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  • Wed, Aug 2 2017
  • 9:42 AM » Some Buyers are Bidding on Homes Without Setting Foot in Them
    Published Wed, Aug 02 2017 9:42 AM by www.builderonline.com
    Virtual reality and 3D imagery make it easier for some house hunters -- particularly millennials -- to skip a physical tour.
    Click Here to Read the Full Article

    Source: www.builderonline.com
  • 9:42 AM » Treasury to Maintain Borrowing at $62 Billion for Sixth Quarter
    Published Wed, Aug 02 2017 9:42 AM by Bloomberg
    Treasury to Maintain Borrowing at $62 Billion for Sixth Quarter Bloomberg The U.S. Treasury said it will maintain the issuance of longer-term debt for the sixth straight quarter at $62 billion and predicted borrowing needs will increase in coming quarters. The department will sell $24 billion in three-year notes on Aug. 8 ...
  • 9:42 AM » Goldman CEO Blankfein: Economic conditions 'are really not as bad as politics would suggest'
    Published Wed, Aug 02 2017 9:42 AM by CNBC
    Blankfein also says the U.S. needs to stay focused on wealth generation.
  • 8:19 AM » 'High-gear' US 'job machine' adds 178,000 jobs in July: ADP
    Published Wed, Aug 02 2017 8:19 AM by CNBC
    Companies added 178,000 jobs in July on a surge in services and despite a decrease in manufacturing.
  • Tue, Aug 1 2017
  • 3:04 PM » Goldman CFO: market for bond trading has not improved since second quarter
    Published Tue, Aug 01 2017 3:04 PM by Reuters
    (Reuters) - Goldman Sachs Group Inc Chief Financial Officer Marty Chavez said on Tuesday that the market for fixed income trading has not improved much since the second quarter.
  • 12:57 PM » Freddie Mac Says It Will Pay $2 Billion to Taxpayers -- Maybe
    Published Tue, Aug 01 2017 12:57 PM by Bloomberg
    Bloomberg Freddie Mac Says It Will Pay $2 Billion to Taxpayers -- Maybe Bloomberg Freddie Mac said it earned enough in the second quarter to send a $2 billion dividend to the U.S. Treasury, but the press release announcing the company's financial results includes new language suggesting uncertainty as to whether the payment will be ...
  • 11:09 AM » Mortgage Rates on New Home Purchases Tick Up
    Published Tue, Aug 01 2017 11:09 AM by eyeonhousing.org
    Information provided by the Federal Housing Financing Agency indicates that mortgage rates on purchases of newly built homes ticked up by 3 basis points over June to 4.03 percent. However, at this level, rates remain below the 4.18 peak level recorded in February. Meanwhile, a more commonly used rate reported by Freddie Mac indicates that mortgage rates fell in June. Despite... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 10:27 AM » Alan Greenspan: The bubble is in bonds, not stocks
    Published Tue, Aug 01 2017 10:27 AM by CNBC
    The former Fed chairman has again sounded the alarm on the bond market.
  • 10:12 AM » ISM Manufacturing index decreased to 56.3 in July
    Published Tue, Aug 01 2017 10:12 AM by Calculated Risk Blog
    The ISM manufacturing index indicated expansion in July. The PMI was at 56.3% in July, down from 57.8% in June. The employment index was at 55.2%, down from 57.2% last month, and the new orders index was at 60.4%, down from 63.5%. From the Institute for Supply Management: July 2017 Manufacturing ISM® Report On Business® Economic activity in the manufacturing sector expanded in July, and the overall economy grew for the 98th consecutive month, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: " The July PMI® registered 56.3 percent , a decrease of 1.5 percentage points from the June reading of 57.8 percent. The New Orders Index registered 60.4 percent , a decrease of 3.1 percentage points from the June reading of 63.5 percent. The Production Index registered 60.6 percent, a 1.8 percentage point decrease compared to the June reading of 62.4 percent. The Employment Index registered 55.2 percent , a decrease of 2 percentage points from the June reading of 57.2 percent. The Supplier Deliveries Index registered 55.4 percent, a 1.6 percentage point decrease from the June reading of 57 percent. The Inventories Index registered 50 percent, an increase of 1 percentage point from the June reading of 49 percent. The Prices Index registered 62 percent in July, an increase of 7 percentage points from the June reading of 55 percent, indicating higher raw materials prices for the 17th consecutive month, with a faster rate of increase in July compared with June. Comments from the panel generally reflect expanding business conditions, with new orders, production, employment, backlog and exports all growing in July compared to June, as well as supplier deliveries slowing (improving) and inventories unchanged during the period." emphasis...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:47 AM » The benefits of a home-equity line of credit
    Published Tue, Aug 01 2017 8:47 AM by CNBC
    A home-equity line of credit adds another level of security and is best considered when in a healthy financial position.
