Daily Dose

The Bureau of Labor Statistics’ October jobs report released last week far exceeded expectations, generating widespread speculation that the Federal Reserve will raise short-term rates in the Federal Open Market Committee’s final meeting of the year in December.

While consumers anticipate a better labor market to come, they were mixed about inflation, depending on how deeply into the crystal ball they look, the latest Survey of Consumer Expectations from the Federal Reserve Bank of New York showed.

Home prices nationally are still on the incline, most notably in more affordable homes, according to the latest Home Price Index from CoreLogic.

Fannie Mae and Freddie Mac recently announced that the standard mortgage modification interest rate will be under 4 percent for the first time ever since the benchmark was established in January 2012.

Consumer confidence in the housing market declined slightly in October, while wages and salaries struggled and kept many from purchasing a home, according to Fannie Mae's Home Purchase Sentiment Index.

The Consumer Financial Protection Bureau will no longer be the only entity monitoring TILA-RESPA Integrated Disclosure rule compliance among lenders. The Office of the Comptroller of the Currency announced Friday that TRID compliance exams are coming.

Homebuilders in the single-family 55+ housing market showed strong confidence in the third quarter of 2015, according to the National Association of Home Builders' Housing Market Index.

October’s healthy job gains of 271,000 reported in the Bureau of Labor Statistics’ (BLS) October 2015 Employment Summary released Friday make a December liftoff by the Fed an extremely likely possibility.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. With skyrocketing rents in many parts of the country, buying a home is beginning to look more attractive to millennials. Jeannie Smith, VP of sales and a home loan officer at Guardian Mortgage discusses how Millennials desire homeownership but struggle financially and how the mortgage industry can help.

Fannie Mae and Freddie Mac's 2015 third quarter earnings statements have the housing industry buzzing about taxpayers paying the ultimate cost of funding yet another bailout for the GSEs.