Daily Dose

HUD Secretary Julián Castro, whose name has been bantered for months as a possible vice presidential candidate, plans to announce his endorsement for former U.S. Secretary of State and Democratic presidential hopeful Hillary Clinton on Thursday.

The availability of mortgage credit to borrowers declined slightly in the second quarter of 2015, despite impactful federal efforts to expand the credit box.

Refinances appear to be cooling off after volume levels decreased in August, while mortgage rates rose for three consecutive months through July, according to the Federal Housing Finance Agency's August 2015 Refinance Report.

ComplianceEase, a provider of automated compliance solutions to the financial services industry, recently announced that the company's co-founder, Jason Roth, has been named chief technology officer.

Wells Fargo and Bank of America posted strong 2015 third quarter financial results, with net incomes reaching $5.8 billion and $4.5 billion, respectively.

Federal Reserve Board Governor Lael Brainard warned against visceral reactions, such as pushes in the marketplace for an increase in interest rates, given the economy’s fragile growth, while speaking at the 57th National Association for Business Economics Annual Meeting in Washington, D.C., on Tuesday.

With the costs of labor and materials increasing, investors and contractors are constantly searching for ways to lower the cost of doing business when it comes to renovating or rehabbing their rental properties. The key is removing waste from the process.

JPMorgan Chase, one of the nations largest lenders, announced that their 2015 third quarter net income reached $6.8 billion, or $1.68 a share, up 22 percent year-over-year, according to the bank's earnings statement released Tuesday.

As the single-family rental space becomes more populated with investors, all of whom are trying to gain any advantage that will help them cut costs and streamline processes, therefore maximizing profits, more of them are turning to technology.

Homeowners continued to overvalue their homes for the eighth consecutive month in September, while appraiser opinions came in 2 percent lower than owner's perceptions, according to Quicken Loans national Home Price Perception Index.