Ex-NFL star sentenced to five years in prison for mortgage fraud

Ex-NFL star sentenced to five years in prison for mortgage fraud

Irving Fryar and his mother convicted of conspiring to steal $1.2M

Experian hacked: 15 million people’s credit data stolen in breach

Credit reporting agency becomes latest victim of data breach

Here's what today's job creation implosion means for housing and mortgage finance

Jobs crater, labor participation rate near 40-year low and zero wage growth

FHFA: House prices dip 0.6% in 2Q

House prices dropped 0.6% in the second quarter and remain 5.9% below levels measured one year ago, according to the Federal Housing Finance Agency index. The quarterly drop comes as prices increased 0.9% in June from the month before. The FHFA calculates pricing on home purchases and refinancing through Fannie Mae and Freddie Mac. In June, the index was 18.8% below the peak in April 2007.

Prices for other goods and services in the economy climbed 4.5% since the second quarter of 2010. With this inflation factored in, the FHFA said house prices actually fell 10% from one year ago. Prices declined the steepest in Arizona over the last year, dropping nearly 15% over that time. Prices in the foreclosure-riddled state have been cut in half since the peak in 2007. House prices increased in only three areas over the past year, climbing 12.1% in Washington, D.C., 3.9% in North Dakota and 0.3% in Oklahoma, according to the FHFA index. Write to Jon Prior. Follow him on Twitter @JonAPrior

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