Items Tagged with 'Navy Federal Credit Union'

ARTICLES

  • Housing starts fall for third consecutive month

    July housing starts fall 4%, led by a 17% plunge in multifamily
    Housing starts fell 4% in July to a seasonally adjusted annual rate of 1.191 million, led by a 17% plunge in multifamily starts, according to the Department of Housing and Urban Development and the Department of Commerce. TIAA Bank Executive Vice President John Pataky said the number missed expectations for the third month in a row, extending what has been a disappointing run for the housing market.
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  • New home sales rise in June after two months of declines

    Sales gain 7% after downward revisions to three prior months
    Sales of new homes increased to an annualized rate of 646,000 in June after two months of declines, according to the Census Bureau and the Department of Housing and Urban Development. June’s rate was 7% higher than May’s downwardly revised rate of 604,000 and 4.5% higher than a year earlier when it was 618,000. TIAA Bank Executive Vice President John Pataky said a rate cut at the Federal Reserve’s FOMC meeting next week might boost the market.
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  • Housing starts slid further in June as rising construction costs weakened the market

    Housing starts fall 0.9% in June
    Rising construction costs and a growing shortage of skilled labor contributed to housing starts falling further in June, according to the latest report from the U.S. Department of Housing and Urban Development and the U.S. Department of Commerce. According to the analysis, housing starts fell 0.9% in June 2019 to a seasonally adjusted annual rate of 1.253 million units.
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  • Navy Federal launches digital mortgage platform with help from Blend

    World’s largest credit union now accepting digital mortgage applications
    The world’s largest credit union is joining the growing list of lenders that are taking the mortgage process digital. Navy Federal Credit Union announced Monday that it is launching a digital mortgage application platform that offers borrowers the opportunity to receive a loan preapproval “instantly” in some cases, submit loan documents electronically, track their loan status online, and more.
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  • Housing starts decline in May, signaling a slowdown in production

    Housing starts fall 0.9% in May
    Housing starts reversed course in May, signaling a slowdown in production, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce. Navy Federal Credit Union Economist Robert Frick said another weak housing report shows the housing industry is far from producing homes at a rate to satisfy demand.
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  • Recession fears diminish as the nation approaches a Goldilocks economy

    This is what experts say Q1's GDP growth means for the nation's economy
    For months, several reports indicated the U.S economy was quickly approaching what many feared to be a recession. However, Friday’s Gross Domestic Product report produced by the Bureau of Economic Analysis signaled the economy was strengthening. So, why are economists citing Goldilocks?
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  • Falling mortgage rates propel 4.5% growth in new home sales

    Sales rise 3% above 2018 levels
    In March, new home sales rose 4.5% from February’s revised rate of 662,000, according to the latest report from the Census Bureau and the Department of Housing and Urban Development. Despite this growth, Navy Federal Credit Union Corporate Economist Robert Frick says there are still far too few homes being built.
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  • Here are the best workplaces in financial services

    Fortune ranks the best of the best
    Fortune and Great Place to Work have released the winners of this year’s award for the best workplaces in financial services, featuring companies both large and small that are known for valuing their employees and championing innovation. Here are the companies operating in the mortgage space that made the cut.
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  • Housing starts heat up in January, climb whopping 18.6%

    Housing starts increase to 1.23 million in January
    Housing starts significantly heated up in January, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce. First American Chief Economist Mark Fleming said the 18.6% monthly increase in housing starts reflects rising consumer sentiment and builder confidence.
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