It’s that time of year when people start making a list of resolutions that they will break by the end of February – eat better, exercise more, stop watching reality TV, and so on. To help you out, HousingWire’s Trey Garrison compiled a list of potential New Year’s resolutions that could prove beneficial to mortgage […]
Monthly Archives:: December 2013
Alexandria Real Estate’s Series E Preferred Stock Yield Pushes Past 7.5% – Forbes
Alexandria Real Estate’s Series E Preferred Stock Yield Pushes Past 7.5%ForbesIn trading on Friday, shares of Alexandria Real Estate Equities, Inc.’s 6.45% Series E Cumulative Redeemable Preferred Stock (NYSE: ARE.PRE) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.6125), with shares … and more …read more
New home sales and mortgage apps see growing divergence
There’s a growing divergence between new home sales data and mortgage apps data from the Mortgage Bankers Association (MBA), but it may not be as wide as it looks, and the swing in new home sales will likely close the gap. …read more
Lenders make a comeback in 2013
Entities like the Federal Housing Administration and the Federal Reserve flooded the HousingWire headlines over the past year year. We decided to compile a list of the most read lending articles for the year. As it turns out, new lending rules dominated the headlines, but they were not alone in capturing the attention of our […]
What servicers cared about in 2013?
If servicers thought the robo-signing crisis of 2010 kept them from moving forward at a robust pace for a few years, then 2013 for all intensive purposes was the year for the servicing side to put these aches and pains on ice and to heal old wounds. …read more
Sacramento area foreclosures decline sharply
Foreclosure activity in the four-county Sacramento region fell by more than 63 percent in November compared with the same month last year, RealtyTrac said in its most recent report. 6. How foreclosures gutted the housing market in three Sacramento communities …read more
Thursday’s Scores – San Francisco Chronicle
Thursday’s ScoresSan Francisco ChronicleBureau Valley 71, Orion 56. Knoxville 62, Morrison 43. Mercer County 56, Peoria Heights 55. Morrison 43, Lena-Winslow 42. Orion 53, Riverdale 44. Peoria Heights 56, Riverdale 39. Stark County 53, Erie 41. Stockton 53, Mercer County 43 … and more …read more
Understanding Estate Planning Part One
By Steve Now that the economy is recovering, many people are taking a look at their assets and looking for ways to preserve what they have and how to provide for their loved ones when their gone. That process is called “Estate Planning”. Here at BPE Law, we’ve been providing Estate Planning services to our […]
Ten indicted in mortgage fraud scheme
The United States Attorney for the Southern District of Florida charged ten Florida residents with mail fraud, conspiracy to commit mail fraud and wire fraud, with all ten defendants facing up to 20 years in prison. …read more
The year in review: HW memes revisit the top news stories of 2013
Continuing HousingWire’s meme series, the housing finance system faced many pivotal turning points in 2013. Here’s a recap: …read more
The year in review:
Continuing HousingWire’s meme series, the housing finance system faced many pivotal turning points in 2013. Here’s a recap: …read more
HW 30, markets rise modestly
Trading was light the day after Christmas and buoyed by upbeat jobs numbers. Along with the other markets, the HW 30 was higher by early afternoon trading, up by 0.29%. …read more
When mortgage servicing transfers make sense
The performance of U.S. mortgages improved in the third quarter, the Office of the Comptroller of the Currency says. And while servicing transfers remain a concern for regulators, there is a substantial benefit to moving a loan from one servicing provider to another. …read more
Size of FHFA GSE examiner staff remains an issue
The Federal Housing Finance Agency managed to expand its core examination staff in the past year and a half, but it’s possible the agency still lacks the examination resources needed to ensure exams are done on time, a new report from the Federal Housing Finance Agency Office of the Inspector General recently reported. …read more
10-year Treasury yield tops 3%
The benchmark instrument topped a psychological threshold not seen since 2011. …read more
What are we reading?
Here’s a quick look at some of the more interesting pieces we’re finding around the web in our post-holiday turkey comas. …read more
Memes: The photographic story of housing
While 2013 left behind low interest rates and the start of tapering, 2014 presents its own set of landmark events for housing, and we tried to encapsulate just this, in picture form, with our own set of HousingWire memes. …read more
ClearVision crosses $3 billion-mark in loan closings
ClearVision Funding just finished a banner year. The wholesale mortgage bankers say it has closed on $3 billion in loans since opening for business in 2010 and is projected to close another $3 billion in 2014 alone. …read more
Freddie Mac: Rates remain stagnant heading into 2014
Mortgage rates remained stagnant heading into the final days of the year, with the 30-year, fixed-rate mortgage increasing only slightly to 4.48% from 4.47% last week. …read more
MBIA raises money selling put-back claims
Monoline insurer MBIA managed to distance itself from the effort of insuring loans tied to the bankruptcy estates of Residential Funding Co., Residential Cap and GMAC. The company sold its interest in claims against the firms this week. …read more
Jobless claims fall by 42,000 filings amid seasonal volatility
Due to volatility tied to seasonal adjustment for the holidays, jobless claims continued to fluctuate and dropped by 42,000 filings for the week ending Dec. 21. …read more
Real Estate, Film Industry Tycoon Wang Jianlin Is Forbes China’s 2013 … – Forbes
Real Estate, Film Industry Tycoon Wang Jianlin Is Forbes China’s 2013 …ForbesForbes China, the licensed Chinese-language edition of Forbes magazine, has named real estate and film industry billionaire Wang Jianlin as its 2013 Businessman of the Year in its latest edition unveiled on Wednesday. Wang topped the 2013 Forbes China … and more …read more
The plague of all-cash buyers: Massive market distortions being created by easy money policy. 42 percent of recent purchases recorded no conventional mortgage.
By drhousingbubble A plague on both of your houses. Unless of course, you are buying a few extra homes as investments and then the market is conveniently setup for you. The Fed has created a housing market dominated by a herd of investors. There is no hyperbole in this statement when the latest report shows […]
‘Twas the Night Before Christmas – 2013
By Mandelman ‘TWAS THE NIGHT BEFORE CHRISTMAS… 2013. An Annual Political and Economic Year in Review by Martin Andelman You can read it below, but if you click ‘Play’ above… I’ll read it to you. ~~~ ‘Twas the night before Christmas – 2013 ~~~ ‘Twas the night before Christmas – 2013 It was time to […]
Mortgage applications drop in wake of Fed’s taper
Mortgage applications dropped across the board last week, according to new data released Tuesday morning by the Mortgage Bankers Association. Total applications fell 6.3 percent on a seasonally-adjusted basis according to the MBA’s index of mortgage activity, marking the second straight week of languishing mortgage demand from consumers. …read more