Mar 7, 2013 11:55AM

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...

Mar 7, 2013 3:57PM

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...


Micro News

3:34 PM:

Several Negative Reprices Reported. Still holding Support

10:31 AM:

MBS Hit New Lows. Reprice Risk Already?

9:23 AM:

Bond Markets Significantly Weaker Following Claims/Draghi

8:45 AM:

ECON: Productivity Slightly Lower, Labor Costs Slightly Higher Than Expected

8:40 AM:

ECON: Trade Deficit Slightly Wider Than Expected

8:36 AM:

ECON: Jobless Claims Lower Than Expected

4:19 PM:

Late Day Reprice Risk As MBS Hit New Lows

2:08 PM:

FED: Beige Book

Around the Web

Video News

Bank Stress Tests

Ara Hovnanian: Fed Won't Derail Housing Renaissance

Santelli: Reforming Government-Sponsored Enterprises


Today's Comments

akaagassi

"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..."

Jason Harris

"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..."

craig simons

"I certainly respect the risk and investment a builder makes - with very little certainty and assurance a transaction will close - but coercing buyers ..."

Today's Q&A

"Starting A mortgage office?"

"reinstatement of title deed to my name"

"can more than one offer raise the price of a sale"