9 Burst results for "Mike Fratton Tony"

"mike fratton tony" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

03:59 min | 4 months ago

"mike fratton tony" Discussed on Marketplace Morning Report with David Brancaccio

"What happens when millions can't pay the note on their house? I'm David Brancaccio. Good Morning. More Americans are putting their mortgage payments on hold given the locations of the pandemic. An industry group is out with a new survey showing that about two million loans. Were in what is called forbearance. The first week of April. Meaning barbers have asked for a temporary break on the payment due. Marketplace's Amy Scott has more the emergency aid package. Congress passed last month allows many homeowners to delay their mortgage payments for up to a year and job losses grow more. Americans are requesting that option. The Mortgage Bankers Association says about three point seven percent of home loans were in forbearance as of April fifth up. One percentage point from the week before chief economist. Mike Fratton Tony expects that number to grow at a rapid pace this is putting a real strain on some mortgage servicers. Servicers are the companies that collect loan payments from borrowers and they still have to pay. The investors who owned securities backed by those mortgages. The industry is asking the Federal Reserve for emergency loans to help cover those payments. There was a speck of good news. In the survey average hold times for homeowners calling to get relief fell from thirteen minutes to just over ten. I'm Amy Scott for marketplace. There are some optimistic optimistic assumptions built into a new forecast for what cove nineteen will do to the world economy this year. Lindsay pegues is the chief economist at the Investment Company. Stifled Nicholas. Good morning to you. I mean you'd think this would be one of these. Stop the presses business reporting moment but it's fairly obvious. The International Monetary Fund has new outlook. And it says there's going to be recession this year and that global gross domestic products going to shrink by three percent instead of growing more than three percent to be expected. I guess absolutely at this point. The market is very clearly pricing in a recession. But the question is how the according to the IMF. It's not going to be quite that bad. They're looking for just over. Three percent contraction growth in twenty. And they're looking for a near six percent rebound in growth by twenty twenty what now of course the IMF did say downside. Risks to their forecasts remain as they are assuming a near term containment of the virus. And they're not assuming a second round flare up in the fall so pretty optimistic assumptions but nevertheless painting a positive rosie pathway for the potential recovery of the global economy Lindsey Piazza at the Investment Company steeple necklace. Thank you so much. Thank him. The season for quarterly corporate results has begun in the biggest of Banks J. P. Morgan. Chase reported this morning that it's prophet was down about seventy percent January to March given the challenges of Gerona virus. The bank says it's setting aside a lot of money. Nearly seven billion dollars to cover possible defaults on loans by businesses and consumers. It was also the quarter Wednesday. Oj Me Diamond was out for a month. Following emergency heart surgery the banks still made two point nine billion dollars but might not pay dividends to shareholders so as to preserve its reserves. We also have wells. Fargo today setting aside. Three eight billion dollars for when people can't pay them back in early trading. The Dow is up five hundred twenty eight. I should make that five hundred seventy eight points. That is two point. Five percent a similar percentage rise for the S. and P. Five hundred. The Nasdaq is up. Two point. Nine percent Toyota said today it's going to do a limited reopening of its car factories in France and in Poland a week from tomorrow. North and South American plans Asian facilities stay closed for now Johnson and Johnson. Prophets rose for last quarter with sales up for its consumer products at a time. Many were stocking up for sheltering in the company's lowering its profit guidance for the rest of the year.

International Monetary Fund chief economist Amy Scott David Brancaccio Mortgage Bankers Association Mike Fratton Tony Johnson Federal Reserve Lindsay pegues twenty twenty Investment Company Toyota Congress Banks J. P. Morgan Nicholas
"mike fratton tony" Discussed on NPR's Business Story of the Day

