morgan stanley

Loftium Will Provide Down Payment If You Let Them AirBnB Your Spare Room

Today’s News Synopsis: Loftium will provide down payment if you let them AirBnB your spare room.  In the wake of both Hurricanes Irma and Harvey, builder confidence decreased by three points to 64 in September.  The biggest thing holding back millennials from owning a home is student debt. In The News: Black Knight Financial Services – …

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Transaction Involving Prime Jumbo RMBS Increase by Twice as Much Over Past Year

Today’s News Synopsis: A recent survey from NAHB showed out of the 75% of adults who know what career path they want, only 3% are interested in a job in construction.  Transactions involving prime jumbo residential mortgage-backed securities increased by twice as much over the past year according to Fitch Ratings.  The Mortgage Bankers Association …

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Morgan Stanley Predicts a Peak in the Commercial Real Estate Market This Year

Today’s News Synopsis: Pending home sales increased 5.5% last month according to the latest National Association of Realtors report, following a 2.8% decrease in January.  Analysts at Morgan Stanley predict we will see the commercial real estate market at its top this year, bringing an end to what is known as the “bull cycle.”  As …

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Of All Countries Interest in Florida Real Estate, Russia Still At Top

Today’s News Synopsis: Pending home sales decreased 2.8% last month to a yearly low.  Of all places interested in buying real estate in Florida, Russia is still at the top of the list.  More and more smaller banks are unable to lend out as much money as they are being squeezed dry by bigger banks. …

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Default Rates for Bank Cards at Highest in Almost 4 Years According to Latest S & P/Dow Jones Indices

Today’s News Synopsis: The latest S & P and Dow Jones Indices showed default rates for bank cards were at their highest in almost 4 years in January, up three basis points from 0.92%.  Several holders of hedge funds were unsuccessful in their attempt to have a ruling overturned that would allow them to sue …

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Claims of Unemployment Increased Last Week After Being At their Lowest in 40 Years

Today’s News Synopsis: Freddie reported mortgage rates are still at historical lows despite being at a four-month high.  Claims of unemployment increased last week for the first time since July after being at their lowest in 40 years.  Lending on multifamily homes was up 28% last year according to the Mortgage Bankers Association. In The …

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Goldman Sachs Warning Investors Not to Purchase Real Estate Stocks

Today’s News Synopsis: Goldman Sachs warned investors about purchasing real estate stocks at this point, saying there is too much risk right now.  The area of the real estate market that is expected to be at a high point is construction on nonresidential structures.  Fannie Mae believes a weak job market is a big contributing …

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Fannie Mae Says Interest Rate Hike Won’t Be Until June 2017

Today’s News Synopsis: Fannie Mae said it will likely not be until June of next year when we see an increase in interest rates.  The Mortgage Bankers Association reported a 1.3% decrease in mortgage applications from last week.  Freddie Mac reported those 55 and older, which make up 1/4 of the population, are moving away …

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House of Representatives Looking at Legislation to Do Away with G-Fees

Today’s News Synopsis:   A new list of the top ten markets where investors have the most opportunity was just released by HomeVestors and the Local Market Monitor, showing areas like Texas, Florida, Michigan, and Georgia as top areas.  The House of Representatives is looking at a new piece of legislation that would not allow …

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Morgan Stanley Agrees to $3.2 Billion Settlement

Today’s News Synopsis:   New home purchase applications increased 14% month-0ver-month according to the MBA.  Morgan Stanley just agreed to a $3.2 billion settlement to cover toxic mortgage-backed securities.  Housing prices are increasing with the bigger influx of foreign buyers.   In The News: DS News – “Renter Share Spikes in Hardest Hit Markets” (2-11-16) “Post-crisis …

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