  • 8:47 AM » CoreLogic US Home Price Report Shows Prices Up 6.7 Percent in June 2017
    Published Tue, Aug 01 2017 8:47 AM by www.corelogic.com
    National Homes Prices Almost 50 Percent Higher Than March 2011 Bottom Four of the Top 10 Markets Considered Overvalued Unsold Housing Inventory is Lowest for Any Q2 in Over 30 Years Tight Inventory Driving Out Affordability CoreLogic ® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its CoreLogic Home Price Index (HPI ™ ) and HPI Forecast ™ for June 2017 which shows home prices are up strongly both year over year and month over month. Home prices nationally increased year over year by 6.7 percent from June 2016 to June 2017, and on a month-over-month basis, home prices increased by 1.1 percent in June 2017 compared with May 2017 ,* according to the CoreLogic HPI. Looking ahead, the CoreLogic HPI Forecast indicates that home prices will increase by 5.2 percent on a year-over-year basis from June 2017 to June 2018, and on a month-over-month basis home prices are expected to increase by 0.6 percent from June 2017 to July 2017. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state. “The growth in sales is slowing down, and this is not due to lack of affordability, but rather a lack of inventory,” said Dr. Frank Nothaft, chief economist for CoreLogic. “As of Q2 2017, the unsold inventory as a share of all households is 1.9 percent, which is the lowest Q2 reading in over 30 years.” Of the nation’s 10 largest metropolitan areas measured by population, four were overvalued in June according to CoreLogic Market Conditions Indicators (MCI) data. These four metros include Denver-Aurora-Lakewood, CO, Houston-The Woodlands-Sugar Land, TX, Miami-Miami Beach-Kendall, FL and Washington-Arlington-Alexandria, DC-VA-MD-WV. By comparing home prices to their...
    Click Here to Read the Full Article

    Source: www.corelogic.com
  • 8:45 AM » US consumer spending and income growth both weak in June
    Published Tue, Aug 01 2017 8:45 AM by CNBC
    Consumer spending slowed in June as income growth turned in the weakest performance in seven months.
  • 8:45 AM » Redfin Housing Demand Index Slipped in June from May's All-Time High
    Published Tue, Aug 01 2017 8:45 AM by www.redfin.com
    "In this market, homebuyers have to move fast, yet high prices and low inventory are slowing down even the most earnest of house hunters," said Redfin chief economist Nela Richardson. The post Redfin Housing Demand Index Slipped in June from May's All-Time High appeared first on Redfin Real-Time .
    Click Here to Read the Full Article

    Source: www.redfin.com
  • 8:44 AM » Freddie Mac Reports Second Quarter 2017 Financial Results
    Published Tue, Aug 01 2017 8:44 AM by freddiemac.mwnewsroom.com
    Freddie Mac Reports Second Quarter 2017 Financial Results
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 8:44 AM » Fannie Mae Releases June 2017 Monthly Summary | Fannie ...
