Wed, Sep 24 2014, 10:40 AM
There was a significant jump in new home sales in
August as the seasonally adjusted rate broke through the half million mark for
the first time sin...
Tue, Sep 23 2014, 12:58 PM
Fannie
Mae's economists are painting a much improved picture for the economy in the
coming months with encouraging news in the area of business in...
Tue, Sep 23 2014, 12:43 PM
Home prices as measured by the Federal Housing
Finance Agency (FHFA) eked out another small increase in July, but monthly
figures show a definite s...
Tue, Sep 23 2014, 10:58 AM
It would be nice to think that fraud in any industry doesn't exist - but it does. And a story in the Los Angeles Times
reminds readers that frau...
Mon, Sep 22 2014, 12:31 PM
This morning's Existing Home Sales data was slightly weaker than expected. The annual pace fell to 5.05 mln from 5.15 mln last month. Expectations...
Mon, Sep 22 2014, 11:35 AM
The investors who kept the real estate market living and breathing through
the worst days of the housing crash continue to drift out of the market th...
Mon, Sep 22 2014, 10:14 AM
I've been hearing it for a while, "the market is slow, and home appreciation is stagnant." But here in South Carolina, for example, many markets are o...
Thu, Sep 11 2014, 1:43 PM
The Mortgage Bankers Association's (MBA's)
measure of new home sales reflected a significant drop in the volume of applications
for mortgages to p...
Wed, Sep 10 2014, 10:55 AM
The
city of San Francisco has 121 square kilometers (about 47 square
miles). The Dallas-Ft. Worth Airport's area is about 70 square
kilometers, ...
Tue, Sep 9 2014, 2:38 PM
The market share of all-cash home sales
continues to fall and in June made up the lowest share since the beginning of
the financial crisis . Cor...
Fri, Sep 5 2014, 10:35 AM
There's
a lot of data swirling around the demographic black-hole of lending
known as "the Millennials." I've come to the conclusion that this is
...
Fri, Aug 29 2014, 12:42 PM
RealtyTrac estimated that home
sales in July were at an annualized rate of 4.63 million units , a decrease of 3
percent from June and down 12 perce...
Fri, Aug 29 2014, 10:11 AM
Cleverness
is alive and well in lending, and the "free Russian cat with your loan
funding" story yesterday brought a few e-mails. Chris L. contrib...
Thu, Aug 28 2014, 11:14 AM
What's this? The borrower receives a cat when their mortgage closes?
What would the CFPB say? Will fleas lead to a class action lawsuit a
year d...
Thu, Aug 28 2014, 11:09 AM
Favorable housing conditions were
credited for leading pending home sales higher in July to their best level
since August 2013 . Pending sales as...
Wed, Aug 27 2014, 1:11 PM
Home prices have now increased on a quarterly
basis 12 consecutive times. The Federal
Housing Finance Agency (FHFA) said yesterday that the 12 th ...
Tue, Aug 26 2014, 11:39 AM
The S&P Dow Jones Case-Shiller Home Price Indices for June confirm
what reports from earlier months have indicated, that there is a sustained
slowd...
Tue, Aug 26 2014, 10:04 AM
Counterparty
risk continues to be a BIG DEAL, and word broke yesterday of a huge
title agency defalcation in Georgia. (Defalcation: an amount of f...
Mon, Aug 25 2014, 11:32 AM
All
this hope (hype?) that the mortgage industry is placing on the
Millennials to bolster volume makes my head spin. (Scholars can't even
agree ...
Mon, Aug 25 2014, 10:46 AM
New home sales were down again in July, declining by
2.4 percent from June to a seasonally adjusted annual rate of 412,000
units. But the June rate...
Fri, Aug 22 2014, 11:33 AM
The race to the bottom, in terms of guidelines or razor-thin pricing margins , prompted on industry vet to send me, "There's a lot of space in the mo...
Thu, Aug 21 2014, 11:46 AM
Existing home sales in July hit their
best pace so far this year the National Association of Realtors® (NAR) said
today, reflecting a 2.4 percent in...
Thu, Aug 21 2014, 11:31 AM
It seems hard to imagine, but
CoreLogic said on Wednesday that once-upon-a time, before the housing crisis,
the sale of distressed homes made up on...
Thu, Aug 21 2014, 11:28 AM
A credit report is enough to completely steal a person's identity . It is? Does it take a few weeks? No - it takes 3 minutes .
And we wonder why...