NPR's Business Story of the Day

03:37 min | 5 months ago

"mike fratton tony" Discussed on NPR's Business Story of the Day

"Many people across the country have been calling up mortgage companies this week. There many people asking for refinancing of their home loans. That's because mortgage rates have been hitting record lows. Npr's Chris Arnold been following all this and it's on the line. Hi There Chris a Steve. What's causing the drop in interest rates? Well stocks of course have been falling over fears about the krona virus. And that is that people are buying treasury bonds. It's like a flight to safety. Because Treasury safer investment and the Fed has also been cutting rates and all that is leading to the lowest mortgage rates on record over the past fifty years and how many people are trying to take advantage. Well we're seeing a very big jump that Last year I think it was three times the normal rate of mortgage applications and people are calling because they can save hundreds or thousands of dollars what we talked to Jay Farner. He's the CEO of quicken loans. In the last week we've probably had three record days. Yesterday was again a new record for mortgage applications. It really is one of those once in a lifetime opportunities. I I'm not certain while see rates likeness again. Ed this is maybe like the one silver lining in all these dark clouds around the economy. Because of this very scary corona virus and it's having this effect of lower rates so a lot of homeowners can save money refinancing. You can save money. Buying a house to all of that helps regular people and it helps out the the the the broader economy. I guess if you're running the Fed You're happy about this. This is why you've been cutting interest rates. You want to encourage economic activity in moment when a lot of economic activities seem to be disrupted in some ways. But how do individual homeowners know that? It's worth refinancing given that it ain't free right. Well I mean by definition mortgage rates are at record lows. That means anybody with a house has a rate that's higher than the rates. You can get today with the question is. Is it a big enough drop to make it worth it if you refinanced? So I talked to Mike Fratton Tony. He's the chief economist. The Mortgage Bankers Association. He worked up this estimate based on rates from last week. More than eighty percent of all homeowners with the mortgage could have benefited from refinancing. They could have saved at least half a percent in terms of the rate on their mortgage and then given that rates have fallen even faster. This week you know that just means that the vast majority of all homeowners at this point likely would benefit from refinancing and Steve is to put some numbers around this. If you can drop your rate by one percentage point that doesn't sound like much one percent but that going to be very big effect if you have good credit a year ago rates on a thirty year fixed rate loan were four and a half percent now there around three and a half percent so on a three hundred thousand dollar mortgage that changed that one percent change can save you two thousand dollars a year in mortgage payments. Some people could save a lot more so this can mean a lot of extra money in people's pockets any other factors that people should think about. Yes for sure I mean. One thing is Shop around two or three lenders right now because of all the turmoil in the markets. That's really important. You get a better deal if you shop around Next thing is the fees. Make sure that they're worth it and a lot of people don't understand this last one. I if you've been paying your loan for a long time. It's often not so good to go back and start over with a thirty year loan. Now you'RE GONNA pay a lot more interest so you can get twenty five twenty fifteen years even better. Those are better options. And when you say fees that can be several thousand dollars for refinancing Yes yes definitely pay attention Chris. Thanks so much thanks Steve. That's NPR's Chris Arnold..

Chris Arnold Mortgage Bankers Association Mike Fratton Tony Fed Npr Steve Jay Farner Treasury Ed quicken
Mortgage Rates Fall To Record Lows. Does It Make Sense To Refinance?

NPR's Business Story of the Day

03:36 min | 5 months ago

Mortgage Rates Fall To Record Lows. Does It Make Sense To Refinance?

