Housing construction slowdown may be easing up – HousingWire

For months, construction and remodeling activity has been rapidly cooling down.  Additionally, for all of 2019, BuildFax Housing Health Reports have revealed that single-family housing authorizations – what it considers a key indicator of historic recessions – have been decreasing.  But the latest BuildFax Housing Health Report has a different tune to it. According to…

IMF says U.S.-China trade war is a drag on global economy – HousingWire

The International Monetary Fund said global economic growth this year will be the weakest pace since the 2008 financial crisis as the U.S-China trade war and Brexit weigh on the world’s economies. “Higher tariffs and prolonged uncertainty surrounding trade policy have dented investment and demand for capital goods,” IMF chief economist Gita Gopinath said in…

U.S. homebuilder confidence rises to a 20-month high – HousingWire

The nation’s low-interest-rate environment and strong job market propelled homebuilder confidence to 71 points in October, the National Association of Home Builders and Wells Fargo said in this month’s Housing Market Index. According to the index, October’s level now marks the highest reading since February of last year. “The housing rebound that began in the spring continues, supported by…

CFPB creates taskforce to examine federal consumer financial law – HousingWire

The Consumer Financial Protection Bureau announced it will establish a taskforce to examine ways to modernize federal consumer financial laws. The taskforce on Federal Consumer Financial Law will examine the existing legal and regulatory environment facing consumers and financial service providers. It will examine ways to improve and strengthen consumer financial regulations and report what…

Big bank mortgage originations continued rising in Q3 thanks to low interest rates – HousingWire

Continuing a trend that stretches back through most of this year, mortgage originations were up at some of the nation’s biggest banks in the third quarter due to this year’s consistently low mortgage rates. As seen in the most recent data from Freddie Mac, mortgage interest rates have been sitting at approximately one full percentage…

Mortgage Contracting Services makes acquisition – HousingWire

Mortgage Contracting Services, a national provider of mortgage-related services, is acquiring Miami-based M&M Mortgage Services, the company announced Tuesday.  Over the past few years, MCS, which provides property preservation services, inspections, REO property maintenance and valuations for the financial services industry, has made a series of acquisitions. In the spring of 2016, the company acquired…