Market shift: HSBC offloads huge REO portfolio to Altisource

How to get a mortgage right now, even with bad credit

HUD, FHA programs abound for those hit by the recession

America’s housing not ready for ever-expanding over-50 population

Harvard/AARP Study: Housing lacks accessibility for boomers
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Investments

FHFA changes to FHLBs would devastate REIT membership

FHFA director proposes ongoing stake, more stringent definitions
Trey Garrison
The Federal Housing Finance Agency is proposing a new rule that would revise the requirements for financial institutions to apply for and retain membership in one of the 12 Federal Home Loan Banks, and dial real estate investment trusts out.
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America’s housing not ready for ever-expanding over-50 population

Harvard/AARP Study: Housing lacks accessibility for boomers
Trey Garrison
Americans are living longer and the country doesn’t have nearly enough appropriate housing to support them, according to a new report by the Harvard Joint Center for Housing Studies and AARP Foundation.
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Home price growth slows to 21-month low

CoreLogic: July gains just 7.4%
Trey Garrison
Home prices nationwide, including distressed sales, increased 7.4% in July 2014 compared to July 2013, according to the July report from CoreLogic – a significant slowdown that continues the long-term trend and a 21-month low.
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The devil is in the mortgage finance reform details

On the bumpy road to a common securitization platform
Barry Zigas
It now seems all but certain that 2014 will end without any further progress on comprehensive mortgage finance legislation. But the coming months will offer little comfort for those who rooted for such a stalemate in hope of avoiding hard decisions about fundamental parts of the current system.
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The best and worst markets for house flippers

Flippers nationwide bought at average 8% below and sold at 6% above
Trey Garrison
In the second quarter on average flippers bought properties for an 8% discount below their estimated market value and re-sold them at an average 6% premium above their estimated market value.
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Here’s why home price growth will slow to 4% in 2015

Capital Economics says lingering crash weakness still dragging
Trey Garrison
Home-price growth has slowed across the board, and Capital Economics says the slowdown is on track to meet the company's forecast for inflation to slow to 4% in 2015.
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Bank of America urges judge to toss “Hustle” case verdict

Case links to Countrywide mortgages
Brena Swanson
Bank of America asked U.S. District Judge Jed Rakoff in Manhattan to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty.
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Banks agency MBS holdings decline in second quarter

Barclays client note shows biggest gainers and decliners
Trey Garrison
The National Information Center has released consolidated financial statements for bank holding companies for the second quarter, according to a client note from Barclays, showing agency MBS holdings decreased by $4 billion for the top 50 banks by assets in their HTM and AFS portfolios.
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Watch a HousingWire writer do the ALS challenge with tomato soup

All because today's upward 2Q GDP revision was "unexpected"
Trey Garrison
It was an morning of unexpected surprises -- an upwardly revised GDP, and a Campbell's tomato soup shower.
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Vacancies drop again in Invitation Homes rental securitizations

Continues downward trend
Ben Lane
In Invitation Homes’ $1 billion single-family rental securitization, which launched earlier this year, the cash flow vacancy rate of the underlying properties fell to 5.4% as of July 31, down from June’s revised figure of 6.2%.
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