Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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Items Tagged with 'Housing Economy'

ARTICLES

U.S. employers added fewer jobs than expected in June

Hourly earnings flat, more drop out of workplace driving down rate
Trey Garrison
On the surface the employment numbers for June look positive, but even a cursory glance below the headline shows that the unemployment rate only ticked down because of yet more dropping out of the workforce. Meanwhile, wage growth was flat. Want to know more?
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RealtyTrac: All-cash sales at lowest since late 2009

Institutional investor share at 15-year low
Trey Garrison
Just under a quarter – that is 24.6% – of all single family home and condo sales in May were all-cash purchases, down from 28.5% in the previous month and down from 30.4% a year ago. Distressed sales are drying up. Want to know more?
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Moody’s Analytics: Single-family rental growth will accelerate

Biggest growth in western, southern markets
Trey Garrison
Single-family home rentals since the housing bubble burst nearly a decade ago have seen massive growth, according to a new look from Mark Zandi, Moody’s Analytics’ chief economist — but there's more to come. Here's why.
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Mortgage applications drop as interest rates rise to 9-month high

Refinancings and purchase apps down
Trey Garrison
Mortgage applications decreased 4.7% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 26, 2015. Want to know why?
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Realtor.com: Here are the 20 hottest markets this summer

Expanding inventory boosts sales
Trey Garrison
He’s been consistently more optimistic and consistently right on sales. Realtor.com’s chief economist Jonathan Smoke explains why it’s a seller’s market.
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High-risk FHA loans push mortgage risk index up in May

Agency loans hit new series high
Trey Garrison
The composite National Mortgage Risk Index for Agency purchase loans stood at 12.33% in May, up 0.4 percentage point from the average for the prior three months and up 0.7 percentage point from a year earlier. Worried yet?
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Pending home sales continue momentum in May

Northeast leads as South, Midwest decline
Trey Garrison
Pending home sales rose less than expected in May but are still at the highest level since 2006. Realtors are pleased and NAR is optimistic.
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Monday Morning Cup of Coffee: Debate over disparate impact continues

Plus MBS investment outlook, g-fee increases for USDA mortgages, and more
Trey Garrison
It’s a short week with the Independence Day holiday, but it’s not short on news. The outlook for agency and non-agency MBS isn’t clear, USDA is raising the cost of guarantees on certain mortgages, and a slew of key housing metrics lie ahead. Want to know more?
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OCC: Mortgage performance better in 1Q15

94.2% of mortgages current, up from 93.1%
Trey Garrison
The performance of first-lien mortgages serviced by eight national banks improved during the first quarter of 2015, according to the Office of the Comptroller of the Currency’s quarterly report on mortgage performance. Here's what happened.
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Refi, purchase applications both rise in MBA survey

Modest gain a welcome change
Trey Garrison
Mortgage applications increased 1.6% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 19, 2015. Want to know more?
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