CoreLogic: Far fewer foreclosures coming to market

Fidelity National bails out Landcastle Title

Discovered “substantial account misappropriations”

Closing a mortgage finally makes money

Breaks 6 quarters of straight losses
W S

Investments

Are home prices the latest evidence housing is stalling, or bubbling?

It gets better? No, it gets worse – just like job growth and wage stagnation
Trey Garrison
The housing industry is not happy about recent housing data, including Tuesday’s home price releases, and it looks like it’s going to get worse before it gets better.
Read More

FHFA: Home price growth up 0.8%, well below 2013 levels

Second quarter slowdown in growth continues pattern
Trey Garrison
The Federal Housing Finance Agency shows that U.S. house prices rose just 0.8% in the second quarter of 2014, according to its purchase-only, seasonally adjusted House Price Index
Read More

Case-Shiller: Home prices continue to slow as housing stalls

Year-over-year returns down across the board
Trey Garrison
Home price growth showed a sustained slowdown in price increases, S&P/Case-Shiller Home Price Indices says.
Read More

HousingWire asks if immigrants can save housing, Fannie Mae answers yes

Immigrant ownership grew as native ownership dropped in the 2000s
Trey Garrison
Immigrant homeownership rates grew through the 2000s even as native-born homeownership declined after the bubble burst.
Read More

This New York penthouse can be yours for just $110 million

It’s easy: First, you need to get $110 million
Trey Garrison
Somewhere, someone has an index on how record-setting residential prices correlate to the price of gold, the length of women’s skirts, and so on. Mark 2014 as your year for record setting residential prices.
Read More

San Francisco earthquake rattles jumbo mortgage-bond collateral

Magnitude 6.0 earthquake should serve as risk reminder
Ben Lane
Sunday’s magnitude-6.0 earthquake should serve as a reminder that bond investors need to weigh the inherent risks that come with investing in the San Francisco market. The foundation of those investments is literally built on shaky ground.
Read More

This 1 chart shows why housing can’t shake the bad news blues

And yet every report comes in as “unexpected” to some
Trey Garrison
Going into Monday’s report on new home sales, analysts were predicting new home sales would come in above the 430,000 annualized rate, which would have been a 6% gain. Instead we got a 2.4% decline. A big swing and a miss. "Unexpectedly," of course.
Read More

New home sales decline to four-month low, down 2.4%

Sales up YOY but well below analyst expectations
Trey Garrison
New home sales disappointed in July, coming in at a seasonally adjusted annual rate of 412,000, which is 2.4% below the revised but still paltry June rate of 422,000.
Read More

Black Knight: Home prices in June rose 5.5% YOY

Home price appreciation continues to slow
Trey Garrison
At the national level, U.S. home prices in June were up 0.8% from May, and 5.5% from this time last year, but yearly increases in home appreciation continue to slow. The last three months Y/Y increases were May: 5.9%, April: 6.4% & March: 7.0%.
Read More

Monday Morning Cup of Coffee: Housing data storm ahead

Can housing shake off the winter, spring and now summer doldrums?
Trey Garrison
It’s a week of key housing data and metrics releases, and the industry will get to see if housing shakes off the winter, spring and now summer doldrums, or if everyone admits that 2014 has been suboptimal. Either way, HousingWire will be there first with the most.
Read More