Tag Archives: Mortgage Finance

Housing Recovery Is Leaving Behind First-Time Buyers

Current homeowners are finally moving up, and distressed sales are making up less of the overall market—all signs of much-needed improvement in housing. Current homeowners accounted for 54 percent of October’s non-distressed market, up from 50 percent in June, according … Continue reading

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Home Prices Rise, but Analysts See Pressure Ahead

While sales of existing homes are still on a bumpy road to recovery, home prices are seeing steady gains.  Nationally, prices rose 2.6 percent in August, according to a repeat sales index from Lender Processing Services. Prices are up an … Continue reading

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Regulator Claims New Rules Will Loosen Mortgage Lending

Ask any real estate agent, home builder or home buyer what is the biggest barrier to entry in today’s housing market, and the likely answer will be: tight credit. The lax lending of the latest housing crash is no more, … Continue reading

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How Investors Are Skewing Home Price Recovery

Home prices finally appear to be catching up with the increase in overall sales pace. That is usually the case, as prices lag sales on the way up and on the way down.  The latest reading from SP/Case-Shiller, which employs … Continue reading

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Wells Fargo Bankers Toting Guns Aim at 40% of Market: Mortgages

In mid-January, sales managers in Wells Fargo Co. (WFC)’s mortgage unit, the largest in the U.S., gathered at a hotel south of San Francisco dressed as cowboys, six shooters strapped to their hips. The invitation said “40% or BUST!!” The … Continue reading

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