News

May 23, 2013 08:21 AM
FHFA: Home prices continue climb

Upward momentum in home prices remained strong in the first quarter of this year due to the Federal Reserve quantitative easing program, which continues to help asset prices rise in the housing market.

As a result, home prices inched upward 1.9% from the previous quarter...

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May 22, 2013 04:37 PM
Housing recovery fuels investor appetite for looming junk bond deal

What started off as a quiet list that was supposed to be sent to a couple dealers has now spread like wild fire around bond investors.

A forthcoming, massive collateralized debt obligations deal is being offered in a large $8.7 billion list comprised of five all-or-none packages. The...

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May 22, 2013 04:09 PM
Housing recovery fuels investor appetite for looming junk bond deal

What started off as a quiet list that was supposed to be sent to a couple dealers has now spread like wild fire around bond investors.

A forthcoming, massive collateralized debt obligations deal is being offered in a large $8.7 billion list comprised of five all-or-none packages. The...

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May 22, 2013 01:39 PM
FOMC shows willingness to taper asset purchases

The most recent Federal Open Market Committee minutes from the Federal Reserve shows a number of participants expressed a willingness to begin reducing quantitative easing by June as long as the underlying economic data supports such a decision.

...

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May 22, 2013 09:50 AM
Bernanke forewarns against hitting the brakes too early

The economy is on sturdier footing than a year ago, but Ben Bernanke, chairman of the Federal Reserve, is trying to avoid squashing the current recovery.

The Federal Open Market Committee has made it clear that it is prepared to increase or reduce the...

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May 22, 2013 09:46 AM
Bernanke forewarns against hitting the brakes too early

The economy is on sturdier footing than a year ago, but Ben Bernanke, chairman of the Federal Reserve, is trying to avoid squashing the current recovery.

The Federal Open Market Committee has made it clear that it is prepared to increase or reduce the...

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May 22, 2013 09:48 AM
Architecture Billings Index reverses recent gains

The Architecture Billings Index switched gears in April, falling to 48.6 from a mark of 51.9 in March, according to the AIA Economics & Market Research Group.

The ABI reflects an approximate nine to 12 month lag in time between architecture billings and...

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May 22, 2013 09:31 AM
Existing-home sales remain below underlying demand

After falling in March, existing-home sales increased in April, although they were still not enough to meet underlying demand due to limited inventory and tight credit, reports the ...

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May 22, 2013 09:28 AM
Existing-home sales remain below underlying demand

After falling in March, existing-home sales increased in April, although they were still not enough to meet underlying demand due to limited inventory and tight credit, reports the ...

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May 22, 2013 07:35 AM
Number of Americans in foreclosure plummets: LPS

The number of Americans in the foreclosure process plummeted by nearly 25% in the past year, according to Lender Processing Services First Look mortgage report for April.

The total delinquency rate for loans 30 days or more past due, but not yet in foreclosure, also fell...

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May 22, 2013 06:00 AM
Mortgage apps tumble, refis drop to lowest since late March

Mortgage applications tumbled this week as refinancing and purchase applications continued their downward trend.

Application volume fell 9.8% from one week earlier for...

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May 21, 2013 03:39 PM
Increase in REIT conversions drive concerns over status: BDO

A surge in companies filing for 'real estate investment trust' status may lead to added scrutiny over which companies should qualify, analysts claim.

Nonetheless, REITs continue to be an attractive investment opportunity due to high performing dividend yields and today's low interest rate...

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May 21, 2013 03:32 PM
Increase in REIT conversions drive concerns over status: BDO

A surge in companies filing for 'real estate investment trust' status may lead to added scrutiny over which companies should qualify, analysts claim.

Nonetheless, REITs continue to be an attractive investment opportunity due to high performing dividend yields and today's low interest rate...

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May 21, 2013 11:26 AM
Hardest-hit states record the most relief from servicers

States hit the hardest by the foreclosure crisis benefited the most from the multi-billion dollar national mortgage servicing settlement, according to first-quarter 2013 data released by Joseph Smith, an independent monitor overseeing the distribution of aid.

Smith released another report...

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May 21, 2013 01:10 PM
QM likely to shrink mortgage lending space

Despite the Consumer Financial Protection Bureau attempt to make the ability-to-repay rule flexible, members of the financial committee addressed a variety of risks that come with the qualified mortgage, including the high risk of lenders reducing lending volume based on...

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