U.S. Housing Market Commentary

Posted by Brena Swanson on 3/22/13 at 9:58am

CEO of the Mortgage Bankers Association David Stevens appeared live on CNBC Squawk Box Friday morning.

The video was geared to inform viewers about the housing market make-up this spring.

However, at the latter end of the 4 minute video the reporter nonchalantly asks Stevens, "Can we get rid of mortgage deductibility? W...

Lending
Posted by Jacob Gaffney on 3/21/13 at 10:28am

An interesting reaction on Twitter Thursday morning followed a strange trajectory into press reports.

First, the National Association of Realtors stated housing inventory posted this huge monthly leap, nearly 10%.

This was quickly followed by Trulia chief economist and VP of Analytics Jed Kolko commenting on the news.

Several mortgage finance reporters jumped on the latter...

Real Estate
Posted by Kerri Ann Panchuk on 3/20/13 at 4:02pm

Federal Reserve Chairman Ben Bernanke may catch a lot of flack for his full-speed ahead approach to mortgage-backed securities purchases and low interest rates, but no one can accuse ‘Bernie’ of being out-of-touch with the people, according to Forbes.

A reporter asked Ben Bernanke something rather personal Wednesday. Something along the lines of when was the last time he spoke to a person who is unemployed?

If reporters were looking for Bernanke to come...

Servicing
Posted by Jacob Gaffney on 3/20/13 at 10:04am

It's a monumental day for anyone involved in mortgage lending in England.

 

 

During the delivery of his 2013 budget to Parliament, the Chancellor of the Exchequer George Osborne revealed a sweeping mortgage stimulus package that is modeled after the Federal Housing Administration guarantee.

It's a major vote of confidence for the American model of housing finance, to see a notoriously difficult mortgage market, such as in England, help...

Lending
Posted by Kerri Ann Panchuk on 3/19/13 at 1:52pm
It’s true the mortgage industry has seen brighter days. After all, giving mortgages to anyone who can breath and stand up straight turned out to be a bad idea for players who are no longer in the market.
 
But when will homeowners catch on to the fact that members of Congress – even years after the housing crisis – continue to use mortgage finance and homeowners as an escape route for every mistake, or hidden tax that U.S....
Lending
Posted by Jacob Gaffney on 3/19/13 at 9:41am

The recent Bank of America Merrill Lynch ($13.43 0.07%) global fund manger survey shows a firm support for the long-term, continued quantitative easing from the Federal Reserve.

Fed chairman Ben Bernanke's...

Investments
Posted by Megan Hopkins on 3/18/13 at 5:19pm

In February, the National Association of Home Builders released its Blueprint for Appraisal Reform, a thorough examination of the nation’s appraisal system. The blueprint, also known as a white paper, will be used by the NAHB in its advocacy efforts with Congress, regulators and the appraiser community.

But not everyone agrees with what NAHB has to...

Lending
Posted by Christina Mlynski on 3/18/13 at 1:56pm

With Ed DeMarco set to testify Tuesday — and no doubt facing a grilling by members of the House Financial Services Committee — the guessing game of potential nominees to succeed the current acting director of the Federal Housing Finance Agency continues with no clear decision in sight.

HousingWire’s Jacob Gaffney posted ...

Investments
Posted by Megan Hopkins on 3/15/13 at 4:24pm

Redfin revealed its list of the nation’s fastest real estate markets and, not surprisingly, Dallas was fourth on the list.

To establish what is considered a 'fast real estate market,' Redfin defined it as having the most homes going under contract in 24 hours or less.

All I can think when I read this is, ‘thank goodness I don’t live in Phoenix.’

...

Real Estate
Posted by Brena Swanson on 3/14/13 at 3:54pm

The Consumer Financial Protection Bureau is going beyond the regulation of mortgages and has its sights set on overseeing non-bank student loan lenders who may end up causing college graduates to miss other major life milestones—such as taking out a mortgage.

Life is comprised of major milestones: first day of school, graduating college, getting married and buying your first house. However, the graduating college milestone is turning into a roadblock rather than a...

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