Judge throws out Fannie and Freddie investors’ lawsuit

More signs of a sliding housing market

Affordability has issues, too

Fannie: Millennial housing demand declines further

Fall comes even as housing affordability for young improves
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News

KBRA: Home price growth will continue to slow to normalized levels

Sustainable price appreciation should align more with income, inflation
Trey Garrison
Home prices rebounded at annual rates of more than 10% in 2012 and 2013 according to most popular measures of home price appreciation, buoyed by a lack of supply and a large number of cash buyers, Kroll Bond Ratings reports.
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JPMorgan to face $10B MBS case

Bank hit with class action lawsuit
Brena Swanson
JPMorgan Chase must face a class action lawsuit by investors who claimed the bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis
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Construction spending declines 0.8% in August

Private and residential spending both down from July
Trey Garrison
Construction spending fell 0.8% in August to a seasonally adjusted annual rate of $961 billion, well below analyst expectations and below the July printing of $968.8 billion, the Census Bureau said.
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ADP projects 213K new jobs for September

High optimism in payroll company projection
Trey Garrison
ADP's estimate for private payroll growth for September is 213,000 jobs created.
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Mortgage applications decline 0.2% for week

Purchase apps down 11% from last year
Trey Garrison
Mortgage application activity for the week ending Sept. 26 was fell 0.2% on a seasonally adjusted basis, according to the Mortgage Bankers Association.
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Trulia: Home prices 3% undervalued by historic measure

Only 7% of 100 largest metros are more than 10% overvalued
Trey Garrison
Trulia Chief Economist Jed Kolko says that despite the current deceleration in home prices worrying some, and claims from others that home prices are too high, home prices nationally are actually 3% undervalued in the third quarter of 2014.
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Judge throws out Fannie and Freddie investors’ lawsuit

Decision favors Federal government
Jacob Gaffney
The decision arrives more than a year after hedge fund Perry Capital sued the Treasury Department and the Federal Housing Finance Agency, which oversees the government-owned mortgage companies.
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Forsythe Appraisals adds Richard Shackelford as VP of business development

Brings experience in loan origination, loan operations
Ben Lane
In the new role, Shackelford will be responsible for the successful growth of both local and national client opportunities and brand recognition for the company.
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Florida bank to pay all employees “living wage”

First Green Bank ups wages and eliminates salary caps
Ben Lane
According to a report from CNN Money, the bank will be giving a raise to 17% of its 66 employees this week to raise their salaries to a level that’s at least double the minimum wage for the state of Florida.
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Mortgage Contracting Services acquiring CoreLogic business units

MCS to take Collateral Solutions, Field Services
Trey Garrison

Mortgage Contracting Services is acquiring CoreLogic’s Collateral Solutions and Field Services business units.

Editor's Note: An earlier version of this email incorrectly claimed Concentric Equity Partners lacked involvement in the deal. In fact, Concentric owns MCS. Please be advised the article itself was never in error.


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