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diana_olick

  1. #Obama talking about the #Reno #refi family again. Don't forget, they did a cash-out during #housing boom, THAT's what put them underwater
  2. #Homebuilders $LEN $DHI $KBH $PHM all move lower on weak #jobs report
  3. Govt #HARP #refinances doubled to 180,000 in Q1 from Q4 thanks to elimination of LTVs and lower fees. 1/7 refis were HARP #FHFA
  4. #Jobs report signals more trouble for #housing, especially in "clobbered metros" tinyurl.com/bpmljyb #realestate
  5. Improving consumer sentiment in #housing is "unsupported by today's [jobs] report" -- @FannieMae chief economist Doug Duncan
  6. 2800 #construction #jobs lost in May. Growth weakest in hardest hit #housing markets, and unemp ticks up for 25-34 yr olds-1st time buyers
  7. New #FHA #foreclosures spike bit.ly/L0tAKp
  8. 15 year fixed rate #mortgage "breaks barrier" dropping to 2.97%. 30yr fixed sets new low at 3.75% @FreddieMac
  9. SF #Connecticut home sales rise 25% YY in April to highest volume of the year, but median price drops 5.5%. Warren Group
  10. #Foreclosures are the key to summer home sales: cnbc.com/id/47616434
  11. Lack of distressed supply continues to hit home sales: cnbc.com/id/47616434
  12. #CMBS delinquency rate hits all time high, 10.4% in May. TreppWire. Up 67 bps in the last three months.
  13. Pending #home sales (signed contracts) drop 12% out West m/m, likely due to lack of supply of #foreclosed homes. Drop 5.5% nationally mm.
  14. CEO of @MBAMortgage David Stevens leaving to become President of SunTrust #Mortgage.
  15. April pending #home sales index from @REALTORS (signed contracts, not closings) out at 10am ET. Expectation is flat after 4% jump in March
  16. 66,000 #foreclosures completed in April, unch from March. CA, FL, MI, TX, GA account for nearly half of nation's foreclosures @CoreLogicInc
  17. 10 yr #treasury yields hit new low, #mortgage rates follow, but applications still well below a year ago. Cash is king in #housing today
  18. At @CNBC HQ today for #housing series: Watch for stories on #rentals as a new asset class, best #foreclosure buys, @janewells in Stockton!
  19. Wkly #mortgage apps fall, refis and purchase apps, despite new record low of 3.91% on 30 year fixed. @MBAMortgage
  20. Home prices hitting new lows, but #housing optimism hitting new highs. How's that? cnbc.com/id/47599371