Judge throws out Fannie and Freddie investors’ lawsuit

More signs of a sliding housing market

Affordability has issues, too

Fannie: Millennial housing demand declines further

Fall comes even as housing affordability for young improves
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Items Tagged with 'Housing'

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Mortgage applications decline 0.2% for week

Purchase apps down 11% from last year
Trey Garrison
Mortgage application activity for the week ending Sept. 26 was fell 0.2% on a seasonally adjusted basis, according to the Mortgage Bankers Association.
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Trulia: Home prices 3% undervalued by historic measure

Only 7% of 100 largest metros are more than 10% overvalued
Trey Garrison
Trulia Chief Economist Jed Kolko says that despite the current deceleration in home prices worrying some, and claims from others that home prices are too high, home prices nationally are actually 3% undervalued in the third quarter of 2014.
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Mortgage Contracting Services acquiring CoreLogic business units

MCS to take Collateral Solutions, Field Services
Trey Garrison

Mortgage Contracting Services is acquiring CoreLogic’s Collateral Solutions and Field Services business units.

Editor's Note: An earlier version of this email incorrectly claimed Concentric Equity Partners lacked involvement in the deal. In fact, Concentric owns MCS. Please be advised the article itself was never in error.


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More signs of a sliding housing market

Affordability has issues, too
Lynn Effinger
Affordability issues; looming interest rate hikes as have been predicted by Federal Reserve Chairman Janet Yellen; too many FHA loans being made (this is the “new” sub-prime market); federal emphasis being placed on low-income borrowers, and other factors are causing house prices to decline once again in many markets.
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ZeroHedge: America’s most important housing metro flashing red

San Francisco is the canary in the bubble coalmine
Trey Garrison
Well, in the aftermath of yesterday's data which beyond a reasonable doubt showed that the Chinese housing bubble has burst, we can now report that the "flashing red" market that is San Francisco was just smacked by a "double whammy" perfect storm.
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Realtor confidence on home price growth slips, but solid

Members less confident than trade economists on coming year
Trey Garrison
Members of the National Association of Realtors expect home prices to increase modestly in the next 12 months, with the median expected price increase at 3.5%, according to data gathered from the August 2014 Realtor Confidence Index Survey.
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Case-Shiller: Home price gains decelerate rapidly

Biggest drop in HPI since November 2012
Trey Garrison
Home price growth slowed far more than expected in July, according to the latest Case-Shiller Home Price Index. "Inventory is up, but sales volume is down," said Zillow chief economist Stan Humphries.
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Search continues for Arkansas Realtor after suspect arrest

Friends, real estate agents, volunteers comb rural, watery area
Trey Garrison
The search for Beverly Carter, the Arkansas Realtor who has been missing since Sept. 25, continued Monday into the evening even after the arrest of a suspect on the charge of kidnapping.
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Bank of America to pay $7.65 million for $4B capital error

SEC, BofA agreement also includes new stress test for bank
Trey Garrison
Bank of America (BAC) is settling with the Securities and Exchange Committee to pay a $7.65 million penalty for a $4 billion capital error it disclosed earlier this year.
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Capital Economics: Home price growth will slow to 4% annualized

Loosening credit, stronger wage growth could trigger homebuilding boom
Trey Garrison

Loosening mortgage credit conditions, decent job gains and an eventual acceleration in wage growth will help home sales to rise over the next 12 months, according to Paul Diggle, property economist at Capital Economics.


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