Mar 26, 2013 10:39AM

Home Prices Accelerate in January, Posting Highest Yearly Increase Since 2006

Average home prices increased in all 20 of the cities tracked by the S&P/Case-Shiller Home Price Indices over the 12 months ended in January. Each of Case-Shiller's city indices also increased the 10-City Composite by 7.3 percent and the 20-City Composite by 8.1 percent. Nineteen of the 20 cities had larger annual increases in January than they had in December. On a monthly basis the 10-City Composite increased 0.2 percent and the 20-City was up 0.1 percent. New York City had been the sole metropolitan...

Mar 26, 2013 9:07AM

OIG Finds GSEs, FHFA Lax in Oversight of Counterparty Compliance

Another report, the third in a week, has been issued by the Federal Housing Finance Agency's (FHFA) Office of Inspector General (OIG). The latest report is an assessment of FHFA's oversight of Fannie Mae's and Freddie Mac's (the GSEs) compliance with their contractual agreements with counterparties . Counterparties include entities that sell mortgage loans to the GSEs or who service loans for them. Both GSEs have written selling and servicing guides that their counterparties represent and warrant...

Micro News

4:01 PM:

Late Day Illiquidity Causing Volatility. MBS Slightly Weaker

2:39 PM:

Back To More Neutral Stance Into Afternoon

12:30 PM:

Edging Into Positive Reprice Territory

10:23 AM:

Relatively Tepid, Slightly Positive Response To Data

10:09 AM:

ECON: New Home Sales Weaker Than Expected

10:05 AM:

ECON: Consumer Confidence Declines, Misses Expectations

9:19 AM:

Home Prices Accelerate in January 2013 According to the S&P/Case-Shiller Home Price Indices

9:16 AM:

Moderately Weaker After Uneventful Overnight Trading

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Today's Comments

Frank Ceizyk

"Information and delivery of info has been outstanding. Saw some chat about CPFB interviewing employees about knowledgebase--I wonder when MND will become..."

David Z.

"Rob, great article. But I was really hoping you would close the loop with answers to the question you pose in the 3rd paragraph regarding cutoff dates..."

Jana Holmstrup

"Wonder if these Senators and AGs would be as demanding if we asked THEIR states to pay for the principal reductions."

Today's Q&A

"Can I use a section of raw land as equity for a down payment for our new home? "

"czn i sell my if I've had a loan modification?"

"a house has been transfered to me by a friend can his family try to reverse it"