Monday Morning Cup of Coffee: What’s the diagnosis for the "sick" housing market?

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A candid look from the perspective of 2 recovering regulators

First-time buyer GSE mortgage loans are getting far riskier

Risk index for agency mortgages for new buyers at series high
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Items Tagged with 'housing recovery'

ARTICLES

Will the Fed’s inevitable interest rate hike break a fragile recovery?

Capital Economics: Outside dynamics strong enough to meet the challenge
Trey Garrison
Some are worried that the Federal Reserve’s coming interest rate hike could smothers the housing recovery. But not everyone thinks that way.
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Zillow: Underwater homeowners sink deeper even as home values rise

Rate of underwater mortgages stalled, worsening in some places
Trey Garrison
Rising prices have freed millions of homeowners who owed more on their mortgages than their homes were worth. But new Zillow data shows a troubling change in that trend.
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Mortgage applications drop again, down 3.9%

Refinancings now at lowest share since October 2014
Trey Garrison
Mortgage applications continue to disappoint, dropping again in the second week of March after a rough patch through February. Here’s the break down.
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Housing starts see biggest collapse since January 2007

Devastating 17% monthly drop hits industry
Trey Garrison
Privately owned housing starts in February plummeted 17%, down to an annualized 897,000 from the revised January estimate of 1,081,000, with drops in the Northeast, Midwest and West leading the collapse. Are you worried yet?
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Case-Shiller: “The housing recovery is faltering”

Home prices edge up slightly but trouble in the fundamentals
Trey Garrison
Home prices did increase slightly in much of the country, but Case-Shiller warns that the housing recovery, such as it is, is floundering. This kind of "recovery" is usually called a recession. Here's why.
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Bad news continues to dog housing sector

"Feel good" programs are not a solution
Lynn Effinger
We should applaud efforts made to make mortgages available to more segments of our society, but, unless stringent guidelines remain in place we will find ourselves fueling another housing and economic meltdown before we have truly escaped from the last one.
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Beige Book: Economy picked up in late 2014 but not housing

Construction, sales relatively flat at year’s end; oil drop raises alarms
Trey Garrison
The Beige Book looks at all the Federal Reserve districts in excruciating detail. We wade through it all and break out the mortgage finance and housing activity. Here’s what happened.
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Realtor.com chief economist answers 5 burning questions about housing’s future

Home prices, sales, credit boxes, and credit access – this has it all
Trey Garrison
Realtor.com Chief Economist Jonathan Smoke talks home prices, home sales, credit boxes and more in this exclusive HousingWire interview that hints at what his 2015 forecasts may hold.
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Homebuilders: Just one in six housing markets back to normal

NAHB says recovery happening but very slowly
Trey Garrison
Markets in 59 of the roughly 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the third quarter of 2014, according to the National Association of Home Builders/First American Leading Markets Index.
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KBW upgrades Nationstar on second look at MSRs

Sterne Agee lowers FY2014 EPS estimate
Trey Garrison
Nationstar Mortgage Holdings is getting a little more love after its rough time last week following its announcement of declining revenue for the third quarter.
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