    Published Tue, Aug 01 2017 8:44 AM by Fannie Mae
    News Release. Share This: July 31, 2017. Fannie Mae Releases June 2017 Monthly Summary. Matthew Classick. 202-752-3662. ...
  • Mon, Jul 31 2017
  • 4:05 PM » GOP Sen Hatch says cutting corporate rate to 25% is a challenge in tax reform
    Published Mon, Jul 31 2017 4:05 PM by CNBC
    Republican Sen. Orrin Hatch said he'd like he'd like to get the corporate tax rate down to around 20 percent.
  • 2:06 PM » The Fed: Demand for business loans weakened in second quarter, Fed finds
    Published Mon, Jul 31 2017 2:06 PM by Market Watch
    Bankers reported to the Federal Reserve that demand for business loans weakened in the second quarter.
  • 1:55 PM » U.S. pending home sales rise; Midwest factory activity slows
    Published Mon, Jul 31 2017 1:55 PM by Reuters
    WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes rebounded in June after three straight monthly declines, but the housing market remained constrained by a shortage of properties available for sale.
  • 12:52 PM » Debt ceiling fears are casting a shadow over Fed plans
    Published Mon, Jul 31 2017 12:52 PM by CNBC
    Republican failures are raising concerns of disorderly stand-off over borrowing,
  • 11:18 AM » Marcus Lemonis: These are the 2 essential reasons you should buy a home
    Published Mon, Jul 31 2017 11:18 AM by CNBC
    The serial entrepreneur and host of CNBC's "The Profit" says owning a home is about more than equity.
  • 10:50 AM » Dallas Fed: "Texas Manufacturing Activity Strengthens" in July
    Published Mon, Jul 31 2017 10:50 AM by Calculated Risk Blog
    From the Dallas Fed: Texas Manufacturing Activity Strengthens, Outlooks Improve Texas factory activity increased again in July, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose 11 points to 22.8, indicating output grew at a faster pace than in June. Other measures of current manufacturing activity also indicated a pickup in growth. The new orders and the growth rate of orders indexes rose several points each, coming in at 16.1 and 12.2, respectively. The capacity utilization index moved up to 18.1 and the shipments index increased three points to 11.6. Perceptions of broader business conditions improved again in July, with a sharp pickup in outlooks. The general business activity index edged up to 16.8, marking a 10th consecutive positive reading . The company outlook index jumped 15 points to 25.9, reaching its highest level since 2010. Labor market measures indicated slightly stronger employment gains and longer workweeks this month. The employment index has been positive all year and edged up to 11.2, its highest reading since the end of 2015. Twenty-one percent of firms noted net hiring, compared with 9 percent noting net layoffs. The hours worked index ticked up to 9.8. emphasis added This was the last of the regional Fed surveys for July. Here is a graph comparing the regional Fed surveys and the ISM manufacturing index: Click on graph for larger image. The New York and Philly Fed surveys are averaged together (yellow, through July), and five Fed surveys are averaged (blue, through July) including New York, Philly, Richmond, Dallas and Kansas City. The Institute for Supply Management (ISM) PMI (red) is through June (right axis). Based on these regional surveys, it seems likely the ISM manufacturing index will decrease in July compared to June (to be released tomorrow, August 1st). The consensus is for the ISM index to decrease to 56.4 in July from 57...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:29 AM » Bond Report: Treasury yields steady, but on track to end July lower
    Published Mon, Jul 31 2017 9:29 AM by Market Watch
    U.S. Treasury yields hold steady early Monday, but are mostly on track to post declines in the last trading day in July-a month marked by repeat records for equities and a heightened belief that the pace of U.S. Federal Reserve rate increases will be hampered by slothful inflation.
  • 9:29 AM » Fischer, The Low Level of Global Real Interest Rates
    Published Mon, Jul 31 2017 9:29 AM by Federal Reserve
    Speech At the Conference to Celebrate Arminio Fraga's 60 Years, Casa das Garcas, Rio de Janeiro, Brazil
    Click Here to Read the Full Article

    Source: Federal Reserve
  • 8:31 AM » Can President Trump appoint an Acting Director upon Director Cordray's departure?
