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
W S

News

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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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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Shareholders rights law firms launch investigations into News Corp/Move deal

Four firms immediately question stock purchase price
Ben Lane
Within hours of the deal's announcement, the law firms of Johnson & Weaver, Rigrodsky & Long, Powers Taylor, and Levi & Korsinsky all announced investigations into whether Move breached its fiduciary responsibility to its shareholders by accepting $21 per share in the sale to News Corp instead of a higher valuation.
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Fannie: Millennial housing demand declines further

Fall comes even as housing affordability for young improves
Trey Garrison
As has been extensively documented, Millennials face an uphill battle in homebuying owing to everything from higher unemployment rates and student debt to affordability challenges.
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