Foreclosures | Mortgages | Financing
The MBA recently made key changes to the credit availability index methodology that showed credit availability has actually been increasing over the past few months rather than decreasing. MBA’s vice president of research and economics explains the changes more in-depth. …read more
From:: Real Estate Wire
Aside from being a product attorney at a tech firm, Kate Downing also served as a planning and transportation commissioner for Palo Alto. Her responsibilities in the position included pushing city officials to build more housing and pass pro-development policies that could help solve the growing affordability crisis. Downing recently took to online to say she can’t afford to live in the city anymore either. …read more
From:: Real Estate Wire
The Democratic vice presidential nominee, Sen. Tim Kaine, D-Virginia, spent much of his pre-politics career as a fair housing attorney, spending nearly 20 years fighting for fair housing, and it looks like he plans to continue that fight if he becomes vice president. Here, in Kaine’s own words, is the Democrats’ plan to ensure fair housing for all. …read more
From:: Real Estate Wire
Gold futures settled with a loss on Friday, after spending much of the session trading higher following disappointing economic data from the U.S. and China. Prices lost about 0.09% for the week, which marks the fourth weekly loss in five. Gold for December delivery lost $6.80, or 0.5%, to settle at $1,343.20 an ounce.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Rupert Murdoch, executive chairman of News Corp. , named Friday a new team to run Fox News, a division of 21st Century Fox Inc. , after former CEO Roger Ailes resigned last month amid allegations of sexual harassment. Fox Television Stations Chief Executive Jack Abernathy and Senior Executive Vice President Bill Shine were named co-presidents of Fox News Channel and Box Business Network, effective immediately. Fox News Chief Financial Officer Mark Kranz will retire, after 19 years at the network. Suzanne Scott was named executive vice president of programming for Fox News, and Jay Wallace was named EVP of news editorial. 21st Century Fox’s stock, which slipped 0.4% in afternoon trade, has dropped 4.1% year to date, while the S&P 500 has gained 6.7%. MarketWatch is owned by Dow Jones, a unit of News Corp.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Oil futures pared their gains Friday after data from Baker Hughes showed that the number of active U.S. rigs drilling for oil rose for a seventh straight week. The U.S. oil-rig count climbed by 15 to 396 as of Friday. The active U.S. oil-rig count also increased by 17 to 481. September crude was at $44.10 a barrel on the New York Mercantile Exchange, up 61 cents, or 1.4%, from Thursday’s settlement. It traded at $44.34 before the data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
A week-over-week decline in new home-lending activity was driven by purchase and conventional financing, though jumbo business also played a role.
The U.S. Mortgage Market Index from OpenClose and Mortgage Daily for the week ended Aug. 12 was 185, retreating 7 percent from a week prior.
But compared to year prior, the index — which is determined based on average per-user rate locks by OpenClose clients — has risen by nearly a third.
From:: Financing
Invitation Homes hired G. Irwin Gordon as its executive vice president. Gordon brings over 30 years of experience to the company in various CEO and executive roles. …read more
From:: Real Estate Wire
Overall the consumer sentiment index increased despite concerns about the outcome of the upcoming presidential election. Younger households pushed against the positive growth, one expert explains why. …read more
From:: Real Estate Wire
A study from Trulia shows that family values matter when it comes to homeownership. This could even shine a light on why Millennial homeownership is lower than previous generations. …read more
From:: Real Estate Wire