deeper than single-month drop

Analysts still see silver linings in the long term
Trey Garrison
With news Thursday that privately owned housing starts plunged 14.4% in August, many were left scratching their heads at how starts could have printed so poorly.
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Initial jobless claims beat expectations, down to 280K

Weekly claims lowest since 2000
Trey Garrison
Initial jobless claims dropped to 280,000 for the week ending Sept. 13, dramatically better than expectations of 305,000, the lowest since 2000.
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Housing starts nosedive 14.4% in August

Below analyst expectations despite coming off a heated July
Trey Garrison
After a hot July print, housing starts were expected to slow a bit, but nothing like this.
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American mobility at historic low and not changing soon

People are staying in place longer and fewer are moving
Trey Garrison
The U.S. Census Bureau’s current population survey released on Tuesday shows that mobility is flat — at the same low level of 11.7% as the year before.
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FOMC: Tapering quickly coming to a close

Tapers another $10 billion
Brena Swanson
Tapering is likely to end at the next Federal Open Market Committee meeting, according the latest September minutes. In the latest meeting, the committee decided to taper another $10 billion.
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3 reasons why California housing is about to go bust

The money is drying up
California is perhaps one of the most important states in mortgage finance. So much of the mortgage finance world is based in California and, like Texas, the industry is a huge source of employment for workers of varying levels of education. But, trouble could be brewing.
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NAHB: Homebuilder confidence hits 9-year high

Builders optimistic even with mortgage apps at 14-year low
Trey Garrison
Mortgage applications and home sales figures aren't deterring homebuilders, who think they have some solid reasons to be confident in the market going forward — as confident as they were in 2005, no less.
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