"Many people across the country have been calling up mortgage companies this week. There many people asking for refinancing of their home loans. That's because mortgage rates have been hitting record lows. Npr's Chris Arnold been following all this and it's on the line. Hi There Chris a Steve. What's causing the drop in interest rates? Well stocks of course have been falling over fears about the krona virus. And that is that people are buying treasury bonds. It's like a flight to safety. Because Treasury safer investment and the Fed has also been cutting rates and all that is leading to the lowest mortgage rates on record over the past fifty years and how many people are trying to take advantage. Well we're seeing a very big jump that Last year I think it was three times the normal rate of mortgage applications and people are calling because they can save hundreds or thousands of dollars what we talked to Jay Farner. He's the CEO of quicken loans. In the last week we've probably had three record days. Yesterday was again a new record for mortgage applications. It really is one of those once in a lifetime opportunities. I I'm not certain while see rates likeness again. Ed this is maybe like the one silver lining in all these dark clouds around the economy. Because of this very scary corona virus and it's having this effect of lower rates so a lot of homeowners can save money refinancing. You can save money. Buying a house to all of that helps regular people and it helps out the the the the broader economy. I guess if you're running the Fed You're happy about this. This is why you've been cutting interest rates. You want to encourage economic activity in moment when a lot of economic activities seem to be disrupted in some ways. But how do individual homeowners know that? It's worth refinancing given that it ain't free right. Well I mean by definition mortgage rates are at record lows. That means anybody with a house has a rate that's higher than the rates. You can get today with the question is. Is it a big enough drop to make it worth it if you refinanced? So I talked to Mike Fratton Tony. He's the chief economist. The Mortgage Bankers Association. He worked up this estimate based on rates from last week. More than eighty percent of all homeowners with the mortgage could have benefited from refinancing. They could have saved at least half a percent in terms of the rate on their mortgage and then given that rates have fallen even faster. This week you know that just means that the vast majority of all homeowners at this point likely would benefit from refinancing and Steve is to put some numbers around this. If you can drop your rate by one percentage point that doesn't sound like much one percent but that going to be very big effect if you have good credit a year ago rates on a thirty year fixed rate loan were four and a half percent now there around three and a half percent so on a three hundred thousand dollar mortgage that changed that one percent change can save you two thousand dollars a year in mortgage payments. Some people could save a lot more so this can mean a lot of extra money in people's pockets any other factors that people should think about. Yes for sure I mean. One thing is Shop around two or three lenders right now because of all the turmoil in the markets. That's really important. You get a better deal if you shop around Next thing is the fees. Make sure that they're worth it and a lot of people don't understand this last one. I if you've been paying your loan for a long time. It's often not so good to go back and start over with a thirty year loan. Now you'RE GONNA pay a lot more interest so you can get twenty five twenty fifteen years even better. Those are better options. And when you say fees that can be several thousand dollars for refinancing Yes yes definitely pay attention Chris. Thanks so much thanks

Chris Arnold Mortgage Bankers Association Mike Fratton Tony FED Jay Farner NPR Treasury ED Steve Quicken
"mike fratton tony" Discussed on KMOX News Radio 1120

KMOX News Radio 1120

02:36 min | 1 year ago

"mike fratton tony" Discussed on KMOX News Radio 1120

"Oh, three former Camelback entertainment editor, Harry ham. May now be the target of a federal investigation stemming from child sex crime charges filed by the state assistance, Saint Louis county prosecutor Theresa bomb camp who's handling the ham. Case says federal investigators are interested in the child porn aspect of it ham is accused of possessing child pornography on a cell phone and of sodomy and incest involving minor relative at risk for him. If it goes federal he could face tougher sentences. If convicted meanwhile, the Seventy-seven-year-old ham showed up in court for a bond hearing still without an attorney the judge looking a little frustrated order to hearing next week to determine whether ham has enough money to hire his own lawyer or should get a public defender. Kevin Kaleen NewsRadio eleven twenty kmox. The woman shot and wounded by police officer Wednesday remains hospitalized though her. Condition is not being released Saint Louis county. Police have released a picture of the man they say has pertinent information in the initial incident. Investigators asking anyone who may have seen something to call them or to anonymously call crime stoppers while some states have jumped headlong into sports wagering Illinois, lawmakers are still considering their options hearing in Chicago, a house panel heard state officials talk about the need for more gambling addiction programs. They also heard from local officials like while Keegan mayor Sam Cunningham who say they want in on the action. While key is a community of many means, and we along with other local governments hope to address some of those as by utilizing newly identified revenues most important, we hope to have a seat with you at the table experts talked about virtual sports betting and licensing fees, while university leaders raised concerns about students betting on college games in Illinois, Brian Kelly, NewsRadio eleven twenty K Malek's the homeownership rate and important segment of the economy is down slightly for the first time in two years. I'm Gary Nunn. The number of people buying homes slipped during the first three months of this year by six tenths of one percent, but was unchanged from a year ago. Still says Mike Fratton Tony of the mortgage Bankers Association. Positive sign because showing you know, one and a half million new young adults going down on their own forming. Household the latest census bureau number show, home price appreciation outpacing wage growth in much of the country. Gary Nunn, CBS news from the deficit Bank and trust business desk. Anheuser Anheuser-Busch has released a new Bud Light flavor for the summer. Lemon tea. The company says it's brewed with real lemon peels age tea leaves and has an authentic zesty flavor. The down from Stephen this hour is op twelve points. Came wax, news time is twelve. Oh, three. Eastbound.

