What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

InvestmentsReal Estate

Another sign of a slowing economy: GDP growth is revised downward

Economy grew just 2.2% in the fourth quarter, revealing slow start to 2019

Gross domestic product grew 2.2% in the fourth quarter of 2018, coming in less than the estimated 2.6% and serving as yet another sign of a looming economic slowdown.

This is also less than the third quarter’s GDP growth, which totaled 3.4%, according to the latest data from the Bureau of Economic Analysis.

On the whole, 2018 was a strong year for U.S. economic growth, with 8.2% growth in the first quarter and 2.1% in the second, and an annual growth of 2.9% – the strongest growth since 2015.

But it appears to have lost some momentum heading into 2019.

Why the backslide?

Blame a slowdown in business and consumer spending, state and local government spending and investment in homebuilding, the Commerce Department said.

That said, solid performance of personal consumption, non-residential fixed investment, federal spending and exports contributed to the growth rate in Q4.

Current dollar GDP increased 4.1% in Q4 compared with 4.9% in Q3.

The gross domestic price index increased 1.7% compared with 1.8% the previous quarter.

And finally, personal consumption expenditures increased 1.8% compared with 1.6% in Q3.

 

 

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FHFA extends forbearance period to 18 months

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