Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Existing home sales collapse 6.1% in November

Tumble comes amid record low declining rates, prices

Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud is still a problem, plus the gift of housing metrics
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Items Tagged with 'home sales'

ARTICLES

Lack of millennial homebuyers drags on housing

Veros: Prices, credit reduce first-time homebuyers
Trey Garrison
Despite the easing of credit restrictions, millennial reticence is dragging down first-time homebuyer sales.
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Home-price growth will stabilize around 4% through 2015

Capital Economics: Lower LTV will offset any drags
Trey Garrison
Despite likely coming interest rate hikes and depressed energy prices, Capital Economics expects home-price growth to stabilize around 4% in 2015. Here's why.
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Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud is still a problem, plus the gift of housing metrics
Trey Garrison
Oil's dramatic drop is going to have a big impact on agency and non-agency MBS. Here's what it means. Plus, it's a surprisingly busy week for housing metrics. We have the details.
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Realtor.com forecast: Millennials will break out in 2015

Existing home sales and mortgage rates up, affordability down
Trey Garrison
Realtor.com’s chief economist Jonathan Smoke is launching his first annual forecast, and he's dramatically breaking away from the crowd with a different view of what 2015 holds for housing and mortgage finance.
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Will housing headwinds flatten home sales?

Auction.com: Market maintaining current momentum
Trey Garrison
Auction.com’s Nowcast report projects that existing home sales for November will fall between seasonally adjusted averages of 5.05 and 5.46 million annual sales, with a targeted number of 5.25 million.
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Cash buyers for homes fading away

CoreLogic: REO sales continue to drive cash sales
Trey Garrison
Cash sales made up 33.8% of total home sales in August 2014, down from 36.4% in August 2013, CoreLogic reported Wednesday.
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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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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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Fannie Mae: Positive on U.S. economy despite global growth decline

Housing faces upward grind in 2015
Trey Garrison
Real economic growth in the U.S. appears ready to exceed 3% for the second half of the year, providing a sound basis for growth in 2015, according to Fannie Mae’s Economic & Strategic Research Group.
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Capital Economics: Recovery in home sales marches on

Analysts bullish on housing
Trey Garrison
The increase in existing home sales in September took sales activity to a 12-month high, and with falling mortgage interest rates and what some see as an improving labor market, Capital Economics is getting bullish on housing.
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