Harry ham Gary Nunn Saint Louis county Illinois Sam Cunningham Theresa bomb Kevin Kaleen editor Anheuser Anheuser-Busch mortgage Bankers Association Stephen prosecutor Mike Fratton Chicago officer CBS K Malek Brian Kelly attorney
"mike fratton tony" Discussed on KNX 1070 NEWSRADIO

KNX 1070 NEWSRADIO

04:54 min | 1 year ago

"mike fratton tony" Discussed on KNX 1070 NEWSRADIO

"Gets closer tonight. There's a chance that we could see a stray shower for the northern slopes of L A N Ventura County mountains, otherwise highs today, you'll be about seventy one for Eleonore Orange County metro Seventy-three for the valley's upper sixties for the coast fifty four for the mountains. Sixty one for the desserts and low seventies for the I E with southern California's most accurate and dependable forecast. I'm CBS to meteorologists Burleigh for KNX, ten seventy NewsRadio. Fifty three degrees in Anaheim. It's to seventeen and. App being tested that will let people in Los Angeles help the homeless or others in the so the idea is that you can actually find if a food kitchen a hot meal, clothing food banks job training programs shelter programs. Councilman Mitch Englander says the first responders like police and firefighters will have access to the app for six months beginning in January before the public. Download downloaded the idea is that they will direct those in need to the places that can help according to England or the app is only for services in the city, but the plan is to eventually expanded across LA county, a temporary homeless shelters set to open in Anaheim at the end of the month. The Anaheim city council agreed to move forward with the shelter which will be at an industrial building near angel stadium. It'll have up to two hundred beds. Allow us to do this sort of two pronged approach where we help those need and at the same time begin the process of restoring our public spaces city spokesman Mike Lister tells KNX at the city heard concerns from people and businesses about the growing number of homeless people staying in Maxwell park and the Palme park to more shelters set to open in the city in the next couple of months, the shoulders should be in place for up to three years. Well, it got beat up and tossed out the first time around, but a California state senators bringing back a Bill to build more apartment complexes near mass transit heart of the Bill is basically the same. It would relax some restrictions to allow developers to build apartments near rail and bus stops in cities across the state many cities, including Los Angeles, including San Francisco and many others have imposed, hyper low density, restrictive zoning that ban apartment building near jobcentres near public. Transportation. Weiner says he did make three major changes to the Bill to appease those who opposed. His first measure one is stronger. Tenant protections. Also includes communities that may not have the best transit, but have a lot of job. This new revised Bill to address California's housing shortfall is getting a different reaction from those who oppose the first one and caused it to die in committee. Weiner says he's a bit more optimistic about this measure. But as it still has a long way to go. Karen Adams, Canucks, ten seventy NewsRadio. Ralph breaks the internet holding off all challengers the box office for the third straight weekend, along with Ralph character, the movie also features his young friend from video game. The reason they enter the internet this define a spare part to fix her game after it gets broken. But even though Ralph has the best of intentions. He also gets easily distracted my duty as her hero. Very seriously. Let's go get a root beer. Ralph breaks in and that said to end up with a little over sixteen million dollars this weekend. Followed by the Grinch with about fifteen million cre- to fantastic beasts and bohemian rhapsody. Rounding out the new top five. Well, the Los Angeles Film Critics association, naming Alfonzo Korans deeply personal drama Roma as the best film of the year. Ron's black and white film a net. Flix release has been taking some of the top prices of the awards this season at won the Golden Lion. At the Venice film festival in likewise, top the New York Film. Critics Circle is expected to land net flicks with its first best picture nomination for the Academy Award. Debra Granik was named best director for leave. No trace its two twenty time for your money higher. Interest rates are a double edged sword for the banking industry. They can make lending more profitable for banks. But also cut demand for certain loans and with mortgage rates at their highest in years. Refinance volume in particular drop fairly sharply. Mike Fratton, Tony is the chief economist at the mortgage Bankers Association as a result many lenders, including banks layoff, J P Morgan. Chase Wells Fargo and capital. One are cutting hundreds of mortgage jobs and the refi market isn't expected to rebound. Many people with a mortgage today got their loans when rates worth seventy year lows. That means growth has to come from home purchases. Housing demand is a function of more than just mortgage rates. You look at the job market, and we're at almost a fifty year, low unemployment rate, you're seeing the pace of wage growth increase and millennials are in their prime home buying years friend. Tony says they and other borrowers will find very eager mortgage lenders out there. We check your money at twenty and fifty after each hour. I'm Bloomberg's Alisa Parenti for KNX, ten seventy NewsRadio. Get breaking news alerts anywhere anytime. Download the radio dot com app and favourite Kennex today. It's two twenty two when you're.

