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.
The CFPB left the grace period open-ended and most in the industry interpreted that to mean that it will last throughout the rest of 2015, at least. Unfortunately, as welcome as that grace period is, TRID remains a costly and complicated fix that has enormous implications for the whole industry..
“Bad letters damage the brand,” Katherine Porter says. “There’s a contagion effect of this. I think bad letters are unjust. They disproportionately harm the borrowers we need to help the most.” Read More
The answer may be found somewhere between commandeering the entire process and “throwing it over the fence.” For lenders, paying more attention to the source of the data and information used in finalizing settlement (title searching, valuation and the like) could hold the key. This means data reporting collected in a more robust, accurate and verifiable fashion. Read More