Fannie-Freddie's Faith in FICO Tested by VantageScore – Bloomberg

Posted October 31, 2014 / No comments

Fannie-Freddie's Faith in FICO Tested by VantageScore Bloomberg Barrett Burns has been lobbying Fannie Mae (FNMA) and Freddie Mac to adopt his credit-scoring system, VantageScore, for years. So when he spotted Mel Watt, the companies' regulator, sitting in a Las Vegas hotel with his family, Burns didn't hesitate to ……(read more) Forward this article via email:  Send

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US personal income rose 0.2% in Sept vs 0.3% expected

Posted October 31, 2014 / No comments

This is a breaking news story. Please check back for updates.. U.S. personal income was expected to rise 0.3 percent in September, after climbing 0.3 percent the previous month….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Mortgage News Daily

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September Las Vegas Region Home Sales Press Release

Posted October 31, 2014 / No comments

Las Vegas Region September Home Sales Las Vegas-area homes sold at the slowest pace for a September in seven years as the share of homes purchased by investors and other absentee buyers fell to a 69-month low. The median price paid for a home edged up from August to a six-year high, CoreLogic DataQuick reported.

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Friday: Personal Income and Outlays, Chicago PMI, Consumer Sentiment

Posted October 31, 2014 / No comments

From Freddie Mac: Mortgage Rates Rebound, Remain Below Four Percent Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving higher across the board this week and rebounding from the lowest rates of the year. 30-year fixed-rate mortgage (FRM) averaged 3.98 percent with an average 0.5

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Lawler: MDC Results and Homebuilder Summary Table

Posted October 31, 2014 / No comments

From housing economist Tom Lawler: M.D.C. Holdings: Net Orders Up, Orders per Community Down; Margins Fall on Higher Incentives M.D.C. Holdings reported that net home orders in the quarter ended September 30, 2014 totaled 1,081, up 17.0% from the comparable quarter of 2013. Net orders per active community were down 2.3% from a year ago.

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Futures Now, October 30, 2014

Posted October 30, 2014 / No comments

[View:http://video.cnbc.com/gallery/?video=3000325869&__source=mnd|news|video|&par=mnd] CNBC's Jackie DeAngelis and the Futures Now Traders have the post-QE bond trade, with Leader Capital's John Lekas. And how to make money in Treasurys, the S&P and gold's tumble. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Video

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Credit Research Part 3: The Recession and Mortgage Delinquencies

Posted October 30, 2014 / No comments

I’ve been blogging about the increase in US mortgage charge-offs during the Great Recession and its negative impact on homeownership. As the economy continues to recover, it is likely that lenders will start to relax their underwriting criteria-early indications of which have been confirmed by the OCC’s most recent Survey of Underwriting Criteria. Even so,

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