3 reasons why California housing is about to go bust

Here's where expert economists think housing is going

Where will we be in 2019?

Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail
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Items Tagged with 'mortgage finance'

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American mobility at historic low and not changing soon

People are staying in place longer and fewer are moving
Trey Garrison
The U.S. Census Bureau’s current population survey released on Tuesday shows that mobility is flat — at the same low level of 11.7% as the year before.
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Mortgage applications jump dramatically, up 7.9%

MBA: Refinancings up 10% while purchases up 5%
Trey Garrison
Mortgage applications jumped dramatically for the week ending Sept. 12, up 7.9% from the week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Sept. 12, 2014.
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Even credit-worthy borrowers struggle to get a mortgage

Regulations, credit and affordability challenges persist
Trey Garrison
The national homeownership rate continues to decline, and many say that it’s only going to get worse because of tighter lending standards, burdensome regulations that create lender uncertainty and affordability challenges.
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Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail
Trey Garrison
Government is protecting first-time, lower- and middle-income borrowers out of homeownership, and buyers need to be given a chance to fail. Or succeed.
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Housing and mortgage financing are not ready for demographic shift

Aging boomers, more diverse millennials create unprecedented challenge
Trey Garrison
The housing industry and the mortgage finance industry are not ready for the great demographic shift that is coming as boomers age and a more ethnically diverse block of millennials and post-millennials come of age.
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Monday Morning Cup of Coffee: Headed toward another housing crash?

Luxury home sales about to tank? New CFPB rules ahead. Mortgage payoffs no more?
Trey Garrison
Are we going back down the same path that led to the housing crash? Where is the luxury home market heading, and why is the economy still putting along in low gear? Is paying off the mortgage going the way of the fax machine?
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Treasury to sell more of its stake in Ally Financial

Government down to 13.8% share in former mortgage lender
Trey Garrison
The U.S. Department of the Treasury today announced the completion of the first pre-defined written trading plan for Ally Financial common stock.
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Bipartisan Policy Center Housing Summit in Washington starts today

Two-day event brings together leaders in housing and policy
Trey Garrison
On Monday morning, the Bipartisan Policy Center will kick off its 2014 Housing Summit in Washington, D.C. It's going to be one for the books.
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Russia’s only cat-based mortgage lender sanctioned by U.S. Treasury

U.S., E.U. up ante in standoff over pro-Russian separatists
Trey Garrison
You can still get a cat with your mortgage from Sberbank in Russia, you just can’t do business with them if you’re American.
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Consumer sentiment edges up on long-term expectations

Softness in current conditions expectations suggests flat September
Trey Garrison
Consumer sentiment is on the rise this month, climbing to 84.6 versus a final August reading of 82.5 and a mid-month August reading of 79.2 – but buried in there is a decline in the current conditions component which suggests consumer activity won’t be up in September.
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