    Published Mon, Jul 31 2017 8:31 AM by www.consumerfinancemonitor.com
    Given the speculation that Director Cordray will soon resign to run for Ohio governor, we have been pondering whether President Trump could appoint an Acting Director upon his resignation or whether David Silberman, the Acting Deputy Director, would automatically become Acting Director. Our analysis indicates that under the Federal Vacancies Reform Act of 1998 (Vacancies... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 8:31 AM » Sneak Preview in the Works For Timing of US Libor Alternative
    Published Mon, Jul 31 2017 8:31 AM by Bloomberg
    Sneak Preview in the Works For Timing of US Libor Alternative Bloomberg With a little luck, financial markets may get a better sense of how soon they'll be transitioning to the potential U.S. candidate to replace Libor. A Federal Reserve-sponsored group that has been working on an alternative is slated Tuesday to discuss ...
  • 8:30 AM » The real reason so many millennials still live with their parents
    Published Mon, Jul 31 2017 8:30 AM by Market Watch
    A third of 18- to 34-year-olds still live at home. Older generations like to say it's laziness-but it's not.
  • 8:30 AM » Younger house hunters prefer dog-friendly features to family-friendly ones when buying first home
    Published Mon, Jul 31 2017 8:30 AM by CNBC
    Thirty-three percent of millennial first-time home buyers cite a bigger yard for their dog as an influence in buying their first home.
  • 8:29 AM » CORELOGIC INTEGRATES WITH FANNIE MAE TO PROVIDE DAY 1 CERTAINTY SERVICE
    Published Mon, Jul 31 2017 8:29 AM by www.corelogic.com
    — Integration Provides Seamless Income Verification on DU Platform — CoreLogic ® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced that, effective in early August, it will have fully integrated its leading 4506-T income verification product with Fannie Mae’s Desktop Underwriter ® (DU ® ) platform. Mortgage lenders will be able to access these verification products as part of the DU validation service, providing automated access and rapid representations and warranties relief for validated loan components.  CoreLogic integration with DU delivers verification data that meets Fannie Mae’s underwriting requirements. This, in turn, provides more certainty in income calculation and asset verification while lowering the risk of potential borrower fraud through altered bank statements.  The DU verification service provides lenders with several benefits, including: Streamlined Loan Processing: Keeps lenders focused on exceptions. Dynamic Underwriting: Validates key loan data up front, provides more certainty on income calculation and asset verification, and confirms that the validated information meets Fannie Mae’s requirements. Process Efficiencies: Reverification is not required for assets, income, and/or employment validated in DU. Lower Fraud Risk: Lenders have lower fraud risk when data is gathered from the source. Freedom from Representations and Warranties: Day 1 Certainty gives lenders freedom from representations and warranties for validated loan components plus greater speed and simplicity, and enables an improved borrower experience. “We are extremely pleased to be participating in Fannie Mae’s DU verification service. It represents the new standard for excellence, speeding up the workflow process and providing borrower convenience and lender reassurance,” said Eric Connors, executive...
    Click Here to Read the Full Article

    Source: www.corelogic.com
  • Fri, Jul 28 2017
  • 4:05 PM » Senator Warren calls on Fed to remove Wells Fargo board members
    Published Fri, Jul 28 2017 4:05 PM by Reuters
    WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren called on Federal Reserve Chair Janet Yellen to remove members of Wells Fargo & Co's board after revelations the company improperly charged customers for auto insurance.
