Today’s News Synopsis:

The Labor Department released their latest consumer-price index report showing consumer prices increased 0.3% last month, the most in five months.  The NAHB reported strong builder confidence this month, having decreased by only two points and standing at 63.  Fannie Mae released this month’s Economic and Housing Outlook, showing they expect economic growth to be at 2.4% average in the second half of the year.

In The News:

CFPB – “CFPB Projects that One-in-Three Rehabilitated Student Loan Borrowers Will Re-default Within Two Years” (10-17-16)

“Today the Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman released a report projecting that over the next two years, one-in-three rehabilitated student loan borrowers could be driven back into default due to gaps between student loan programs.”

Bloomberg – “Consumer Prices in U.S. Rise at Fastest Pace in Five Months” (10-18-16)

“The cost of living in the U.S. rose at the fastest pace in five months on energy and shelter prices, a sign inflation is getting closer to the Federal Reserve’s goal.”

Fannie Mae – “A Decent, but Not Great, Second Half of the Year Expected for U.S. Economy” (10-18-16)

“Economic growth is expected to average 2.4 percent in the second half of the year, up from 1.1 percent in the first half but at a slightly slower pace than predicted in the prior forecast, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research (ESR) Group’s October 2016 Economic and Housing Outlook.”

Zillow – “The Zillow Group Report on Consumer Housing Trends” (10-18-16)

“For more than a decade, Zillow has been helping millions of Americans do their homework. Our users have trusted us when it was time to make life’s biggest financial decisions: finding a great apartment, buying a first home or downsizing later in life.”

Seeking Alpha – “FHFA Tries To Prevent GSE Lawsuit Settlement For Accounting Fraud” (10-18-16)

“As a non-party the Federal Housing Finance Agency is now trying to prevent PricewaterhouseCoopers from settling their direct accounting fraud lawsuit with Freddie Mac shareholders.”

Realty Trac – “The Foreclosure Gender Gap: Infographic” (10-18-16)

“ATTOM Data Solutions, the nation’s leading source for comprehensive housing data and the new parent company of RealtyTrac, today released an analysis showing homes owned by men had a higher foreclosure rate on average than homes owned by women as of the end of Q3 2016.”

NAHB – “Builder Confidence Remains Solid in October” (10-18-16)

“Builder confidence in the market for newly constructed single-family homes remained on firm ground in October, down two points to a level of 63 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).”

Mortgage Bankers Association – “MBA Launches Initiative to Support Women in Real Estate Finance” (10-18-16)

“Today, The Mortgage Bankers Association launched a new networking platform for women in the real estate-finance industry.”