• Ocwen2.71+0.04 +1.50%
  • Zillow42.87-0.36 -0.83%
  • Trulia47+0 +0%
  • NationStar17.37-0.19 -1.08%
  • CoreLogic41.81+0.10 +0.24%
  • RE/MAX55.25-0.40 -0.72%
  • Fannie Mae2.81+0.08 +2.93%
  • Freddie Mac2.675+0.055 +2.099%
  • Wells Fargo53.02-0.72 -1.34%
  • CitiMortgage61.07+0.37 +0.61%
  • Bank of America24.00-0.07 -0.29%
  • Lennar50.39-0.60 -1.18%
  • Fidelity National Financial40.39-0.08 -0.20%
  • D.R. Horton33.07-0.18 -0.54%
  • PulteGroup22.75-0.27 -1.17%
  • First American41.66-0.40 -0.95%
  • BKFS39.10+0.20 +0.51%
  • AUDUSD=X0.7384+0.0006 +0.0745%
  • USDJPY=X113.2800-0.5410 -0.4753%
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Home >> Featured (page 206)

Housing Continues Slow Crawl Toward Stability

Housing Continues Slow Crawl Toward Stability

Freddie Mac's Multi-Indicator Market Index (MiMi) rose 0.04 percent from May to June, ending the year's first half at a reading of 73. "As we see the economy slowly normalizing we're starting to see its effects in the housing market as well, albeit very slowly," said Freddie Mac Chief Economist Frank Nothaft. "The good news is the big housing markets, of which some were also the hardest hit, continue to improve."

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Mortgage Bank Profits Flip Back to Positive

Mortgage Bank Profits Flip Back to Positive

The Mortgage Bankers Association (MBA) reported Tuesday that independent mortgage banks and mortgage subsidiaries of chartered banks posted a net profit of $954 on each loan originated in the year's second quarter. The report represents a significant turnaround from the first quarter, when mortgage banks took a net loss of $194 for each loan.

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Home Price Growth Continues to Ease

Home Price Growth Continues to Ease

The S&P/Case-Shiller National Price Index gained 6.2 percent annually in June, according to a report released Tuesday from S&P Dow Jones Indices. That figure was down from a yearly increase of 7.1 percent in May. The narrower 10- and 20-city composite indices each gained 8.1 percent compared to May's improvements of 9.4 percent and 9.3 percent, respectively.

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Mortgage Risk Index Down in July

Mortgage Risk Index Down in July

Loan risk in the mortgage market slid down again in July but remained far above safe levels, according to the latest measure from the American Enterprise Institute (AEI). The group reported that 11.41 percent of home purchase loans measured in its National Mortgage Risk Index (NMRI) would be at serious risk under "severely stressed" economic conditions.

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New Home Sales Fall 2.4% in July

New Home Sales Fall 2.4% in July

In a release on Monday, the Commerce Department estimated new home sales last month were at a seasonally adjusted annual pace of 412,000, a decline of 2.4 percent month-over-month. June sales received a slight upward revision to a rate of 422,000, while May sales were also bumped up in a second revision to 454,000—still far below the 504,000 originally reported by the government.

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More Evidence Suggests QM Rule Isn’t Having ‘Significant’ Impact on Lending Yet

More Evidence Suggests QM Rule Isn’t Having ‘Significant’ Impact on Lending Yet

Before implementation of the Consumer Financial Protection Bureau's qualified mortgage (QM) and ability-to-repay rules, many industry analysts expressed concerns over the ultimate impact of these rules on mortgage lending and access to credit. Now that the rules have been in effect several months, the debate over the impact of these rules has only intensified.

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