Cyprexx: Discrimination charges “frivolous”

Cyprexx: Discrimination charges “frivolous”

Fannie Mae contractor responds to charges from National Fair Housing Alliance

Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans
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Items Tagged with 'December'

ARTICLES

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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HOPE NOW assists 768,000 borrowers in 2013

281,000 short sales completed last year
February 13, 2014
Approximately 768,000 homeowners received permanent, affordable loan modifications from mortgage servicers in 2013, according to HOPE NOW’s final 2013 loan modification data.
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RealtyTrac: Monthly foreclosure filings reverse course, rise 8%

40th consecutive month of declines annually
February 13, 2014
Foreclosure filings reversed course, increased 8% to 124,419 in January from December, marking the 40th consecutive month where foreclosure activity declines on an annual basis.
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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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New home sales fell 7% in December

Market inventory reaches a 5-month supply
January 27, 2014
New home sales maintained a downward trajectory in December, falling 7% below November’s revised rate of 445,000 unit sales to a seasonally adjusted annual rate of 414,000 units. But this is still 4.5% above year earlier levels.
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Foreclosures, short sales increased 1% in Dec.

Overall distressed activity subsides
January 22, 2014
Foreclosures and short sales remained relatively frozen in December, with U.S. residential properties, including single-family homes, condominiums and townhomes, selling at an estimated annual pace of 5.16 million in December, a less than 1% increase from November and a 10% increase from a year ago, the latest RealtyTrac report found.
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Rates, tight inventory dampen California home sales

Home prices could eventually stabilize sparking new demand
January 20, 2014
Tight inventory and escalating home prices are putting a squeeze on California's housing market, but stabilizing prices may eventually grease the wheels, giving home buyers momentum to step up their game.
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Real estate prices appreciate at a slower pace

California prices continue to soar higher in key markets
January 17, 2014
While residential real estate appreciation continues to trend higher, the rapid pace experienced early last year is easing.
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Housing starts drop 9.8%

Activity slows after a long year of tepid growth
January 17, 2014
The month of December brought 999,000 privately-owned housing starts, compared to a revised figure of 1.107 million in November and 983,000 last year.
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Financial sector continues bleeding jobs

Sector records 60,962 job cuts for 2013
January 9, 2014
Despite overall improvement in the 2013 jobs market, the financial sector took a beating this past year, becoming the industry where employers cut the most. The sector recorded 60,962 job cuts for 2013, up 49% from 41,008 in 2012.
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