Monday Morning Cup of Coffee: California housing market tightens, FDIC closes 2 banks

The FDIC maintains a database of banks who have expressed interest in buying failed banks from the FDIC.. on Monday morning at 1 a.m., 2 a. Anatomy of a Bank Failure: What Happens when the.

China’s leverage crackdown is forcing local companies to confront their addiction to short-term bond sales that they use to roll over debt. The shock therapy is worsening the ou

Fannie Mae: Consumers think it’s easier than ever to get a mortgage Many mortgage lenders use the Fannie Mae mortgage underwriting system. [ Being Over the Limit on Your Credit Cards is More Common Than You Think]. For example, Consumer A charges $5,000 to a credit card with a $6,000. Applicants should run side-by-side scenarios to make sure it's worth any.

Broad trends in the survey indicate an increasing variation in the housing market across the UK, with London – and to a lesser extent the South East – operating in a very different orbit. Rather.

Wells Fargo officially reaches $1.2B settlement over its FHA lending Wells Fargo has agreed to a $1.2 billion settlement to resolve a long-running mortgage dispute with the U.S. government, a move that slashes the bank’s 2015 profit by $134 million.Back to the Futures: Investors See Four Years’ Worth of Housing Slump Foreclosure starts reach lowest level since 2005 Home prices rise 0.3% in August, up 5.6% since January Housing starts fall 5.8%, disappointing analyst estimates housing starts fell unexpectedly last month. The Census report gives the details: Privately-owned housing starts in October were at a seasonally adjusted annual rate of 529,000. This is 10.6.HOME PRICES UP 1.5% IN AUGUST In August, the Teranet-National Bank National Composite House Price Index was up 1.5% from the previous month, the third-largest August rise since the index series began in 1999. However, the advance was not very broad-based; prices were up in seven of the 11 metropolitan markets surveyed.Making vacant houses look less vacant — with decals? 6 Biggest Mistakes to Avoid When Selling a Vacant House – vacant houses sell more slowly than occupied houses because people need to see the house as a home, and if it is empty it is just a shell. Keeping enough furniture and dcor to make the house looked lived in helps tremendously when potential buyers view the house. Additionally, having the home.housing starts fall 5.8%, disappointing analyst estimates Over in the financial sector, Goldman Sachs became the latest bank to handily beat wall street analysts’ estimates. Also. when fresh readings on housing starts and building permits are set to be.Wisconsin Foreclosure Rate Highest In These 5 Counties A new report shows the overall number of foreclosure filings in the U.S. decreased compared to 2016, reaching their lowest level since 2005Dow Futures Plunge After 3M Plummets; Dollar Soars On Global. – The futures market is moving back toward pricing in a full quarter-point cut this year, even as U.S. and Chinese economic data show signs of improvement. Rich Asians came to the rescue of UBS Group AG in the first quarter after Chief Executive Officer Sergio Ermotti’s dire outlook on market conditions sent investors into shock and investment.

As the mortgage market imploded over the past few years, the head of the Federal Deposit Insurance Corporation has watched as her agency became the owner of thousands of soured real estate properties, the Wall Street Journal reports this morning. In total, the FDIC currently owns $1.8 billion real estate, the WSJ notes.

FHA serious delinquency rate inches up while originations decline Measuring Delinquency and Foreclosure Recovery – DSNews – According to the report, 30-year fixed rate mortgages were the most popular mortgage origination product, making up 87.7 percent of originations in July 2018, followed by 15-year fixed rate.

Monday Morning Cup of coffee: california housing market tightens, FDIC closes 2 banks 6 thoughts on " Small town retail: is the outlook any better than the cities? Chris B November 16, 2018 at 12:58 pm. Think about how few times you go into a bank branch per year today,

The Norris Group Real Estate News Roundup 5/15/10 Today’s News Synopsis: The NAHB reports U.S. home-builder sentiment rose in May to the highest level in more than 2-1/2 years. The FDIC has shut down 72 banks so far in 2010.

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Southern California home sales plummet Bank failure list tops 45 – Jun. 26, 2009 – money.cnn.com – California has had six banks fail so far this year. The FDIC said it entered a loss-share agreement with the acquiring banks for a portion of the failed banks’ assets.

This story about the Wall Street lobby was interesting, particularly since this morning Bill Dudley, friend of Wall Street, Goldman alumnus, and President of the NY Fed, called for the continuing purchase of over a trillion dollars in bad mortgage debt from these banks at above market prices here.

Monday Morning Cup of Coffee takes a look at news coming across HousingWire’s weekend desk, with more coverage to come on larger issues. Ocwen Financial tried a novel tactic when it decided to fight back against the Consumer Financial Protection Bureau after the bureau recently sued the nonbank, accusing Ocwen of "failing borrowers at every stage of the mortgage servicing process."