Ralph character California KNX Anaheim Los Angeles Weiner Ventura County Tony Anaheim city council CBS Eleonore Orange County Councilman Mitch Englander Bill mortgage Bankers Association Burleigh angel stadium LA county Debra Granik
"mike fratton tony" Discussed on KNX 1070 NEWSRADIO

KNX 1070 NEWSRADIO

07:03 min | 1 year ago

"mike fratton tony" Discussed on KNX 1070 NEWSRADIO

"Latest animated hit route breaks the internet is holding off all challengers at the box office for a third straight weekend duty as your hero. Very seriously. Rubare route breaks the internet said to end up with a little over sixteen million dollars this weekend. Followed by the grandch- with about fifteen million then creed to fantastic beasts and bohemian rhapsody round out the latest top five at auction of entertainment memorabilia and personal belongings owned by Frank Sinatra and his fourth wife, Barbara as brought in more a lot more money than expected. The overall total top nine million dollars part of the proceeds will go to a children's center and Rancho Mirage that helps victims of physical sexual and emotional abuse. The biggest ticket item was twenty carat engagement ring that Seoul for almost one point seven million dollars. Bill to put apartment complexes near transit in cities across California is alive. Again. The Bill died in committee is pretty much the same state Senator Scott Weiner says it would relax local restrictions to allow developers to build apartment complexes near rail stops infrequently used bus stops have more housing enter urbanized area near transit near jobs. He says they worked with those who oppose the Bill last time to make major changes including stronger protections for tenants, the building trades supporting the Bill some of the progressive equity groups that support tenants opposed. The last time are now neutral on the Bill and working with us that we're hoping to get them to support physician. Weiner says his Bill is needed to address the three point five million home deficit in California. He says the shortfall is undermining the state's economy, Karen Adams, x ten seventy NewsRadio. A new app is meant to make it easier for people in LA to help the homeless and others in need councilman. Mitch Englanders is the apple list services like medical mental health and. Shelters. So people can guide those in need to the nearest location. When I graduated from the police academy some fifteen years ago, I was given a book that was printed already out of date. The phone numbers were already expired of here, the resources, we have it's useless. And we don't update it. And so in real time, this is going to be updated and geo coded on the map first responders like police and firefighters will test the ad for six months starting in January before the public will be allowed to download it for free Englander says there are plans to expand it to include all of LA county in the future. Under a new agreement. Los Angeles County is expanding and strengthening its jail released policies for inmates with mental illness. The new procedures will have community based providers helping to design and implement the release plans with inmates given two weeks worth of medication upon release. That will give them the time to connect with their community provider, and there's a continuity of care from the jail to the community. That's Dr Timothy bell director of mental health for the jail. At least a heart's is an attorney with the nonprofit public council which worked to improve the release plans as part of a legal settlement between the US department of Justice and the county they were being released without any connection to services often in the middle of the night with no housing back on skid row it within a few weeks, they'd be rearrested again for similar reasons related to homelessness and mental illness. She says this is an important step toward breaking that cycle. Margaret caro- KNX ten seventy News Radio. Twelve twenty at least pretty checks your money higher. Interest rates are a double edged sword for the banking industry. They can make lending more profitable for banks. But also cut demand for certain loans and with mortgage rates at their highest in years. Refinance volume in particular drop fairly sharply. Mike Fratton, Tony is the chief economist at the mortgage Bankers Association as a result many lenders, including banks layoff, J P Morgan. Chase Wells Fargo and capital. One are cutting hundreds of mortgage jobs and the refi market isn't expected to rebound. Many people with a mortgage today got their loans when rates were at seventy year lows. That means growth has to come from home purchases. Housing demand is a function of more than just mortgage rates. You look at the job market, and we're at almost a fifty year, low unemployment rate, you're seeing the pace of wage growth increase and the lineal are in their prime home buying years friend. Tony says they and other borrowers will find very eager mortgage lenders out there. We check your money at twenty and fifty after each hour. I'm Bloomberg's Lisa parental for KNX ten seventy NewsRadio twelve twenty one that gondolas Dodger Stadium now one step closer to becoming a reality. The metropolitan transportation authority has signed a letter of intent. Moving the process into the next face negotiations with aerial rapid transit technologies or art the firms seeking a Bill to privately funded aerial gondola to fly people from Union Station to the stadium. That's for when construction might begin metro spokesman, Brian Haas says, you know, at this point, it's a little too early for us to tell you know, what the timeline might be on this. You know, the negotiations will start hammering out. Obviously a lot of those details art says gondola would cut traffic on the blunt, Anna neighborhoods around the stadium and reduce greenhouse gas emissions. The trip from Union Station would take about five minutes and the ride is expected to cost less than parking at the stadium. The company was founded by drew mcchord his dad Frank McCord sold the dodgers in two thousand eleven but retained a half interest and the one hundred and thirty acres of parking around the stadium. Claudia pesky tire KNX ten. Seventy newsradio. Anaheim is dealing with Orange County's homeless crisis by opening a new temporary homeless shelter at the end of the month. The city says it wants to help people during the winter cold. It also got complaints from. People and businesses about the growing homeless population and Maxwell park and LA Palma park. Sitting spokesman Mike Lister tells connect simply kicking people out of the parks won't solve the problem. Only long-term answer is to get people off the streets get him into a shelter. Like the one we are looking at and getting them on a pathway to some sort of stable housing down the road new shelter will have up to two hundred beds. It'll be at an industrial building near angel stadium. To more shelters are set to open the next couple of months signs of life after the Wolsey fire or already being seen in the burned areas of the Santa Monica mountains biologists say they saw two plant species sprouting, even before the recent rains, very large brass actually, a non native grass called giant cane. And then the other one is the yucca National Park Service biologists. Mark Mendelssohn says they're going to be keeping a close eye on the giant cane because it tends to snuff out other plant life. Lots of other native and non native species that will start. To come back up soon. And we're going to spend lots of time spreading ourselves across the landscape to try and control the ones that we don't want to come up. He says they're also hoping the rains will help a lot of the park's oak trees badly burned by the Wolsey fire survive, including the massive one in paramount went his western town known as the witness tree. Karen Adams Canucks, ten seventy NewsRadio Christmas lights around your house could be a danger and Tony Marino. With those see Fire Authority tells kid he recommends don't string more than three sets lights together separate these load on different outlets..