Mon, Aug 18 2014, 11:14 AM
Measures
of builder confidence in the new home market rose again this month. The third consecutive monthly increase in the
National Association o...
Mon, Aug 18 2014, 10:59 AM
Say
what you will about Zillow (and people do), the firm does not fall
short as a driver of information. As many in the industry are preparing
t...
Thu, Aug 14 2014, 10:31 AM
Applications for the purchase of newly
constructed single-family homes rose 2 percent in July. The Mortgage Bankers Association (MBA) based
this ...
Thu, Aug 14 2014, 10:30 AM
While the share of residential real
estate transactions that are all cash continues to decline they remain well
above historic levels CoreLogic said...
Thu, Aug 14 2014, 3:46 PM
Wells Fargo has apparently decided that
a carrot is better than massive layoffs when the mortgage business starts to
slide. Bloomberg is report...
Tue, Aug 12 2014, 12:48 PM
Home price growth continued to
decelerate during the second quarter and the National Association of Realtors (NAR) said
the quarter ended with yea...
Fri, Aug 8 2014, 3:08 PM
The gap between Americans who think it
is a good time to buy a house and those who feel it is a good time to sell
narrowed by six percentage points ...
Tue, Aug 5 2014, 10:59 AM
The homeownership rate in
the US fell again last quarter, to 64.7%, the lowest rate in almost 20
years . Separately, the rental vacancy rate fe...
Mon, Aug 4 2014, 10:44 AM
Are you an appraiser ? Maybe you should be honored: there are fewer and fewer of you every year, and your ranks are down to 80,500 nationwide . Ther...
Tue, Jul 29 2014, 11:19 AM
My
plan has always been pretty simple with my children: feed and clothe
them in a loving home, make sure they get a college education followed
b...
Mon, Jul 28 2014, 10:40 AM
Pending home sales declined modestly in
June after three months of what the National Association of Realtors®
(NAR) called "solid gains." NAR's P...
Mon, Jul 28 2014, 10:36 AM
How
is it that this is the last week of July already? Lots of lenders seem
to have seen decent Julys - but perhaps not as strong as some of their ...
Fri, Jul 25 2014, 11:09 AM
"Rob, you have mentioned before that you are beginning to see some companies' volumes slowing down, and maybe even some lay-offs .
Is that still ha...
Fri, Jul 25 2014, 1:30 PM
It was a bad day on Wall Street
Thursday for housing stocks. In no particular order Census Bureau
data was released showing that new home sales had...
Thu, Jul 24 2014, 12:27 PM
Typically, negative economic data on the scale of this morning's New Home Sales would be a clearly positive factor for bond prices. Sales fell at the...
Thu, Jul 24 2014, 11:24 AM
New homes sales retreated in June from
the very strong performance reported for May; a performance that
turns out to have been less strong. A join...
Thu, Jul 24 2014, 9:53 AM
For LOs who feel "enough is
enough" with regard to the proposed Pre-Licensure Education Expiration Policy on education, timelines, and requirement...
Thu, Jul 24 2014, 4:10 PM
Mortgage rates moved higher today
at the fastest pace since July 3rd as bond markets began backing away
from more anxious levels associated wit...
Wed, Jul 23 2014, 12:58 PM
The theme for the economy and the
housing market's in 2014 has been set for months; the economy will
continue to slowly strengthen; the modest reco...
Wed, Jul 23 2014, 10:49 AM
Captain
Obvious likes to say, "Home prices don't always go up." It's probably a
cliché at this point, but it's better than the, "Buy as much home ...
Tue, Jul 22 2014, 11:27 AM
The pace of existing home sales
reached a nine month high in June, topping 5 million units for the first time
since last October while there were ...
Tue, Jul 22 2014, 9:50 AM
What, if anything, is putting a crimp in expected loan
production? Perhaps the CFPB's QM rules are indeed restricting
residential lending. In one...
Tue, Jul 22 2014, 4:56 PM
Mortgage rates were unchanged
in most cases today, though some lenders were slightly worse. Even
then, the difference from yesterday is genera...
Mon, Jul 21 2014, 9:47 AM
What
can you buy on minimum wage? Well, I guess that's a relative question;
relative to a number of factors such as where you live, your current
...
Wed, Jul 16 2014, 11:38 AM
Homebuilder confidence in the market for
new homes crossed into positive territory in July, the first time the measure
has been above the crucial 50...
Thu, Jul 10 2014, 11:23 AM
Applications for new home purchase
mortgages declined in June for the second month in a row the Mortgage Bankers
Association (MBA) said today. ...