  • 3:14 PM » US Economic Growth Rebounds, But Breaking Out Is Hard to Do
    Published Fri, Jul 28 2017 3:14 PM by Bloomberg
    Bloomberg US Economic Growth Rebounds, But Breaking Out Is Hard to Do Bloomberg The U.S. economy's second-quarter rebound puts the expansion back on its familiar, steady path more than it heralds anything new and exciting. Gross domestic product grew at a 1.9 percent annual pace for the first half, below the expansion's 2.2 ... and more »
  • 2:23 PM » Freddie Mac: Mortgage Serious Delinquency rate declined in June, Lowest since April 2008
    Published Fri, Jul 28 2017 2:23 PM by Calculated Risk Blog
    Freddie Mac reported that the Single-Family serious delinquency rate in June was at 0.85%, down from 0.87% in May.  Freddie's rate is down from 1.08% in June 2016. Freddie's serious delinquency rate peaked in February 2010 at 4.20%. This is the lowest serious delinquency rate since April 2008. These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  Click on graph for larger image Although the rate is still declining, the rate of decline has slowed. Maybe the rate will decline another 0.2 to 0.3 percentage points or so to a cycle bottom, but this is pretty close to normal. Note: Fannie Mae will report for June soon.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 2:10 PM » Banks must face interest rate swap class action: U.S. judge
    Published Fri, Jul 28 2017 2:10 PM by Reuters
    NEW YORK (Reuters) - A U.S. judge on Friday said investors may pursue part of their nationwide antitrust lawsuit accusing 12 of the world's biggest banks of conspiring to rig the $275 trillion market for interest rate swaps.
  • 2:10 PM » Fed's balance sheet not boosting U.S. economy much: Kashkari
    Published Fri, Jul 28 2017 2:10 PM by Reuters
    (Reuters) - The Federal Reserve's $4.5 trillion balance sheet is not doing a lot to boost the U.S. economy right now and trimming it gradually is the right thing to do, Minneapolis Fed President Neel Kashkari said on Friday.
  • 12:59 PM » Economy Grew At a Faster Pace in Q2
    Published Fri, Jul 28 2017 12:59 PM by eyeonhousing.org
    In the second quarter of 2017, the nation's economy grew at a faster pace than in the first quarter. According to the Bureau of Economic Analysis, real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the second quarter of 2017. In the first quarter, GDP grew at an annual rate of 1.2 percent. The first... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 12:46 PM » What Luxury Home Builders Consider Worth the Splurge
    Published Fri, Jul 28 2017 12:46 PM by www.realtor.com
    In their own homes, construction-company bosses will spend money on the best materials and perks like seven ovens and a dog-grooming room. But some eschew complex home-automation systems. The post What Luxury Home Builders Consider Worth the Splurge appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 11:15 AM » Redfin shares surge more than 30% in $138.5 million real estate tech IPO
    Published Fri, Jul 28 2017 11:15 AM by CNBC
    Redfin specializes in buying and selling homes and uses a mobile app to do tasks like schedule home tours and suggest listings.
  • 9:51 AM » New Documents Give Hope to Fannie Shareholders Seeking Redress
    Published Fri, Jul 28 2017 9:51 AM by Bloomberg
    Bloomberg New Documents Give Hope to Fannie Shareholders Seeking Redress Bloomberg Shareholders of Fannie Mae and Freddie Mac say a trove of documents they have obtained bolsters their case that the government lied when it decided to take all of the mortgage companies' profits. Investors have filed dozens of lawsuits in courts across ... and more »
  • 8:40 AM » US second quarter GDP meets expectations
    Published Fri, Jul 28 2017 8:40 AM by CNBC
    The second-quarter GDP data follows a weak first-quarter report.
  • 8:25 AM » Looking to Make a Quick Buck? Sell Your Home
    Published Fri, Jul 28 2017 8:25 AM by www.realtor.com
    Homeowners are pocketing the most extra money on selling their homes since the height of the last housing market, according to a new report. The post Looking to Make a Quick Buck? Sell Your Home appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 8:23 AM » US Treasurys mostly lower as bond investors await GDP data
    Published Fri, Jul 28 2017 8:23 AM by CNBC
    U.S. government debt prices were mostly lower on Friday, as investors await key data releases including gross domestic product (GDP).
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