Wednesday’s new home sales report had a positive headline. But a deeper dive into the new home sales data shows that November’s increase over October isn’t quite as promising as it appears. …read more
From:: Real Estate Wire
New homes sales rise in November
Sales of new single-family houses in November 2015 printed at a seasonally adjusted annual rate of 490,000, according to estimates released jointly Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development. …read more
From:: Real Estate Wire
MBA: Mortgage applications jump 7.3%
After two weeks of remaining relatively stagnant, mortgage applications rose by more than 7% or the week ending Dec. 18, the latest data from the Mortgage Bankers Association showed. …read more
From:: Real Estate Wire
Black Knight: Foreclosure starts fall to lowest since April 2006
The number of homes that had foreclosure proceedings started against them hit the lowest level in nine years in the month of November, a new report from Black Knight Financial Services showed. …read more
From:: Real Estate Wire
CFPB: Complaints about Ocwen keep falling
Long the target of regulators and consumers due to its mortgage servicing practices, Ocwen Financial finds itself in a unique position in a new report from the Consumer Financial Protection Bureau: Complaints against the much-maligned nonbank keep falling. …read more
From:: Real Estate Wire
Here’s everything you need to know about TRID from JPMorgan Chase
In an effort to help the industry deal with the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule , JPMorgan Chase put out a “frequently asked questions” about TRID, all that it entails, and how Chase is dealing with it. …read more
From:: Real Estate Wire
This is what the latest housing data is doing to the stock market
By jgaffney@housingwire.com According to The Wall Street Journal Morning MoneyBeat, this is what the latest housing data is doing to the stock market. Here is what reporter Kristen Scholer has to say. …read more
From:: Real Estate Wire
FHFA home price index ticks up slighty
By jgaffney@housingwire.com The FHFA HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. The good news? From October 2014 to October 2015, house prices were up 6.1%. …read more
From:: Real Estate Wire
The TRID effect is real: Existing-home sales fall sharply in November
First there was anecdotal evidence that the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule in October had caused issues with the housing industry, but now, concrete data is beginning to show just how much the impact of TRID is being felt – and the news isn’t great. Click the headline to read more. …read more
From:: Real Estate Wire
New Yorker threatens to become war journalist to stop mother selling his home
A New York man is currently fighting to retain his ownership of a well-known building that he inherited from his mother, but not before allegedly threatening to go to extreme lengths to keep her from selling the building, reportedly telling her that the sale of the building would leave him homeless, drive him to commit suicide, or perhaps even worse, to become a journalist. …read more
From:: Real Estate Wire