Items Tagged with 'rising interest rates'

ARTICLES

  • Home builders: Baby Boomer home sales disappoint

    Data suggests more Boomers are staying put
    Builder confidence in the housing market for those 55 years of age and older is slipping, highlighting a recent trend showing that Baby Boomers staying put rather than downsizing. According to the latest Housing Market Index from the National Association of Home Builders, sales of single-family homes to those 55 and older declined seven points the third quarter.
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  • Bloomberg: Trump taking shots at the Fed, again

    Trump publicly expresses displeasure with decision to increase interest rates
    President Donald Trump is back at it, taking shots at Federal Reserve Bank Chair Jerome Powell. Bloomberg reports that according to the three people present at a fundraising event in the Hamptons, Trump complained to wealthy Republican donors at a fundraiser in the Hamptons that Powell was raising interest rates.
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  • Canary in the coal mine? Impac mortgage originations plummet in second quarter

    Originations fall 42% from last year thanks to rising rates
    Mortgage interest rates may have fallen ever so slightly in the last week, but on the whole, they’re on the way up and have been for quite some time. And the rising interest rate environment is hitting one lender quite hard. Impac Mortgage, which also operates CashCall Mortgage, revealed late Wednesday that its mortgage originations plummeted in the second quarter.
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  • Capital One to lay off another 286 employees

    Company continues its exit from the mortgage lending space
    Capital One is planning to lay off 286 employees from its Plano, Texas, campus as it continues to close its mortgage lending and home equity operations. According to the Dallas Business Journal, the exit is a result of the rising interest rate environment and high home prices freezing homebuyer demand.
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  • Exclusive: Nationstar CEO Jay Bray on impact of 'surprising' election; higher interest rates

    Plus, what does potential regulatory rollback mean for Nationstar's future?
    Count Nationstar Mortgage CEO Jay Bray among those who were surprised by the election of Donald Trump, but Bray tells HousingWire that he is looking forward to working with the incoming Trump administration and is cautiously optimistic on the impact that the president-elect could have on the financial services business. Here's part two of HousingWire's exclusive interview with Bray.
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  • mREITs lose steam

    Fed uncertainty and rising interest rates hinder performance
    The summer proved a challenging season for REITs given rising mortgage rates, uncertainty when the Federal Reserve will begin to ease off its monetary stimulus and heightened volatility.
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