Dow Jones S&P CoreLogic released the March case shiller home price indices this morning and they show that home price gains across the nation continue to slow down. In particular, the Case Shiller Chicago area index for single family homes in March resulted in the lowest year over year gain in 37 months at 1.8%.
Case-Shiller Index Improves for 10th Month "Data through November 2009, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show that the annual rates of decline of the 10-City and 20-City Composites continue to improve, in spite of price declines being measured across many.
Hillary Clinton says she’d let big banks fail Fed Beige Book: Economic activity expanded in March, housing results mixed Jefferies raises nationstar mortgage to a ‘buy’ rating 2012 marks milestone year for trulia 2012 marks centennial milestone for University of Nevada. – Summer 2012 marks a special milestone for the University of Nevada, Reno: its 100th year of providing summer session academic classes to students. The centennial year is almost unrecognizable compared to the 1912 version of the program, which has been notably transformed to enhance the academic.Foreclosure starts reach lowest level since 2005 Pre-Foreclosure Prices Hit New Low; Most Discounted States: RealtyTrac – For pre-foreclosure homes, which are residential properties in default or scheduled for auction, sales were at their highest quarterly level since. lowest in the history of RealtyTrac’s foreclosure.JPMorgan overcharged military families, improperly foreclosed No. 2 bank overcharged troops on mortgages nbc news exclusive: JPMorgan Chase also improperly foreclosed on homes By Lisa Myers and Sarah Heidarpour One of the nation’s biggest banks – JP Morgan Chase – admits it has overcharged several thousand military families for their mortgages, including families of troops fighting in Afghanistan.Mr. Cooper Group – the new name following the combination of Nationstar Mortgage and WMIH Corp. – posted a $54 million third-quarter profit and announced plans to buy Pacific Union Financial, as well as make other strategic acquisitions.The Beige Book is a collection of anecdotes about the economy compiled by each of the Fed’s 12 District banks. The report indicated that manufacturing activity generally expanded, and employment.Hillary vows to let big banks fail – WND – WND – Hillary Clinton, the Democratic front-runner in her party’s primary for president, said during an appearance on the "Late Show with Stephen Colbert" she would definitely let big banks fail.High-risk FHA loans push mortgage risk index up in May Pennsylvania mortgage foreclosure diversion program benefits servicers Image: Diagram of the basic foreclosure process. The diversion program pauses the judicial process between steps 4A and 5A as shown here. Source: Flickr. The Mortgage Foreclosure Diversion Program essentially creates an alternative resolution to litigation for homeowners facing foreclosure and the lenders bringing the foreclosure actions.They’re offered by private lenders but insured by the government, reducing risk, so lenders are willing to make them at favorable terms. FHA. for up to 100 percent of the purchase price. Many.
5 CONSUMERS’ MORTGAGE SHOPPING EXPERIENCE indicates, though it also shows that price appreciation has not been consistent across all markets during this period. The reduction in the "shadow inventory" – homes in or subject to foreclosure – has contributed to this trend of rising home prices. While prices in many cities remain below
Standard & Poor’s, known as a leader of financial market intelligence, has revised estimates for when we can expect this much-talked-about shadow inventory to clear up. S&P now estimates that it will take 41 months-or nearly three and a half years-to get through and sell off all that shadow inventory lurking in the national real estate.
Shadow Inventory of Homes to Take Nearly 3 Years to Clear: S&P Principal forgiveness may not be the silver bullet for housing: S&P Jon Prior was a reporter with HousingWire through late 2012.
· While prices remain nearly 30% off their pre-housing bubble peaks, a drawing down of the shadow inventory and a continued positive trend in home sales point to further strength ahead, with Barclays ‘ economic research team estimating home prices will gain between 6% and 7% this year.
Fidelity National Financial adjusts terms of LPS acquisition A leading title insurer, Fidelity National Financial Inc. (FNF) amended its consideration mix associated with the acquisition of Lender Processing Services Inc. (LPS) announced on May 28, 2013.Nationstar’s business strategy: Big risks mean great rewards Getting great feedback from customers; These are the kind of non-financial rewards that give entrepreneurs a buzz. However, ultimately, it is the financial rewards that justify the effort and make taking the risk worthwhile.
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