Bill Tony Marino Karen Adams Union Station Frank Sinatra Los Angeles County Senator Scott Weiner Seoul California Rancho Mirage angel stadium LA Dr Timothy bell Margaret caro- KNX Barbara mortgage Bankers Association gondolas Dodger Stadium Brian Haas yucca National Park Service Mitch Englanders
"mike fratton tony" Discussed on KMOX News Radio 1120

KMOX News Radio 1120

01:43 min | 1 year ago

"mike fratton tony" Discussed on KMOX News Radio 1120

"Apprentice tells us about those higher interest rates and how they're affecting a mortgage lenders in our Bloomberg your money report, higher interest rates are a double edged sword for the banking industry. They can make lending more profitable for banks. But also cut demand for certain loans and with mortgage rates at their highest in years. Refinance volume in particular drop fairly sharply. Mike Fratton, Tony is the chief economist at the mortgage Bankers Association as a result many lenders, including banks layoff, J P Morgan. Chase Wells Fargo and capital. One are cutting hundreds of mortgage jobs and the refi market isn't expected to rebound. Many people with a mortgage today got their loans when rates worth seventy year lows. That means growth has to come from home purchases. Housing demand is a function of more than just mortgage rates. You look at the job market, and we're almost a fifty year low unemployment rate, you're seeing the pace of wage growth increase and millennials are in their prime home buying years. Fran Tony says they and other borrowers will find a lot of very eager mortgage lenders out there at Lisa parental. Bloomberg radio. All right. Thank you very much. Lisa for all your help. They did great work there. Bloomberg nothing. Good stuff. We're going to celebrate some birthdays in a minute a one hundred two year old actor. The mean is bearer of all time and a young woman who flies through the air the greatest of ease show. No, she's not on a tramp. He's that's coming up our forecast. Thirty-five today's high this patchy clouds, mainly clear and down nineteen tonight. A few clouds tomorrow and a high of thirty seven Tuesday, mostly sunny and near fifty near.

