Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Existing home sales collapse 6.1% in November

Tumble comes amid record low declining rates, prices

Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud is still a problem, plus the gift of housing metrics
W S

Items Tagged with 'Pending Home Sales'

ARTICLES

Pending home sales reverse course

Slightly drop from last week’s levels
Brena Swanson
Despite pending home sales posting a slight decline, it is still above year-over-year levels for the second month straight, and the rest of the news for homes sales doesn’t look bad either.
Read More

Monday Morning Cup of Coffee: Mortgage giants warm to principal reduction?

Also 2015 housing finance forecasts galore and key mortgage industry metrics
Trey Garrison
Is principal reduction about to become more common? Who hit the bulls-eye in forecasting 2014, and who just offered bull? And of those hawkeye prognosticators, what do they have to say about 2015? Get it here and get it early.
Read More

Monday Morning Cup of Coffee: Housing data storm ahead

Can housing shake off the winter, spring and now summer doldrums?
Trey Garrison
It’s a week of key housing data and metrics releases, and the industry will get to see if housing shakes off the winter, spring and now summer doldrums, or if everyone admits that 2014 has been suboptimal. Either way, HousingWire will be there first with the most.
Read More

Pending home sales drop 7.3% YOY on flat wages, short supply

Biggest drop and biggest miss of 2014 augurs ill for housing
Trey Garrison

Pending home sales dropped off in June, according to the National Association of Realtors, dropping 1.1% from May and falling 7.3% from June 2014 in the biggest decline in 2014 and the biggest miss of expectations in 2014 as well.


Read More

Pending home sales move up 6.1%

Weakness shows in eighth straight month of annual declines
Trey Garrison
The housing industry picked up a little good news, with May pending home sales rising 6.1% from April, but it won’t be enough to compensate for weak pending home sales so far this year. This is the eighth consecutive month of year-over-year declines in pending home sales.
Read More

Pending home sales tick up from February but 7.9% below March 2013

Biggest gains in the South, West
Trey Garrison
The National Association of Realtors pending home sales index rose 3.4% to 97.4 from an upwardly revised 94.2 in February, but is 7.9% below March 2013 when it was 105.7.
Read More

Pending home sales down 10.5% from February 2013

Down 0.8% from January as investor sales dry up
Trey Garrison
Pending home sales fell for the eighth straight month, down 0.8% from the downwardly revised January report and down 10.5% from February 2013, according to the index from the National Association of Realtors.
Read More

Find out why pending home sales are flat

Northeast, South gain despite cold weather
Trey Garrison
January pending home sales were a wash, with gains in the South and Northeast offsetting declines in the West and Midwest.
Read More

Pending home sales mirror pre-crash levels

Yet, analysts say falling prices are not in the cards
Kerri Ann Panchuk
Pending home sales fell steadily from May to December last year, closely mirroring the trajectory of the same indicator months before the 2007 home price crash, analysts Chris Flanagan and Justin Borst with Bank of America-Merrill Lynch claim in a new report.
Read More

4 signs that things are much worse than you're being told

GDP, jobless claims, pending home sales - it's just not pretty out there
Trey Garrison
Everyone from the Fed to mainstream media are pushing the narrative that the economy is definitely in recovery mode. Everyone is wrong.
Read More