Truth is, those recent housing numbers aren't so shiny

Truth is, those recent housing numbers aren't so shiny

Housing starts? More like housing stops, amirite?

This man pretends to be a Realtor and no one can stop him

Canadian fines don’t seem to slow down Derek Johnson

The top 10 critical issues facing GSE reform

Urban Institute: Reform in limbo
W S

Items Tagged with 'mortgage rates'

ARTICLES

Closing rate for mortgage originations drops in July

Closure for 90-day applications falls below 60%
Mortgage originations showed an overall closing rate of 57.7% in July 2014, down from 60.7% in June 2014, according to a sample of 90-day loan applications conducted by Ellie Mae.
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What can you get for $1 million in housing these days?

It's not two houses at the same time or even a bigger house
Trey Garrison
Home values are down 11% from their pre-meltdown peak in 2007, and $1 million doesn’t go nearly as far as it used to, according to Zillow’s number crunchers.
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How hard is it to get a mortgage?

Income, credit and – yes – character all count
Trey Garrison
Is it really that hard? Yes. And no. And mostly yes again. And maybe it should be. And since January 10 when the CFPB’s Qualified Mortgage rule took effect, it is definitely harder. So yes.
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Multifamily housing starts soar while single-family permits remain flat

Starts and permits up but gains driven more by apartments, not homes
Trey Garrison
After plunging in June, housing starts and housing permits recovered in July, printing at 1,093,000 and 1,052,000, respectively. The bad news is that almost all of those gains from June to July are in multifamily rental housing.
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Freddie Mac: Rates to revisit May 2014 lows?

Rates edge slightly down
Brena Swanson
Mortgage rates dipped slightly for the week ended Aug. 14, reversing any increase made last week. But this might not last too much longer, with several key market reports coming out soon.
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Zillow: Mortgage rates tick up slightly

Predicts mortgage application decrease of 2%
Ben Lane
“Mortgage rates were subdued last week as ongoing geopolitical concerns and economic softness in Europe encouraged investors to buy U.S. mortgage-backed securities as a safe haven,” said Erin Lantz, vice president of mortgages at Zillow.
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Revealed: The secret of why these 10 markets will grow the most in 3Q

Realtor.com spies 10 markets that will take off in the next 3 months
Trey Garrison
Although home price growth has slowed dramatically from last year and will continue to slow into mid-2015 are now enjoying the advantage of price increases, while buyers have more choices.
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Freddie Mac income and revenue down

Decline driven by falling settlement income, derivative changes
Trey Garrison
Freddie Mac reported net income of $1.4 billion for the second quarter of 2014, compared to $4 billion for the first quarter of 2014, with the sharp drop driven primarily by lower income from legal settlements related to private-label securities.
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July home-price growth slows but wages still can’t keep up

Trulia: Affordability gap persists even as markets cool
Trey Garrison
Both the quarter-over-quarter and year-over-year home price increases are lower than they were twelve months ago, but wages are not keeping up, according to data from Trulia for July 2014.
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Nationstar posts 2Q profits of $67M, up a whopping 174% over 1Q

Beats expectations and regulatory pushback in second quarter
Trey Garrison
Second-biggest nonbank MSR reports quarterly net income of $67 million for the second quarter, a 174% increase over the $24 million in the first quarter 2014, despite regulatory pushback and scrutiny.
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