S&P Dow Jones Indices

More Options Means Less Down and Riskier Debt

Today’s News Synopsis: Homebuyers are stretching budget and mortgage limits.  HUD and the Census Bureau reported a 4% increase in new homes sales for the month of March.  Home prices also picked up across the country according to the latest Case-Shiller Index. In The News: National Association of Realtors – “Consumer Interest Trends Towards Sustainability, …

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R. Bob Corker and D. Mark Warner Coming Together With Same Idea to Dissolve GSEs

Today’s News Synopsis: Republican Bob Corker and Democrat Mark Warner are coming together with the same idea to split up both of the GSEs.  Aaron Norris of the Norris Group was featured in an article explaining the best strategy for real estate investors to generate leads.  The latest S&P CoreLogic Case-Shiller Indeces showed home prices …

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Construction on Single-Family Homes Decreases in March By 6.8%

Today’s News Synopsis: The latest S&P Dow Jones Indices and Experian data showed a small increase in mortgage default rates, up one basis point to .75% in March.  Construction on single-family homes decreased in March by 6.8% after showing positive numbers in February.  Bank of America reported a 40% increase in their profits with their …

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Latest Case-Shiller Index Shows Prices at 31-Month High Year-Over-Year

Today’s News Synopsis: The latest Case-Shiller National Index from S&P and CoreLogic showed a 5.9% annual gain in home prices, putting them at their highest in 31 months.  The latest report from the CFPB showed complaints regarding credit were much higher from December 2016-February 2017.  A new product was released by ATTOM Data Solutions today …

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Default Rates for Bank Cards at Highest in Almost 4 Years According to Latest S & P/Dow Jones Indices

Today’s News Synopsis: The latest S & P and Dow Jones Indices showed default rates for bank cards were at their highest in almost 4 years in January, up three basis points from 0.92%.  Several holders of hedge funds were unsuccessful in their attempt to have a ruling overturned that would allow them to sue …

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Memories of Financial Crisis Hindering Buying Despite Home Values Increasing

Today’s News Synopsis: Despite the values of homes increasing, consumers are still hesitant to buy due to painful memories of the financial crisis.  Deutsche Bak reaches settlement of $7.2 billion with Justice Department for dishonest practices.  Real estate purchases in Brooklyn are exceeding those of Manhattan. In The News: CNBC – “Rising home values aren’t enough …

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NAHB Reports One Point Decrease in Builder Confidence

Today’s News Synopsis:   The Mortgage Bankers Association reported a 1.4% increase in commercial/multifamily mortgage debt by commercial banks.  The NAHB reported a one point decrease in builder confidence, putting it now at 61.  A new rule was recently proposed by the FHFA that would require mortgages be offered by the GSEs that normally are …

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Residential Home Sales Highest in Seven Years Despite Being 3.2.% Down From June

  Today’s News Synopsis:   Sales on residential homes are still up year-over-year to their highest in seven years despite being 3.2% lower month-over-month.  Housing starts for single-family homes only increased by 0.2%, yet they are at their highest in eight years.  Fannie Mae just completed its third deal under the Credit Insurance Risk Transfer …

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