Bloomberg mortgage Bankers Association Fran Tony Lisa Chase Wells Fargo Mike Fratton chief economist J P Morgan one hundred two year seventy year fifty year
"mike fratton tony" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

02:45 min | 1 year ago

"mike fratton tony" Discussed on Newsradio 1200 WOAI

"Montalvo, NewsRadio twelve hundred w away on the search continues for the five missing marines after a US Marine Corps refueling plane in a fighter jet carrying a total of seven marines collided and crashed into the Pacific Ocean off Japan, South western coast early Thursday. Rescuers found two of the crew members involved, but one died later after being pulled from the water Kevin Hart is bowing out as the host of next year's Oscars after criticism over previous remarks he's made about gay people and a two thousand ten standup special. He said one of his biggest fears is that his son would end up being gay the comedian has since apologized to the LGBTQ community. The Oscars are set for February twenty four th no word on who's hosting. Why our concerns about higher interest rates causing disruptions in the Mark? Here's holy parental from Bloomberg. With today's and focus report higher interest rates are a double edged sword for the banking industry. They can make lending more profitable for banks. But also cut demand for certain loans and with mortgage rates at their highest in years, we've seen refinance volume in particular drop fairly sharply. Mike Fratton, Tony is the chief economist at the mortgage Bankers Association as a result many lenders, including banks layoff, J P Morgan. Chase Wells Fargo and capital. One are cutting hundreds of mortgage jobs and the refi market isn't expected to rebound. Many people with a mortgage today got their loans when rates were seventy year lows. That means growth has to come from home purchases. Housing demand is a function of more than just mortgage rates. You look at the job market, and we're at almost a fifty year low unemployment rate, you're seeing the pace of wage growth increase and the lineal are in their prime home buying years. Fran Tony says they and other borrowers will find very eager mortgage lenders out there. I'm melissa. Guarantee Bloomberg business for NewsRadio twelve hundred W O A. I w I news time eight oh six the San Antonio Spurs host the Lakers tonight in the AT and T center. The voice of the Spurs. Bill shoting has your details. And today's Spurs report brought to you by big big barbecue. After playing ten of their last fourteen games on the road. The Spurs are set to begin the longest homestand of the season as they host the LA Lakers. The same thing in the first of six straight at home. The Spurs coaching staff continues to look for ways to improve the Spurs defence, which is allowing forty-nine percent shooting from the floor and just under one hundred and fourteen points per game tonight. One of the main tasks will lead to make life a little tougher for LeBron James scored forty two on Wednesday night and the Lakers victory over the Spurs. Wwl coverage will start at seven nights at seven thirty. That's the Spurs report. I'm Bill and the Spurs report is brought to you by big bid barbecue breaking news on the hour at the half and anytime at W dot com. Brought to you by comfort air, engineering, traffic and weather together. Coming up at eight ten the big bit barbecue true,.

Spurs LA Lakers Bill shoting Bloomberg mortgage Bankers Association Kevin Hart Fran Tony US Marine Corps Pacific Ocean Japan Montalvo Chase Wells Fargo LeBron James chief economist Mike Fratton J P Morgan AT T center
"mike fratton tony" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

