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.
"If you look at what we do, fundamentally, MERS is the mortgagee on behalf of the investor and its assigns, it’s not a whole lot more complicated than that. And that role as an agent is well rooted in the laws of this country. So when you get down to it, and when we get challenged, we typically prevail. We simply take away all the clutter and present what we do, and what the laws actually say, and we get there," MERS CEO Beckmann said in an exclusive profile only in HousingWire magazine..
The CFPB is currently paying close attention to the individuals/small players, as well as the larger institutional mortgage companies. With respect to the small players, the CFPB is looking at the loan officer, real estate agent and developer. A common violation that these smaller firms or individuals commit, in addition to possible violations resulting from social media posts, stems from agreements among themselves. Read More
Ladies and gentlemen, it’s been some time since the mortgage bond world felt shaken to the core. But shaken, right now, it feels, according to several recent conversations I’ve had on the subject. Read More