Items Tagged with 'Housing Economy'

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Plan B: loanDepot closes on $150M in capital transaction

Latest capital move after cancelled IPO
Nearly one year after it postponed its initial public offering due to market conditions, loanDepot announced it went a different route to gain capital. This time around, loanDepot said it closed $150 million in term debt financing. But while the method to get the capital changed, the purpose hasn't.
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Here's how to fix the appraiser shortage

Changing mentorship requirement is one crucial step
The fact is we are on the verge of a major appraiser shortage unlike any I have seen in my 30 years in the business. Unless this trend is stopped, the quality of appraisal values will eventually decline and public trust in the housing economy could once again fall apart. So what can be done?
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[video] Five years in, Zillow CEO explains how it achieved record growth

Spencer Rascoff: "I think five years from now, we'll be even prouder"
The more time passes, the more complex Zillow Group's earnings report becomes, adjusting for big-ticket items like its Trulia acquisition and its legal battle with Move/News Corp. To help digest the numbers, CNBC interviewed Zillow Group CEO Spencer Rascoff to get a better grasp of the company's record revenue and growth.
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Home sales are rising, so why isn't inventory going up?

First-time homebuyers play a key role
Two facts stand out in today’s housing market: rising home sales and flat/falling inventory. But if people are buying more homes, why aren’t there more homes for sale? Genworth Mortgage Insurance's chief economist explains what exactly is going on and what it means for first-time homebuyers.
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Despite "largely positive" news, FOMC holds on raising interest rates in July

Next meeting scheduled for September
The Federal Open Market Committee chose to forgo raising the federal funds rate in its latest July meeting as the market starts to recover from the initial impact of Brexit. The news, however, appeared more upbeat, leaving people to question what will happen in the next meeting. As it stands, there are only three meeting left this year.
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Fitch: Brexit to bring another tough round of earnings

Blame MSRs…again
Remember this year's rough first-quarter earnings season thanks to historically low interest rates? Well, according to a new report from Fitch, the market might experience it all over again. This time Brexit is to blame. It's not bad for everyone though. Fitch pinpointed that this group will get hit the worst.
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Consumer sentiment down even before Brexit news

Drops in June
Just hours after the news that British voters decided to leave the European Union, the U.S. released its monthly consumer sentiment report for June, revealing that consumers already had a slightly dimmer view of the economy before the Brexit news.
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