05:18 min | 1 year ago

"mike fratton tony" Discussed on Newsradio 1200 WOAI

"Time. We get ready for the drive home. That's afternoon. Basically the further east you go the more rain, you are going to see Texas is on record supporting the elimination of the DACA program. Texas attorney general Ken paxon's office filed a friend of the court three with the US supreme court in support of President Trump's attempt to rescind the Obama era program it shields, hundreds of thousands of young immigrants from being deported. Paxton spokesman, Mark Wilander. The Trump administration's decision to wind down doctors justified because DACA is just as legally flawed as the Obama era deferred action for parents of Americans program. Trump is. Hoping the court will overrule injunctions by three lower court judges blocking him from ending the DACA program at the capitol. Chris FOX, NewsRadio twelve hundred w o a former President George Hw Bush is in his final resting place. Bush was interred on the grounds of his presidential library, Texas. Am university yesterday. His body traveled on a special train from Houston after a funeral service at Saint Martin's episcopal church thousands of people lined the train tracks to say their final goodbye to the nation's forty first president. There was a dramatic military flyover after Bush's casket arrived at the presidential library and museum. Marines gave the former president a twenty one gun salute. San Antonio's aerospace industry continues to increase its wings spread over the local economy and the latest study on its impact points to the Alamo city remaining, a pro player on national and international levels, greater chamber. President Richard petty says the report released last night identifies key areas that keep local aerospace companies competitive global one is a workforce. We have a young workforce that's trainable, and we have an excellent trend and yellow community college district and other private companies that are in the training business. That is our Ason the whole if you will more than ten thousand people work locally in aerospace with more than a thousand jobs added this year, total regional economic impact. Three point four billion dollars Morgan Montalvo, NewsRadio twelve hundred w former FBI director James Comey is scheduled to testify before house. Republicans today. Republicans are expected to ask him about his role in investigations into Hillary Clinton's E mail and the Russian interference in the two thousand sixteen election Komi originally objected to the idea of testifying behind closed doors. He tweeted last week in that Republicans met his conditions and agreed that he would be free to talk to the public about his testimony after they were done. We could get a window today into exactly what the special prosecutor has and doesn't have and his two year long investigation into the Trump campaign special counsel, Robert Muller's team will be submitting. Memos in federal court, documenting their claims, the former Trump campaign chair Paul Manafort violated his plea deal. Those memos expected to detail what Muller's team has been calling repeated lies by Manafort who was supposed to get a reduced sentence for tax and Bank fraud charges in exchange for cooperating with them manafort's lawyers. They're saying the special counsel, you arm tactics to get information out of Manafort that he doesn't actually have he's supposed to be sentenced next year. President Trump is planning to announce this morning that he wants State Department spokeswoman Heather Nauert to replace outgoing UN ambassador. Nikki Haley Haley is resigning from her post at the end of the year before serving as a State Department spokeswoman now at work for Fox News. They're also reports Trump is expected to tap William bar as attorney general bar serves as attorney general for George H W Bush for two years why our concerns about higher interest rates causing disruptions in the markets. Here's a Lisa parental from Bloomberg. With today's in focus. Port higher interest rates are a double edged sword for the banking industry. They can make lending more profitable for banks. But also cut demand for certain loans and with mortgage rates at their highest in years. Refinance volume in particular drop fairly sharply. Mike Fratton, Tony is the chief economist at the mortgage Bankers Association as a result many lenders, including banks layoff, J P Morgan. Chase Wells Fargo and capital. One are cutting hundreds of mortgage jobs and the refi market isn't expected to rebound. Many people with a mortgage today got their loans when rates were at seventy year lows. That means growth has to come from home purchases. Housing demand is a function of more than just mortgage rates. You look at the job market, and we're at a fifty year, low unemployment rate, you're seeing the pace of wage growth increase and millennials are in their prime home buying years friend. Tony says they and other borrowers will find very eager mortgage lenders out there. I'm Alisa Parenti, Bloomberg business for NewsRadio twelve hundred W O A, I w away. I news time six oh, six Tonio Spurs host the Lakers tonight and the AT and T center. The voice of the Spurs. Bill showing has your details. In today's Spurs report brought to you by. W after playing ten of their last fourteen games on the road. The Spurs are set to begin the longest home stand of the season as they host the LA Lakers. The same thing in the first of six straight at home. The Spurs coaching staff continues to look for ways to improve the Spurs defence, which is allowing forty-nine percent shooting from the floor and just under one hundred and fourteen points per game tonight. One of the main test will lead to make life a little tougher for LeBron James scored forty two on Wednesday night and a Lakers victory over the Spurs w coverage will start at seven tonight tip. It's seven thirty. That's today..

President Trump President George Hw Bush Spurs president Texas LA Lakers Trump administration Obama DACA attorney special counsel Manafort Bloomberg Paul Manafort Tonio Spurs Tony Robert Muller US