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

News

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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News Corp will buy Move for $950 million

Realtor.com may soon belong to Rupert Murdoch
Ben Lane
Under the terms of the acquisition agreement, which was announced on Tuesday, News Corp will acquire all of Move’s outstanding shares for $21 per share. According to a release from News Corp, that price represents a premium of 37% over Move’s closing stock price on September 29.
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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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Body of missing Arkansas Realtor found in shallow grave

Family, friends mourn; suspect charged with capital murder
Trey Garrison
The search for Beverly Carter, the Arkansas Realtor who has been missing since Sept. 25, ended early Tuesday when her body was found in a shallow grave about 20 miles north of Little Rock.
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Simplifying the process makes everyone happy
Kofax

Using a mobile app solution to complement your origination process gives you the tools you need to engage consumers on their preferred device and turn the experience into a positive one. 


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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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Are your Facebook friends the future of your FICO score?

One financial expert thinks so
Ben Lane
“You could easily have a scenario in 10 years where a customer’s chances of credit are determined not only on their spending, but also on their friends, family members and their social profile,” Gi Fernando said. “By giving up a bit more information to the banks, you might stand to benefit in a wider choice of products.”
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Search continues for Arkansas Realtor after suspect arrest

Friends, real estate agents, volunteers comb rural, watery area
Trey Garrison
The search for Beverly Carter, the Arkansas Realtor who has been missing since Sept. 25, continued Monday into the evening even after the arrest of a suspect on the charge of kidnapping.
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Was the rescue of the Too Big To Fails even legal?

Lawsuit on AIG bailout may provide the answer
Trey Garrison
Reuters reports that one of the most interesting things coming out of the trial that began Monday is that finally someone is asking whether the federal government’s rescue of American International Group was even legal.
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Bank of America to pay $7.65 million for $4B capital error

SEC, BofA agreement also includes new stress test for bank
Trey Garrison
Bank of America (BAC) is settling with the Securities and Exchange Committee to pay a $7.65 million penalty for a $4 billion capital error it disclosed earlier this year.
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