"The job market is steadily improving. Job gains are broad based across all industries and company sizes. Judging from the job market, the economic recovery remains fully intact and is gaining momentum,” Mark Zandi, chief economist of Moody’s Analytics, said.
A full-blown housing recovery could push the nation closer to full employment, but a confluence of factors have made this an illusory goal, researchers claim in a new report from Moody’s Analytics and the Urban Institute.
The U.S. Senate Committee on Banking, Housing and Urban Affairs held an open hearing Thursday to push forward with housing finance reform. The only problem is while most lawmakers know it's needed, a comprehensive, linear and widely accepted solution has yet to gain major traction in Congress.
With its largest quarter-over-quarter drop since the credit crisis began, shadow inventory fell from 3.28 million loans in the first quarter of 2013 to 2.99 million in the second quarter, a 35% drop on an annualized basis.
Mark Zandi, chief economist for Moody’s Analytics, is a rumored candidate to head the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac.Sitting FHFA director Ed DeMarco has been at the center...
Melvin Luther Watt quietly slid into his office as the first appointed director of the Federal Housing Finance Agency. It was the end of last year, in mid-December. Christmas was coming and the markets were in the middle of the harshest winter in years. As he took over the office of Acting Director Ed DeMarco — himself the unassuming lightning rod for the nation’s housing policy — Watt gave no indication of what he intended to do with his new position; arguably the most powerful job in mortgage finance..
Crowdfunding has swept through large verticals of consumer finance, including student loans and credit card debt. And so, naturally, in a market of rising property values, the real estate market is the latest frontier for crowd-based financing. Read More
Like oxygen, warehouse lending is one of the mortgage industry’s essential life-supporting elements. And fortunately, the warehouse segment is in much better health today than it was six years ago, as we are back up to around 70 warehouse lenders at my last count. Read More