Articles by Megan Hopkins

Positive earnings build up Lennar, KB Home

Both firms exceed analyst expectations
"We believe that the recent slower pace of the recovery caused by an uptick in mortgage interest rates is a temporary effect, and we expect to see steady upward demand for housing as consumers adjust to both higher rates and pricing," said KB Home President and CEO Jeffrey Mezger.
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Housing begins to see signs of normalcy, but will it last?

Industry experts react to pricing reports
Several reports were released Tuesday that implied continued success for home prices in the U.S. — a sure sign that the housing market is back on its feet. The Federal Housing Administration home price index and the Standard & Poor’s/Case-Shiller HPI, both came out with relatively positive data.
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Homebuilder and mREIT stocks nosedive

The overall HW 30 index declined a bit during trading
Much to the shock of Wall Street junkies and analysts, homebuilder stocks and mREITS took a 180-degree turn Thursday, falling substantially after shooting up just a day earlier.
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Loan modifications boost the housing recovery

Total loan modifications reach 6.6 million
An estimated 63,000 homeowners received permanent, affordable loan modifications from mortgage servicers in July, including mods completed under both proprietary programs and the government’s Home Affordable Modification Program, according to a report from Hope Now.
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Sens. Corker, Warner discuss GSE reform with Zillow

Both senators believe the legislation will gain traction
They have a plan for GSE reform and are confident it will make headway, despite the fact that Congress only has a few months left in the year. Sens. Bob Corker, R-TN, and Mark R. Warner, D-VA, sat down with Zillow Chief Economist Stan Humphries to discuss the Housing Reform and Taxpayer Protection Act of 2013.
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