Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
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Items Tagged with 'Housing Economy'

ARTICLES

Here’s why mortgage rates won’t hit 2014 expectations

Originally estimated to reach 5%
Brena Swanson
Mortgage rates have continuously defied expectations in 2014. Originally estimated to hit 5% by the end of this year, September's 30-year, fixed-rate mortgage averaged 4.12%.
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Dick Bove: "Mortgage crisis by winter"

Who will fill in the financial vacuum?
Brena Swanson
The end of 2014 does not look good, according to banking analyst Dick Bove. "A toxic brew is bubbling in the housing market that will lead to a mortgage crisis by winter," Bove cautioned.
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Freddie Mac: 4 facts prove housing is headed to a new normal

Things are getting better
Brena Swanson
"We are getting closer to a more normalized economy, and now we are expecting to see housing driven by fundamentals, and in fact, we've already seen this in some markets,” Frank Nothaft, Freddie Mac vice president and chief economist, said.
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Freddie Mac: Mortgage rates remain steady

Rates show little movement since mid-May
Brena Swanson
Despite fixed mortgage rates moving slightly higher, they remained near their yearly lows over the past month amid light economic reports.
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Black Knight: Home prices tick up 0.9% in May

Continues upward trend
Brena Swanson
Homes prices continue to trend higher and are now just 11% off the 2006 peak of $268,000. Meanwhile, Colorado and Texas both hit new peaks in May, reaching $269,000 and $195,000, respectively.
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Mortgage rates remain frozen after last week's low

Freddie Mac: Rates unchanged moving into holiday
Brena Swanson
Mortgage rates witnessed little change from last week as the market heads into the holiday. However, last week's rate officially dropped lower than last year’s levels.
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From HW Magazine

2014 Rising Stars

This year's luminaries shine brightly both now, and for the future
In HousingWire’s inaugural Rising Stars program, nominations were accepted for anyone under 40 leading in the housing finance space — in lending, servicing, investing or real estate. Our awards don’t just recognize future potential; we wanted to spotlight those who have already made their mark by starting new businesses, helping to run major corporations, or innovating new systems to move markets forward.
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Freddie Mac: Rates fall to lowest level in 2014

Weak economic growth keeps rates down
Brena Swanson
Mortgage rates dropped to the lowest level since Nov. 7, 2013, as the economic growth for the first quarter came in well below market expectations.
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From HW Magazine

Gasping for air

Pundits may point to housing recovery - but deeper waters yet lie ahead
Trey Garrison
With broad media coverage on rising home prices, everyone from potential borrowers to industry insiders wants to know if housing is finally on safe ground. Home prices are definitely on the rise. Nationally, home prices grew by 14% in 2013, coming on the heels of a 9% rise in 2012.
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9 Federal Reserve districts post moderate economic growth

Residential real estate contacts remain optimistic
Brena Swanson
Economic growth waned in some Federal Reserve districts in late 2013. Yet, nine out of 12 still experienced moderate economic growth, according to the latest Fed Beige Book.
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