Zillow: Top 10 markets to buy and sell your home now

Wealthier Americans mean a bigger bond market

More liquidity means more debt

Top 10 fastest growing cities in the nation

Most already home to thousands of millennials
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Investments

FHA-backed mortgages drop 19%

Lenders put limit on federal insurance
Brena Swanson
Major lenders and regulators are working hard to find common ground when it comes to home loans to lower-income Americans. As talks continue, the percent of federal Housing Administration loans given to borrowers with weaker credit scores is dropping.
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HUD, administration announce Promise Zone competition

Cabinets coordinate on urban, rural development in 8 new spots
Trey Garrison
Housing and Urban Development Secretary Julián Castro joined Agriculture Secretary Tom Vilsack, Transportation Secretary Anthony Foxx, and Education Secretary Arne Duncan announced Friday morning a competition to designate a new round of Promise Zones.
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Progress Residential prices first REO-to-rental securitization

Pricing beginning to normalize in burgeoning asset class
Ben Lane
In a sign that the REO-to-rental securitization market is beginning to normalize, Progress Residential 2014-SFR1 priced similarly to the last REO-to-rental securitization, American Residential Properties’ $342.67 million securitization.
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Call to end Treasury secrecy on Fannie and Freddie gets louder

Treasury continues to fight discovery, open records in lawsuits
Trey Garrison
A coalition of 17 conservative and free-market public policy groups sent a letter to the ranking members of the House Finance Services Oversight and Investigative Subcommittee urging them to demand more transparency and accountability regarding the “Third Amendment Sweep” of the six-year GSE conservatorship agreement from the U.S. Treasury.
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Wealthier Americans mean a bigger bond market

More liquidity means more debt
Jacob Gaffney
The Federal Reserve published its latest report on U.S. household wealth, which shows that even while Americans are getting more wealthy, they are also taking on a lot more debt. This is great news for the bond market since, more and more, these auto loans, student loans and credit cards are finding their way into the bond market.
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Obama administration making more big promises on housing

More plans coming to fix struggling communities
Trey Garrison
U.S. Department of Housing and Urban Development Secretary Julián Castro will join Department of Agriculture Secretary Tom Vilsack, Department of Transportation Secretary Anthony Foxx, Senator Bob Casey of Pennsylvania and Congressman Gary Peters of Michigan for a press call Friday at 11 a.m. ET to discuss the next round of Promise Zone applications.
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Fitch: Rise of nonbank servicers threatens private-label RMBS

Top five nonbank servicers now handle 64% of all private-label securities
Ben Lane
The rise of nonbanks presents heightened risks to investors, Fitch Ratings said in a new report. “In contrast to large commercial bank servicers, most nonbank servicers, including most of the current top five, have a weaker financial profile and are currently rated non-investment grade or are not publicly rated by Fitch.”
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Housing start woes go deeper than single-month drop

Analysts still see silver linings in the long term
Trey Garrison
With news Thursday that privately owned housing starts plunged 14.4% in August, many were left scratching their heads at how starts could have printed so poorly.
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Initial jobless claims beat expectations, down to 280K

Weekly claims lowest since 2000
Trey Garrison
Initial jobless claims dropped to 280,000 for the week ending Sept. 13, dramatically better than expectations of 305,000, the lowest since 2000.
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Housing starts nosedive 14.4% in August

Below analyst expectations despite coming off a heated July
Trey Garrison
After a hot July print, housing starts were expected to slow a bit, but nothing like this.
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