New home sales plummet 14.5% in March

New home sales plummet 14.5% in March

Spring buying season off with a whimper

HUD’s Donovan: This is the worst rental crisis in this nation, ever

Says administration is very pleased with Johnson-Crapo

WFC can't keep alleged bogus foreclosure manual out of court

U.S. judge allows discovery on Tirelli's smoking gun

Items Tagged with '2013'


FHFA: Home price index slightly increases 0.5%

March 25, 2014
FHFA home price reports come in rosier than Case-Shiller. Why? For one, the FHFA only looks at Fannie Mae and Freddie Mac sales.
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5 reasons credit unions are celebrating 2013

Can the good news carry into 2014?
March 3, 2014
Credit unions survived the lending environment of 2013 and reported several areas of key growth. However, before the credit unions can celebrate, 2014 could present some new areas of caution.
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Stonegate Mortgage originations increase 152%

Lender navigates tough year with strategic acquisitions
February 24, 2014

Stonegate Mortgage not only overcame the challenging market conditions during the second half of 2013 but also posted a strong increase in originations and its servicing portfolio due to several strategic acquisitions.

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Originations save Blackstone Mortgage Trust 4Q earnings

Total loan origination portfolio reaches $2 billion
February 18, 2014
New York based Blackstone Mortgage Trust recorded a net income for the full year of $15 million, or 81 cents per share, driven by significant growth in the loan origination portfolio.
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Ally earnings tumble amid mortgage settlement costs

Officially finished with mortgages
February 6, 2014
Ally Financial officially exited the mortgage business by the end of 2013 but not without incurring significant losses. Ally recorded a net income of $104 million for the fourth quarter of 2013, a giant drop down from a net income of $1.4 billion for the fourth quarter of 2012.
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Credit Suisse earnings slightly miss estimations

Mortgage litigation costs hurt profits
February 6, 2014

Credit Suisse Group posted a fourth-quarter net income of $295 million, slightly up from $291 million in 2012. However, this is still down from forecasts due to hefty mortgage litigation costs.

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Can home prices record 23 months of increases?

Prices increase 11% in December: CoreLogic
February 4, 2014
Home prices recorded the 22nd consecutive monthly year-over-year increase in home prices nationally and grew 11% in December 2013 compared to a year ago.
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Not all lending pulls back

Multifamily, commercial lending grows 7% from 2013
February 3, 2014
Despite a drawback in residential mortgage originations, commercial and multifamily mortgage originations are predicted to grow to $300 billion in 2014, rising 7% from 2013 volumes.
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Delinquent mortgages heal 4 years straight

Delinquencies near pre-crisis levels
February 3, 2014
The year 2013 ended up being a successful year for the housing market, recording the fourth consecutive year of significant, sustained improvement in the nation’s inventory of delinquent mortgages.
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Consumer confidence hits five-month high

Americans become more optimistic about the economy
January 28, 2014
Consumer confidence unexpectedly climbed to a five-month high in January as Americans became more optimistic about the economy and the labor market.
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