In its “The Economy Next Week” report published Friday, Nomura’s analysts predict that the U.S. gross domestic product will grow 1.5% year-over-year in 2014 and will more than double that growth (3.1%) in 2015.
Economists with the California Association of Realtors were thrown a challenging question: what would happen if the government shutdown continues for longer than anticipated? C.A.R.'s answer put simply: the housing recovery would take a critical hit.
The U.S. government left its estimate for economic growth in the second quarter unchanged this week. Meanwhile, prices for goods and services purchased by U.S. households fell for the first time in four years.
The U.S. economy is moving along at a faster pace, with gross domestic product growing at a 2.5% annual rate for the second quarter. While this makes a stronger case for winding down QE, unemployment remains stubbornly high.
One by one, they filed into the city council chambers. They took their seats and waited their turn, and once there weren’t any seats left, they moved to the seldom-used overflow seating. When the overflow seating filled, they moved to the civic center so they could watch the meeting on a closed-circuit feed..
It’s a new world, and in this new world, data is more crucial than ever. Getting the best data possible, and then being able to interpret that data to improve performance, will be a competitive edge that no company in the mortgage finance space can do without in the current environment of volume contraction. Read More
Only seven or eight years ago, mortgage fraud was one of the top stories in the industry. It was quite common to see stories estimating losses in the millions, with some experts suggesting that these numbers were only the tip of the iceberg. Lenders and their partners scrambled to strengthen their fraud-prevention strategies. Read More