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 reported a 1.8% decrease in mortgage applications for the week ending April 14.

In The News:

DS News – “Young Adults Not Sot Hot On Construction Careers” (4-19-2017)

“Three-quarters of young adults in the United States are sure about the field in which they want to have a career. And only 3 percent of those say they are interested in the construction trades‒- as many as are looking to follow a career in performing arts and government.”

CNBC – “This ancient building material could fuel a future infrastructure boom” (4-19-2017)

“Last month, Bangladesh’s capital city became home to the world’s first cell tower constructed entirely out of bamboo — proof that emerging Asia can simultaneously tackle two of its most pressing concerns: infrastructure investment and renewable resources.”

Freddie Mac – “Freddie Mac Prices New $2.5 Billion Three-Year Reference Notes Security” (4-19-2017)

“Freddie Mac (OTCQB: FMCC) announced today that it priced its new 1.375% three-year USD Reference Notes^® security due on April 20, 2020.”

Mortgage Bankers Association – “Mortgage Applications Decrease in Latest MBA Weekly Survey” (4-19-2017)

“Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 14, 2017.”

Bloomberg – “Morgan Stanley Tops Estimates as Fixed-Income Revenue Jumps” (4-19-2017)

“Morgan Stanley posted Wall Street’s biggest increase in bond-trading revenue as a turnaround in that business accelerated, pushing return on equity to the highest in two years.”

CoreLogic – “First CoreLogic Client Deploys GraphIQ Data Visualizations” (4-19-2017)

“CoreLogic^® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced that Information and Real Estate Services, LLC (IRES) is the first CoreLogic client to make Graphiq data visualizations available to U.S. homebuyers.”

RisMedia – “Institutional Investors to Rein In Capital to Real Estate” (4-19-2017)

“Institutional investors, including banks, insurance companies, pensions and REITs, will rein in capital commitments to real estate an average 19 percent this year, on track to total $62 billion, according to a new survey by Institutional Real Estate, Inc.”

DS News – “Prime Jumbo RMBS Transactions Double in Size” (4-19-2017)

“The number of prime jumbo RMBS transactions in the U.S. has more than doubled over the last year, according to a recent report from Fitch Ratings.”