Consumers More Upbeat on Housing than Broader Economy

Americans are feeling much better about housing than they do about the economy as a whole judging by their responses to the February National Housing Survey . The survey, conducted monthly by Fannie Mae found that both homeowners and renters expect home prices to rise and are increasingly disposed toward buying a home rather than renting one but are changing little in their expectations about the economy or their personal finances. The percentage of respondents who expect home prices to go up over...

Unintended Consequences of Judicial vs Non-Judicial Foreclosure

The Lender Processing Services (LPS) Mortgage Monitor for January which was released on Thursday takes a detailed look at what it calls the "Time to Clear" default backlog and what might be termed the unintended consequences of legislative or judicial action in a few states. The report shows the now well-known divergence in the foreclosure pipelines of states that use judicial and non-judicial foreclosure processes but, as its Senior Vice President Herb Blecher says, even this now-familiar judicial...

• Mortgage Rates Close To Multi-Month Highs Ahead Of Important Jobs Data
• MBS RECAP: One-Two Punch From Draghi and Jobless Claims Ahead of NFP
• Foreign-Born Households will Drive Homeowner and Rental Markets this Decade
• Sequester or Not Housing Recovery to Bode Well for Employment
• Refinancing Actvity Surges Back to January Levels on Lower Rates
• Credit Unions Have Good Year; Refresher on Types of Loans Under Qualified Mortgage Concept

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Around the Web

• Fisher Says Fed Should Taper Asset Purchases as Housing Gains
• Fed Stress Tests Show 17 of 18 Banks Weathering Severe Recession
• Federal Reserve releases summary results of bank stress tests
• Goldman Sachs and Morgan Stanley Near Bottom of Stress Tests
• Freddie Mac Issues Monthly Volume Summary for January 2013
• Hovnanian: Housing Market Is About to Get Moving

Video News

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Today's Comments

	"I see $8,000+ seller credit if using the builders lender - that's not built into the price? You're a fool if you think for a second that it isn't..."
	"In our current regulatory environment, I am surprised the affiliate model has lasted this long. I don't see a long shelf life for practices as they..."
	"I certainly respect the risk and investment a builder makes - with very little certainty and assurance a transaction will close - but coercing buyers ..."

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