Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

Here's the HousingWire/Star Wars Christmas 2014 special

FHA loans could face "tidal wave of defaults"

All indices hit series high

Another mortgage lender launches 3% down loan

Falls in line with FHFA
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Items Tagged with 'Sterne Agee'

ARTICLES

3 things to know about interest rates in 2015

Here’s the skinny on what it means for mortgages
Trey Garrison
Sure, everyone says they know what will happen with interest rates, but whether they go up or down or stay flat, it's critical to know what it will mean for mortgage financing.
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Monday Morning Cup of Coffee: Feeling confident about housing, mortgages?

This market is the cart, not the horse
Trey Garrison
It's that special time of year, you can smell it in the air. Too soon for housing forecasts, but like a kid waiting for Christmas, it's all you can think about. Here's a taste of housing's fortunes in sales, prices, mortgage-backed securities, mortgage lending and more. Merry early House-mas.
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Housing stepping in the right direction but at muted pace

Sterne Agee Chief Economist: Era of the home as an ATM is over
Trey Garrison
Sterne Agree chief economist Lindsey Piegza says that while the housing market continues to take steps in the right direction, the pace of the recovery remains muted.
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Local housing markets outpace national numbers

Drilling down into September's numbers
Trey Garrison
Both unit sales and median sales prices averaged growth in the mid-single digits for the month of September, and inventory levels continue to be constrained at just above four months' supply, according to a client note from Sterne Agee analysts Jay McCanless and Annie Worthman.
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Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you
Trey Garrison
The cost of originating mortgages and loan production is officially ridiculous and a question that arose at the Mortgage Bankers Association’s convention and expo last week was “Are record low mortgage rates masking from borrowers the high cost of mortgages?”
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Analysts: New home sales stall-out is a disappointment

Expect some rebound but demand remains restrained
Trey Garrison
New home sales stalled in September to just 0.2% growth, following the previous month’s downwardly revised jump of 10%. Analysts think this is more an outlier than a trend, but any optimism is heavily qualified.
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Ocwen Financial taking a beating in the ratings, on the Street

Ratings downgrades and falling stock follow NYDFS assault
Trey Garrison
Ocwen Financial is enduring a second day that looks like a UFC-level beat down on Wall Street as ratings agencies and investors turn on the firm after the New York Department of Financial Services dealt the nonbank firm yet another blow on Tuesday.
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Sterne Agee: Tweaks to put-back rules won’t bait lenders to low FICO loans

LTV changes will open doors for some
Trey Garrison
The planned tweaks in mortgage put-back rules won’t draw major mortgage companies into offering loans to lower FICO borrowers, according to a client note from Sterne Agee, even though new Federal Housing Finance Agency plans to develop 95-97% LTV loans are a positive.
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This could happen now that mortgage rates dropped below 4%

Sterne Agee: A refi boom coming?
Trey Garrison
Housing prices continue to slow and are hopefully reaching a growth rate in line with interest rates and income growth, but now mortgage interest rates have gone below 4%. What does this mean for the industry?
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Are home prices the latest evidence housing is stalling, or bubbling?

It gets better? No, it gets worse – just like job growth and wage stagnation
Trey Garrison
The housing industry is not happy about recent housing data, including Tuesday’s home price releases, and it looks like it’s going to get worse before it gets better.
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