3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

New home sales plummet 14.5% in March

Spring buying season off with a whimper

4 metrics reveal California's true housing market

Foreclosures dwindle as home prices skyrocket

Items Tagged with 'First-time home buyers'


From HW Magazine

Banks can lead by lending

Taking stock of 2014 housing market expectations
March 31, 2014
The housing market clearly has been through the ringer and back. The question is, are we all the way back, or does the housing market still have some improvement left in it?
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Globalization could be stunting the housing recovery

And there’s no NEO to save mankind from its actions
November 11, 2013
Every cause has its effect. We are the victims of causality. The housing market – and its inability to grab first-time homebuyers or a new generation of borrowers – is no exception to this harsh rule.
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CFPB: Student loan debt hijacks the housing recovery

Indebted college grads live with parents because they fear buying homes
October 8, 2013
Nothing is hurting the housing recovery in such a nuanced way as student loan debt, according to a CFPB ombudsman. Three-fourths of the fall in household formation can be directly correlated to student debt.
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First-time homebuyers sidelined by financial challenges

Affordability increases, but rising rates threaten its survival
October 3, 2013
By most accounts, this year is shaping up to be a positive one for housing, with prices, sales and construction numbers consistently on the rise. However, there is a catch. Investors may be buying homes — along with some homeowners — but the overall homeownership rate among Americans continues to fall behind historic homeownership levels.
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Full-blown housing recovery remains an illusory goal

Average FICO score sits 50-pts above pre-crisis levels
September 30, 2013
A full-blown housing recovery could push the nation closer to full employment, but a confluence of factors have made this an illusory goal, researchers claim in a new report from Moody’s Analytics and the Urban Institute.
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Housing recovery slows down a bit

September 23, 2013
The housing recovery is cooling off, as investors, first-time homebuyers and current homeowners pull back a bit, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
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Number of first-time buyers is not shrinking

September 16, 2013
A new report hit the market from the Atlanta Federal Reserve Bank, suggesting that first-time homebuyers are not as downtrodden and reluctant as they're portrayed in the media.
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Stop blaming rising interest rates for the housing slowdown

Blame the economy instead
September 13, 2013
Everyone wants to blame rising interest rates for the slowing housing recovery, but one writer for The Guardian is not buying it. You really want to fix housing, you have to fix the overall economy, she argues. Until then, no recovery is real or permanent.
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From HW Magazine

Echo boom: Are the kids of the baby boomers ready to buy?

California Gen Y-ers are primed and ready to create a new wave of homebuyers
August 1, 2013
There is good news for the Golden State and the rest of the nation. Since the economy imploded in 2008, I must admit that I’ve been as pessimistic as many others have been about the housing market and the ability of mortgage lenders to effectively finance residential homes.
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