Can Quicken Loans save Detroit?

Can Quicken Loans save Detroit?

Forbes: “Dan Gilbert is saving Detroit to help his business”

Suspect arrested in case of missing Arkansas Realtor

No word on Beverly Carter; suspect is on parole for theft

Monday Morning Cup of Coffee: Love or loathe – Reverse mortgages, Holder’s legacy

Plus, a week of critical housing and mortgage finance metrics ahoy
W S

Investments

WinWater Home Mortgage launching second jumbo RMBS

$276.9 million offering receives AAA ratings from KBRA
Ben Lane
The company, which refers to itself as “a residential mortgage conduit aggregator focused on opportunities in the non-agency jumbo sector,” is bringing WinWater Mortgage Loan Trust 2014-2 to market.
Read More

Capital Economics: Home price growth will slow to 4% annualized

Loosening credit, stronger wage growth could trigger homebuilding boom
Trey Garrison

Loosening mortgage credit conditions, decent job gains and an eventual acceleration in wage growth will help home sales to rise over the next 12 months, according to Paul Diggle, property economist at Capital Economics.


Read More

Can Quicken Loans save Detroit?

Forbes: “Dan Gilbert is saving Detroit to help his business”
Ben Lane
Dan Gilbert, the founder and chairman of Quicken Loans, is still pushing to save the city of Detroit. He's invested millions in the revitalization of Detroit's downtown area and the results of his efforts are having a real impact on the recovery of the city and on Quickens Loans' business too.
Read More

Black Knight: Home prices up just 0.2% in July month-over-month

Home prices now just 10.2% off 2006 pre-crisis peak
Trey Garrison
Home prices are now just 10.2% off the 2006 peak, but price appreciation is slowing both month-over-month and year-over-year, according to the latest data from Black Knight Financial Services.
Read More

Monday Morning Cup of Coffee: Love or loathe – Reverse mortgages, Holder’s legacy

Plus, a week of critical housing and mortgage finance metrics ahoy
Trey Garrison
Two things that don't engender a lot of middle ground — reverse mortgages and Attorney General Eric Holder. Plus, the top 10 homebuilders and housing/mortgage finance metrics galore — it's all in here.
Read More

Real estate contact agent loses it over Mexican flag

Woman goes on rant, YouTube, and then unemployment
Trey Garrison
Forgetting that yes, this is America, and that therefore people are free to fly whatever flag they want to in their own yard, an Ontario, California woman went on a tear that went viral and cost her the job she held at a real estate company.
Read More

BEA final 2Q GDP estimate prints at unbelievable 4.6%

Third revision even higher than second
Trey Garrison
The second quarter gross domestic product grew at an annualized rate of 4.6%, according to the third and final estimate from the government Bureau of Economic Analysis.
Read More

Bond guru Bill Gross suddenly bolts PIMCO for Janus

Leaves SEC investigation behind?
Jacob Gaffney
Bill Gross is a legend in bond trading, as one of three co-founders of PIMCO, the largest global bond broker/dealer. He leaves to join Janus amid reports of an SEC investigation concerning bond platforms he managed at PIMCO and rumors that his behavior had become "erratic" and that he was to be fired imminently.
Read More

OIG: FHFA can mitigate GSE risks from servicing, selling guidelines

GSEs don’t require independent assurance on counterparties
Trey Garrison
The Federal Housing Finance Agency can further mitigate the risks posed by Fannie Mae’s and Freddie Mac’s reliance on their counterparties’ information on origination and servicing compliance.
Read More

Will Friday be a rebound for housing stocks?

HW 30 looks like an abattoir floor
Despite some stellar news on Wednesday on new home sales, the HW 30 – HousingWire’s proprietary index of stocks that drive the housing economy – had a rough go of it, especially the stocks that straddle housing and technology.
Read More