Housing takes a breather: Why that's good

Posted December 29, 2014 / No comments

The housing market is cooling off. It may be just what is needed to get buyers back into the market this coming spring….(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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Samaras Vote Failure Spurs Turmoil in Stock, Bond Markets – Bloomberg

Posted December 29, 2014 / No comments

Samaras Vote Failure Spurs Turmoil in Stock, Bond Markets Bloomberg Prime Minister Antonis Samaras's failure to gather enough backing for his presidential candidate is creating havoc in Greece's stock and bond markets. The ASE Index tumbled as much as 11 percent today, extending its December slump to 15 percent, the … and more »…(read more) Forward this

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The 2015 slash to VA loan limits will have little impact on veterans, even in hardest-hit DC suburbs

Posted December 29, 2014 / No comments

In one of its final acts of 2014, Congress reduced the maximum size of mortgages guaranteed by the Veterans Administration (VA) to the size allowed for those guaranteed by Fannie Mae and Freddie Mac (GSEs). This change will begin on January 1, 2015 and affect 82 counties, especially the DC suburbs, reducing the VA loan

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Black Knight: House Price Index up slightly in October, Up 4.5% year-over-year

Posted December 29, 2014 / No comments

Note: I follow several house price indexes (Case-Shiller, CoreLogic, Black Knight, Zillow, FHFA, FNC and more). The timing of different house prices indexes; Black Knight uses the current month closings only (not a three month average like Case-Shiller or a weighted average like CoreLogic), excludes short sales and REOs, and is not seasonally adjusted. From

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Credit Suisse vows to fight New York mortgage securities case

Posted December 29, 2014 / No comments

ZURICH (Reuters) – Credit Suisse Group AG said on Monday it would fight a U.S. lawsuit which accuses the Swiss bank of deceiving investors in mortgage-backed securities it had issued….(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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