Trending Thursday: Fed chills on Great Fall of China?

Trending Thursday: Fed chills on Great Fall of China?

Plus bringing private capital back to Fannie, Freddie and more

What should you do if your Realtor has a family emergency?

But you’re ready to make an offer now

RealtyTrac: Share of in-foreclosure sales hits 15-year low

Cash sales hit 8-year low
W S

Investments

Ex-Fifth Third banker starts mortgage-bond hedge fund

Cincinnati Business Courier takes a look at Mariemont Capital
Meet Kevin Taylor. In 2013, he left his position running mortgage-backed securities trading desk at Fifth Third Bank to start Mariemont Capital. And according to a report from the Cincinnati Business Courier, Taylor is finding success investing in residential mortgage bonds and delivering big returns for his investors.
Read More

Trending Thursday: Fed chills on Great Fall of China?

Plus bringing private capital back to Fannie, Freddie and more
How much will the China and global equities plunge inform the Fed’s September meeting on rates? What’s the housing situation in New Orleans a decade after Katrina? And can private capital return to mortgage finance if it’s not sure that capital is safe? Read on.
Read More

Seattle’s ‘Up’ house is getting its own movie

Edith Macefield fought encroaching development, story now Hollywood-bound
The tale of the small Seattle-area home that rose to fame after the owner famously turned down $1 million for her home even as a shopping mall was being built around her and was once used to promote the Disney film “Up,” because of its similarities to the movie, is now headed to Hollywood itself.
Read More

New home sales jump 5.4% in July to 507K

July’s reading a 25.8% gain in one year
New home sales showed solid if expected gains in July. And while volatility is common for new home sales, other housing data released last week suggest it's not a blip, analysts say. Here's the breakdown.
Read More

Dow crash will only temporarily slow housing stocks

The bigger picture in the industry remains more worrisome
Within minutes of the opening bell on Wall Street this morning, as we are all now well aware, the Dow Jones Industrial Average was off by 1089 points. While I have been predicting a negative turn of economic events here in the U.S. created by fanciful delusions that our economy is in growth mode, I believe what we are experiencing is actually a "pressure release valve" being activated.
Read More

FHFA: Fannie, Freddie risk-sharing bonds are here to stay

And plenty more are coming too
It looks like the credit risk-sharing bonds from Fannie Mae and Freddie Mac aren’t going away anytime soon. In fact, according to a new report from the Federal Housing Finance Agency, the three-year-old risk-sharing program, which is designed to help alleviate some of the financial risk for the taxpayers and attract private capital back into the market, is going to expand and improve on its current structure.
Read More

Ed DeMarco: Kill Fannie Mae and Freddie Mac

Former FHFA Director says it’s been 7 years, it's time for them to go
The former Acting Director of the Federal Housing Finance Agency, Ed DeMarco, who oversaw the government putting the GSEs into conservatorship, says now it’s time for taxpayers to be free of backstopping mortgages. Is he onto something?
Read More