General News Category Archives

Economic and Fixed Income Insights, April 16, 2019

Recent housing news has been positive: US homebuilder confidence rose 1 point to 63 in April, according to the National Association of Home Builders. Sentiment levels have held in the low 60s for the past three months, any reading over 50 is considered positive. Also, mortgage applications to purchase a new home increased 1 percent last week and were 7 percent higher than a year ago.

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Economic and Fixed Income Insights, April 9, 2019

US core inflation unexpectedly cooled in March. The core consumer price index, which excludes food and energy, rose 0.1 percent from the prior month, and 2 percent from a year earlier, according to Bloomberg. In other economic news, the Internal Monetary Fund (IMF) cut its outlook for global growth to the lowest since the financial crisis amid a bleaker outlook in most major advanced economies.

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Economic and Fixed Income Insights, April 2, 2019

US companies added the fewest workers in March since late 2017 as construction and manufacturing cut jobs, according to ADP Research Institute. Private payrolls increased by 129,000, well below the 197,000 jobs added in February. In other economic news, durable goods orders fell 1.6 percent in February, following a 0.1 percent gain at the start of the year, according to Bloomberg.

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FHLB Chicago 2019 AHP Application Workshops

Join the Federal Home Loan Bank (FHLB) of Chicago staff to learn more about the 2019 competitive Affordable Housing Program (AHP). Workshops cover eligibility, project feasibility and changes to the scoring guidelines. Member institutions, potential sponsors and project consultants are encouraged to attend.

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Oregon’s Land Acquisition Program

Oregon Housing and Community Services (OHCS) opened a Land Acquisition Program (LAP) in November of 2018 with $2.5 million in available resources. This program is designed to provide loans for purchasing land for affordable homeownership and affordable rental housing. Loan periods may not exceed 8 years and loan terms are 1 percent simple interest and a 1 percent loan fee is paid at the time of the construction loan.

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