The Census Bureau is cooking up new home sales numbers

The Census Bureau is cooking up new home sales numbers

You can’t make bricks with imaginary straw

The 12 hottest housing markets right now

And the biggest losers in the price growth race

Higher fees proposed for FHA mortgages

MBA: This is far in excess of what the FHA needs
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News

Jobless claims jump 21K in one week

4-week rolling average also climbs
Trey Garrison
Right when you'd think holiday hiring would be picking up, jobless claims rise 21,000 in one week. This does not bode well.
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Freddie Mac: Here are the top 5 improving metro markets for housing

Denver and Las Vegas the only repeats
Brena Swanson
September's top five improving metro housing markets according to Freddie Mac's latest Multi-Indicator Market index only repeated 2 cities, leaving room for two cities in one southern states to get their names on the list.
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BofA’s $16.65 billion toxic mortgage settlement gets green light

All legal and regulatory hurdles now clear
Ben Lane
With all of the regulatory and legal complications now ironed out, the massive $16.65 billion settlement between Bank of America, the U.S. Department of Justice, certain federal agencies and six states to resolve claims over toxic residential mortgage-backed securities is now finalized.
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John Levonick named chief compliance counsel for Opus CMC

Tasked with navigating regulatory environment
Ben Lane
Opus Capital Market Consultants, a provider of mortgage due diligence, announced that is has named John Levonick as the company’s new chief compliance counsel. Levonick will lead the company's regulatory and compliance efforts.
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The Census Bureau is cooking up new home sales numbers

You can’t make bricks with imaginary straw
Trey Garrison
High initial print that beats expectations is followed by a dramatic downward revision. This didn't happen once, but for the last five months straight.
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Pending home sales reverse course

Slightly drop from last week’s levels
Brena Swanson
Despite pending home sales posting a slight decline, it is still above year-over-year levels for the second month straight, and the rest of the news for homes sales doesn’t look bad either.
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Former Dallas Cowboys QB Troy Aikman lists Dallas home

Paid $4.6 million last year; wants $5.3 million now
Ben Lane
After selling his long-time home in the chic Dallas enclave of Highland Park, former Dallas Cowboys quarterback Troy Aikman purchased two homes last year, one for $4.6 million and another for $4.3 million. Now, Aikman is looking to sell the more expensive of the two homes and he’s looking to make a profit as well.
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Freddie Mac: Mortgage rates stay frozen heading into holidays

Rates remain around 4%
Brena Swanson
Mortgage rates once again barely budged from last week’s numbers, with most staying unchanged. Here’s where rates stand heading into Thanksgiving weekend.
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New home sales squeak out weak gain in October

Again Census revises previous month’s print down
Trey Garrison
New home sales squeaked out a 0.7% gain, but that's only because of smoke and mirrors and a weird surge in the Midwest. Take a look.
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Mortgage apps fall 4.3% despite low mortgage rates

Refinancing share tick up but volume down
Trey Garrison
Mortgage rates are still at long-term lows but despite ticking up last week, mortgage applications remain doggedly down. Here's how it breaks down.
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