Home prices barely cooled in the winter of 2013, as the 10-city and 20-city Standard & Poor’s/Case-Shiller Home Price Composite Indices shot up 13.8% and 13.7%, respectively, when compared to year earlier levels. …read more
Monthly Archives:: January 2014
Is Obama even going to talk about housing reform tonight?
Whenever President Obama gives a major speech – such as tonight’s State of the Union address – housing analysts wonder if this will be the year when the president finally puts housing and mortgage finance issues center stage, declaring bold and brave new initiatives on the housing front. But don’t get your hopes up. It […]
Living at home generation: a modern day feudalism awaits young Americans as the prospect of homeownership falls out of grasp.
By drhousingbubble The prospect of homeownership for many young Americans seems so far out of reach that many are resigned to be renters for the rest of their lives. In places like San Francisco and New York even those with decent paying jobs will find it hard to own a piece of real estate. Obviously […]
The cure to zombie foreclosures
Zombie foreclosures are taking over the Chicago area like a rapidly spreading disease. According to a recent report, at its current rate, there will be an additional 7,200 zombie properties in Cook County, including nearly 3,200 in the City of Chicago, by 2015. …read more
We couldn’t believe which states have the most late mortgages
Overall delinquencies are declining across the U.S., but some states are leading the way in not paying their notes, while others have surprising amounts of fiscal discipline. Here’s the list of winners and losers. …read more
Did SFIG deliver the knock-down blow in Vegas showdown?
The line from ASF is there’s space enough for more than one advocacy group for investors, but the fact is from early reports, that there’s not room enough for two conventions. SFIG says no. The ASF says yes. Could the truth be in between? …read more
FGMC names new chief strategy officer
First Guaranty Mortgage Corporation named Gretchen Malatesta chief strategy officer, where she will be responsible for assessing and managing the company’s overall corporate and geographic growth strategies. …read more
JPMorgan reportedly selling $373M prime new issue RMBS
JPMorgan Chase told HousingWire.com the bank will decline comment on a Bloomberg news item suggesting the lender is about to sell $373 million prime new issue residential mortgage-backed securities. …read more
Title Source launches new app
The mortgage process just got simpler for signing agent partners, with the launch of Title Source’s new mobile app, My Signings, which provides a streamlined process for Title Source. …read more
U.S. home prices edged up between Oct. and Nov.
The real estate recovery continued in the latter part of 2013, but showed signs of slowing down even as price growth showed significant gains from year earlier levels. New data from Black Knight Financial Services shows only a slight increase in average home values from November to December. …read more
HW 30 bucks Monday downward slide
Is the decline among the HW 30 REITs a bad omen for what will happen to REITs in 2014 as interest rates rise? …read more
SLK Global opens Dallas office
SLK Global opened a new operating center in Dallas, establishing its first U.S.-based facility and expanding its onshore services portfolio in the U.S. …read more
The man behind the Federal Reserve
Federal Reserve Chairman Ben Bernanke will preside over his last Fed policy meeting Tuesday and Wednesday. During his tenure as chairman, he managed to surprise industry experts by helping stabilize the market and restoring investor confidence. Here’s a look back at his heavily criticized days leading the Fed. …read more
How QM fails to deliver
The qualified mortgage rule was deigned to halt excessively risky lending, but according to one industry expert, the rule fails to really create any type of significant impact. …read more
The secret to making REO-to-rental viable
This may be the year of REO-to-Rental. Or it may be a long run for a short slide in a game already in the 7th inning. …read more
Here’s what speculators on the American economy say about its future
There’s plenty of chatter about the U.S. economy going into Wednesday’s announcement from the Federal Open Market Committee, especially in regards to whether it will continue to taper investments in Treasurys and mortgage-backed securities. …read more
New home sales fell 7% in December
New home sales maintained a downward trajectory in December, falling 7% below November’s revised rate of 445,000 unit sales to a seasonally adjusted annual rate of 414,000 units. But this is still 4.5% above year earlier levels. …read more
Centerline Capital Group Refinances a Multifamily Property in Stockton, California – Wall Street Journal
Centerline Capital Group Refinances a Multifamily Property in Stockton, CaliforniaWall Street JournalNew York, NY – January 27, 2013 – Centerline Capital Group is a provider of real estate mortgage services for conventional and affordable multifamily housing, announced today it has closed a $4.0 million Fannie Mae loan to refinance a multifamily … …read more
Think Millennials are stalling the housing market?
For years now, everyone has been blaming the Millennials for stalling the housing recovery because of their reluctance in buying a home, but it may be the cohort right before them – the generational cuspers, or those born from 1978 to 1982 – who are to blame. This age group now has the lowest homeownership […]
Monday Morning Cup of Coffee: Ginnie MSRs up for grabs; Key housing data expected
There’s a chance to grab more Ginnie Mae mortgage servicing rights, while the housing market awaits key real estate data after a shaky week on Wall Street. Meanwhile, Zillow Tech Connect creates ties with nine new partners. All of this and more in Monday Morning Cup of Coffee. …read more
Prof Robert Hockett: Need Eminent Domain to Break Securitization Suicide Pact Killing Recovery – A Mandelman Matters Podcast
By Mandelman If you’re looking to start a fight over dinner at your in-laws, just bring up the topic of eminent domain, specifically as Cornell University Law School’s Professor Robert Hockett is proposing it be used to force the writing down of underwater mortgages for homeowners… and take whichever is the other side. My guess […]
Chinese Real Estate Billionaire Makes Big Bet On Bank Amid Worries About … – Forbes
Chinese Real Estate Billionaire Makes Big Bet On Bank Amid Worries About …ForbesAmid worries in China about the exposure of its financial industry and investors to bust trust products, one of the country’s richest people is making a big bet on a bank. Hong Kong-listed Evergrande Real Estate Group, whose chairman Hui Ka Yan ranked […]
Silicon Valley powers a gain of 11200 jobs in Bay Area last month – San Jose Mercury News
Silicon Valley powers a gain of 11200 jobs in Bay Area last monthSan Jose Mercury NewsThe South Bay and the San Francisco metro area are the major job engines for the entire state, while the East Bay is one of the weakest,” said Jeffrey Michael, director of the Stockton-based Business Forecasting Center at University of […]
Major stock indices finish down
The stock market suffered one of its worst weeks in recent history, with all major indices finishing the Friday trading day down. …read more
Fed continues to worry about banks that could crash the system
Too big to fail worries are not over at the Federal Reserve. In fact, they have more pointers for the mega banks on how to prepare for future liquidity crunches. …read more