The recent low jobs report and Brexit decision could cause economic uncertainty. However, a recent report from Capital Economics shows there is nothing to fear. In fact, the economy is nearing full employment and GDP continues to increase.
The likelihood of a Federal Reserve interest rate hike in 2015 just got even more unlikely, with September job creation cratering to a weak 142,000, well below analyst expectations. Here's what it means for housing and what it portends for the larger economy.
Employers stomped on the brakes in March, adding a mere 126,000 jobs and dragging the monthly average for the first quarter down to less than 200,000 per month. Think the Fed will hike rates if the downtrend continues?
One media report quoted DeMarco as saying that in the past year we have seen a renewed policy focus on questions regarding access to credit, which, in his view can risk repeating the approach that contributed to the financial crisis. There are many other warning signs, as well.
Is there a housing bubble forming? Where are home prices heading? What about starts? What are the growth prospects for non-agency? Housing experts at ABS Vegas offered their answers, and now you can read them.
The small uptick this past month may be another positive sign that a strengthening economy is bringing discouraged workers back into the workforce, but workforce participation does remain below the 2010-2014 average. Here are the details.
While other state and federal regulatory bodies overlap in their regulation of the mortgage industry, the very particular consumer focus of the CFPB is not duplicated by any other body. Will deregulation mean a return to the Wild West lending atmosphere that led to the financial crisis? What happens next? We asked John Socknat, partner at Ballard Spahr, to weigh in on what mortgage lenders and servicers can expect from a Trump administration.
Amid the potential new direction from the White House, Congress and regulators, leadership in our industry is more important than ever. Which is why HousingWire is proud to present the 40 winners of our 2016 Vanguard award. These leaders from all segments of the mortgage ecosphere demonstrate that our industry is more than capable of meeting the challenges that lie ahead.
The marketplace is full of hard and private money lenders — it will come down to who can best assist investors in completing their goals, whether that be by providing quicker close times, or with more accurate valuations. With how many options there are for borrowers, lenders will need to start competing for marketshare as borrowers shop their situations to multiple lenders, leveraging the offers against each other. This process will force lenders to update their guidelines, or be forced out of the market.