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THE BASIS POINT

Manufacturing Inches up.

February 20, 2015

PMI Manufacturing Index Flash (February 2015)

– Level 54.3. Previous was 53.7.

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Linkage – Handpicked News

UWM was sued this week in a class-action lawsuit alleging a scheme with mortgage brokers to charge excess costs to borrowers (housingwire.com)
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Number 1 mortgage lender UWM ($108b) and number 3 Rocket ($80b) have a decades-old rivalry that's now playing out in the NBA. ESPN has details. (espn.com)
Strong consumers & stubborn inflation delay rate cuts, but Fed still cuts about 0.75% in 2024 (reuters.com)
Dan Green of Homebuyer.com & Mike Simonsen of Altos Research discuss home inventory, sales, prices, and how realtor pay is changing (youtube.com)
NAR answers key questions in lawsuit settlement. How agents will get paid by home buyers & sellers, relevance of MLSs now, how NAR pays $418m settlement, etc. (nar.realtor)
"NAR settlement destroys current home buying and selling business model, in which sellers pay both their broker and a buyer’s broker, which critics say have driven housing prices artificially higher." (cnn.com)
NAR $418m lawsuit settlement could mean lower fees for home buyers and sellers. Redfin & CNBC explain how. (youtube.com)
Steven Mnuchin explains how and why he might buy TikTok. Watch his CNBC rundown of the deal. (youtube.com)
A deep dive by Linette Lopez on how Tesla, Ford, and GM are in trouble as China’s EV engine roars (businessinsider.com)

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