Thursday, June 14, 2012

Harvard's State of Housing Report; Shadow Inventory; FHA Streamline Changes

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Jun 14, 2012 11:41AM

Harvard's State of Housing Report Says Home Construction Now Adding to GDP

Steadier job growth and improving consumer confidence are now boosting home sales and home prices may finally find a bottom this year according to the latest State of the Nation's Housing report released this morning. The report, produced by the Joint Center for Housing Studies of Harvard University, says further that stronger home sales should pave the way for a pick-up in single-family construction over the rest of 2012. Conditions, however, will keep this recovery " subdued ." The backlog of nearly...

Jun 14, 2012 9:58AM

FHA Streamline Changes in the Blink of an Eye; News from Indiana and California; Mortgage Jobs in Production and Secondary

Regardless of size, regardless of defense, regardless of current QC measures, buybacks are an issue at every level. PNC , #17 lender by volume in the first quarter, saw its stock take a hit due to them . (And at Stratmorgroup .com the current blog discusses the issue of the Freddie Mac & Bank of America buybacks, and its potential impact on the industry.) Companies searching for employees continue. A Boston-area based $5 billion dollar regional bank is seeking an experienced high-energy executive...


Micro News

3:16 PM:

Bond Markets Holding Ground Impressively After Central Bank Headline

3:09 PM:

BIG DEAL HEADLINE HITS. NEGATIVE REPRICE RISK

1:20 PM:

Longer-Dated Treasuries Holding Support. Victory For MBS

1:09 PM:

Bond Markets Retreating After Weak 30yr Auction. Reprice Risk?

10:02 AM:

Freddie Mac: Average Fixed Mortgage Rates Reverse Course

9:31 AM:

Bond Market Sparkle And Fade Following Economic Data

8:46 AM:

ECON: Current Account Deficit Wider Than Expected

8:43 AM:

ECON: Consumer Price Index Down 0.3 Pct vs -0.2 Consensus

Around the Web

Video News

Breaking News: Central Banks to Coordinate?

BlackRock on Housing

May Foreclosures Tick Higher


Today's Comments

Ray J

"As long as brokers disclose their YSP and consumers are able to shop around what's the issue? I can buy a TV at CompUSA for 300 and the same TV at..."

Frank Ceizyk

"I am curious where the example of a broker juicing a rate from 6% to 8% came from? The abuses of "yield spread premiums" that I have read about..."

Rich Reimiller

"Perfect example of the difference in wholesale and retail underwriting. Wells Fargo on the retail side will go down to 600 credit scores. The article states..."

Today's Q&A

"changed docs after signed"

"llowing monthly payment on mortgage"

"No communication from mortgage broker"