Monday Morning Cup of Coffee: Goldman Sachs economist predicts greater housing gains
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Monday Morning Cup of Coffee takes a look at news coming across HousingWire’s weekend desk, with more coverage to come on larger issues. Politics continued to dominate the news cycle this weekend, with inauguration parties and protests following Donald Trump’s swearing in as POTUS.
The Joint Center for Housing Studies at Harvard University recently released their 2015 Report on Rental Housing, in which they reported that 49% of rental households are cost-burdened, meaning they spend more than 30% of their income on housing. These households struggle to save for a rainy day and pay other bills, such as food and healthcare.
NewOak names Andrea Bryan managing director, credit services performance by Andrea Bocelli and David Foster; and Swarovski crystal-embellished décor by Sequoia Productions – all of which will bring the “Reigning With Radiance” theme to life. HBO’s Post-Awards.IndyMac: Mini Bank Run, Thanks to Schumer PIMCO’s Gross: How to Solve Housing Riddle Anyone’s Guess Fannie Mae selling $1.2B in non-performing loans "Our goal is to market these loans to a diverse range of buyers. We look forward to building these sales into a regular, programmatic offering to the market." Last month the Federal Housing finance agency (fhfa) announced enhanced requirements for the sales of nonperforming loans for both Fannie Mae and freddie mac.mortgage interest deduction stays afloat with uncertain future Lawsky: Our fight against nonbanks is just beginning He went on to say what most struggling homeowners, no doubt, want to hear from someone in charge: “This guidance directs all mortgage servicers, both banks and nonbanks. What do you want to see."Their future employment beyond their contract seems uncertain. on their mortgage of $24,000 in 2008, $18,000 in 2009 and $12,500 in 2010. This move will have them paying off the mortgage in 10.PIMCO’s Gross: How to Solve Housing Riddle Anyone’s Guess Average home prices increase 2.2% in May: Case-Shiller Third-quarter multifamily originations drop 16% from 2QBlackRock, PIMCO set to push for BofA mortgage deal Breaking News: BofA Close to Reaching $8.5 bn Settlement with BlackRock, pimco (100th post) mortgage Lit Roundup: Five Signs That Plaintiffs Are Winning the RMBS War; The Government Giveth and It Taketh Away: The Significance of the Game Changing FHFA Lawsuits; Investor Syndicate At Hundreds of Billions And Growing