CoreLogic: Foreclosures down more than 25% since August 2014

CoreLogic: Foreclosures down more than 25% since August 2014

Foreclosure pipeline of legacy loans remains elevated

Here’s how TRID is changing the mortgage industry

Up and down the pipeline things are changing

Monday Morning Cup of Coffee: Is Fed, housing policy at a crossroads?

Plus why private investors don’t want to buy mortgages, TRID and more
Real Estate / The Ticker

Homebuilders posed for pullback

Recent activity on Wall Street indicates sector weakness

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Given the recent swift increase in 10-year US Treasury yields, mortgage rates jumped nearly 100 basis points from their April 2013 lows of about 3.5% to around 4.5% in July. This was due mostly to a recent statement by the Federal Reserve that they might consider tapering their bond purchases in the near future due to the economy "starting to show signs of improvement."

This rise in borrowing costs seems to have made investors nervous and caused bond prices to tumble as yields jumped higher. But the real story to watch is the share price of the homebuilders. They are poised to feel the brunt of this market fear.

Source: Seeking Alpha
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