Articles Tagged with ''S&P''

Case-Shiller: Home price gains keep slowing down

Retreat below 6% for the first time in a year
For the first time in a year, annual gains have now fallen below 6%, according to the latest Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic. S&P Dow Jones Indices Managing Director and Chairman of the Index Committee David Blitzer said following reports that home sales are flat to down, price gains are beginning to moderate.
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Case-Shiller: Home prices increase 6% in July

West continues to dominate home price increases
Home prices annually increased once again, according to the latest Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic. S&P Dow Jones Indices Managing Director and Chairman of the Index Committee David Blitzer said rising homes prices are beginning to catch up with housing.
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Case-Shiller: Home prices increase 6.2% in June

West continues to leads in home price gains
Home prices saw another annual increase, according to the latest Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic. Zillow Senior Economist Aaron Terrazas says it is hard to ignore the shifting climate in the housing market.
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Monday Morning Cup of Coffee: Are cities finally fed up with Airbnb wiping out local housing?

Plus, the CFPB opens a new office, regulatory sandbox for fintech development
Are cities over Airbnb? Looks like it. Last week, two city councils voted to limit the online home rental services activities in their cities, the latest in a series of moves to reign in the company, which some say are aggravating the housing crisis. That, plus more about the CFPB's new office in your Monday Morning Cup of Coffee.
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Monday Morning Cup Of Coffee: Mulvaney's CFPB losing interest in payday lenders?

Are you surprised?
Is Mick Mulvaney's CFPB easing up on payday lenders? The agency has dropped its case against one such lender and is mulling over dropping the cases of three more. Also, JPMorgan Chase predicts the turbulent market will calm down heading into the second quarter while S&P Global Ratings notes that falling housing profits over the last four quarters may be a side effect of fewer lenders easing credit standards.
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Short-term financing option charts return to mortgage lending

S&P: ABCP will remain relevant for years to come
Raise your hand if you lived through the Great Recession. Now keep your hand raised if you can define Asset-Backed Commercial Paper. If you put your hand down, then truth be told, you didn’t really live through the Great Recession. You may have survived it, but to have lived it, is to know what caused it.
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S&P: Mortgage bond issuance doubled in 2017, will continue rising in 2018

RMBS issuance jumped from $34 billion in 2016 to $70 billion in 2017
Back in June, Standard & Poor’s Global Ratings said that 2017 was on track to be the best year for the residential mortgage-backed security market since 2013. Now that the final numbers are in, it looks like 2017’s mortgage bond issuance exceeded even the sunniest of forecasts.
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Trump tax reform sets markets up for Santa Rally

Passage expected this week
While the corporate tax cuts will lead to Fannie Mae and Freddie Mac needing some temporary monetary support from the Treasury, there isn’t much downside investors can see to the tax reform. Both the Dow and S&P are up in this morning’s trading.
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S&P: Impact of CFPB shakeup, deregulation will be limited for mortgage servicers

Trump administration’s changes will not undo years of heavy regulation
Given the Trump administration’s stated mission of decreasing regulations, it’s a fairly safe bet that whoever Trump picks as CFPB director will have a vastly different view of regulation than former director Richard Cordray did. But what will the impact of that looming deregulation have on mortgage servicers? Not very much, according to a recent report from S&P Global Ratings.
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