Realtor.com: Here are the 20 hottest markets this summer

Pending home sales continue momentum in May

Northeast leads as South, Midwest decline

4 reasons why now is a good time to buy a home

Hint: Rates won’t be low forever
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Investments

Impac boosts lending capabilities with $30M loan from Macquarie Group

Plans to use funds to “opportunistically” retain mortgage servicing rights
Ben Lane
Impac Mortgage Holdings, which is already having itself quite a year, is set to grow its lending capability even more, thanks to a capital infusion from the Macquarie Group. Here are the details.
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Freddie Mac’s second actual loss STACR deal prices wide

Previous deal upsized due to market demand
Ben Lane
After market demand caused Freddie Mac to increase the size of its first Structured Agency Credit Risk series offering featuring actual loss positions, Freddie Mac announced the pricing of its second actual loss STACR deal, with STACR Series 2015-DNA2 pricing wide compared to STACR Series 2015-DNA1.
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U.S. Conference of Mayors: Don’t sell non-performing loans to Wall Street

Mayors tell HUD, Fannie and Freddie to sell to non-profits instead
Ben Lane
The U.S. Conference of Mayors is joining a growing chorus calling on the U.S. Department of Housing and Urban Development, Fannie Mae and Freddie Mac to stop selling pools of non-performing loans to “Wall Street speculators,” and requesting that the pools be sold instead to non-profits interested in keeping homeowners in their homes.
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The three-card Monte accounting of Fannie, Freddie conservatorship

Admittedly partisan study raises troubling questions
Trey Garrison
A forensic look at the complex legerdemain that was federal government putting the GSEs in conservatorship reveals some head-scratching accounting and some three-card Monte style mathematics.
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Housing advocates: REO-to-rental boom is bad for California renters, buyers

Want regulators to step to stop Main Street banks financing “displacement”
Trey Garrison
A new report by the affordable housing nonprofit group California Reinvestment Coalition says the practice of investors buying and renting foreclosed homes hurts neighborhoods throughout California. Are they right?
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Monday Morning Cup of Coffee: CFPB under the gun again

Plus disparate impact, what the Fed is doing, #FannieGate and more
Trey Garrison
Today could be a big legal day for housing, as the Supreme Court will determine whether housing policy is subject to the onerous burdens of “disparate impact.” Plus, housing metrics for the week, the mixed outlook on what the Fed will do with rates, more investigations of the CFPB and a whole lot more you won’t want to miss.
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CUNA discovers discrepancy in CFPB’s TRID rule, seeks answers

Asks bureau to clarify and exempt smaller volume credit unions
The Credit Union National Association asked the Consumer Financial Protection Bureau to clarify a discrepancy and to exempt credit unions that make five or fewer mortgages in a calendar year from the Know Before You Owe rule. Want to know more?
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Will homebuilding ever return to the highs of 2006?

Capital Economics: Housing starts will surge 40%
Trey Garrison
While Capital Economics is forecasting housing starts to surge by almost 40% over the next few years, reaching 1.5 million by the end of 2017, they’re not so sure the industry will see a return to pre-recession 2006 levels. Think they’re right?
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Trending Thursday: Conservatorship will never die

Plus Democrats are unhappy on how regulators are handling diversity
Trey Garrison
People upset with Fannie and Freddie and the FHFA? Check. Counterintuitive survey on financial outlook for minorities? Check. Congressfolks saying the regulators are dropping the ball on diversity? Big check. Read on, traveler.
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New housing policy foundation breaks silence on housing crisis

Ladies and gentlemen, the J. Ronald Terwilliger Foundation for Housing America’s Families
Trey Garrison
Housing and mortgage finance reform either gets shuffled off to arguments in congressional subcommittees that go nowhere, or just plain ignored by policymakers. A new foundation with a power lineup plans to change all that, and they may have the capital to do it.
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