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Monday, September 22, 2014

The Number of FHA Loans Plunges

FHA Loans Plunge 19% as Banks Haggle With Regulators -- Bloomberg News http://www.nationalmortgagenews.com/news/risk-management/fha-loans-plunge-19-percent-as-banks-haggle-with-regulators-1042676-1.html?site=default_on&utm_campaign=origination%20news-sep%2019%

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For those who work in the mortgage business, take note, regulators are looking to ensure that same-sex marriages get equal treatment when it comes to applying for credit products. -- Trey Garrison in HousingWire
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From Amazing Ideas, Hanging pool at the hotel "Intercontinental Festival City", Dubai
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Confidence among homebuilders rose in September to a nine-year high, showing the industry is gaining ground and will be a source of momentum for the economy. -- Bloomberg News
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Millennials to Spend $2 Trillion on Housing by 2018: Report
From Veooz
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Shared and taken by Norbert Metz
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Starting in October, the committee will add to its holdings of agency mortgage-backed securities at a pace of $5 billion per month rather than $10 billion per month, and will add to its holdings of longer-term Treasury securities at a pace of $10 billion per month rather than $15 billion per month. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/31396-fomc-tapering-quickly-coming-to-a-close
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Housing starts in August 2014 were at a SAAR of 956,000, down 14.4 percent from July but up 8.0 percent from August 2013.  -- From HUD
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Shared and taken by Irene Lai, Taipei at night.
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Privately-owned housing starts plunged 14.4% in August, according to the U.S. Census Bureau.
Starts were expected to drop after a strong July but not by this much. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/31404-housing-starts-nosedive-144-in-august
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The August print for housing starts was a seasonally adjusted annual rate of 956,000, well below analyst expectations, but 8% above the August 2013 rate of 885,000. -- Trey Garrison in HousingWire http://www.housingwire.com/blogs/1-rewired/post/31410-housing-start-woes-go-deeper-than-single-month-drop

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