Case-Shiller: Home price gains decelerate rapidly

Case-Shiller: Home price gains decelerate rapidly

Biggest drop in HPI since November 2012

Can Quicken Loans save Detroit?

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

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

Realtor confidence on home price growth slips, but solid

Members less confident than trade economists on coming year
Trey Garrison
Members of the National Association of Realtors expect home prices to increase modestly in the next 12 months, with the median expected price increase at 3.5%, according to data gathered from the August 2014 Realtor Confidence Index Survey.
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Case-Shiller: Home price gains decelerate rapidly

Biggest drop in HPI since November 2012
Trey Garrison
Home price growth slowed far more than expected in July, according to the latest Case-Shiller Home Price Index.
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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.
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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.


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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.
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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.
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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.
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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.
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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.
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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.
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