Trump's 'first date' with markets went well, now it's time for the second, says Wells Fargo's Silvia

The president-elect has to work to keep the markets as "happy" as they have been since his election, John Silvia says....(read more)

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Here's what will happen when millions of jobs are lost to robots

A 2013 study from Oxford University predicts that future technology could displace nearly half of American jobs....(read more)

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2016: A Year Defined by America's Diverging Economies

In many ways, 2016 has been the strongest year, economically, since the mid-2000s, or even the late 1990s. Unemployment was low. Wages were increasing. The markets hit new highs. Consumer confidence rose . Yet Donald Trump unseated the incumbent party and won the presidential election promoting economic pessimism and promising restoration: He swore to Make America Great Again, describing the country as falling behind, workers as jilted, growth as anemic, and the current period of expansion as a sham. How could a message like Trump's take hold in an economy like that? The answer is that it did ......(read more)

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Fannie Mae: Mortgage Serious Delinquency rate increased in November

Fannie Mae reported today that the Single-Family Serious Delinquency rate increased to 1.23% in November, up from 1.21% in October. The serious delinquency rate is down from 1.58% in November 2015. These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Click on graph for larger image Although the rate is generally declining, the "normal" serious delinquency rate is under 1%.  The Fannie Mae serious delinquency rate has fallen 0.35 percentage points over the last ......(read more)

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Great Rotation: Is the Bull Market in Bonds Over? - Bloomberg

Bloomberg Great Rotation: Is the Bull Market in Bonds Over? Bloomberg Bloomberg's Abigail Doolittle discusses the drop in bond prices as equities rise on "Bloomberg Markets." (Source: Bloomberg). Most Recent Videos. Great Rotation: Is the Bull Market in Bonds Over? Full Show: What'd You Miss? (12/28) · Full Show: What'd ......(read more)

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The markets in January: What's next?

The trading community is focused on what will drive markets up in 2017 - and what speed bumps will occur along the way....(read more)

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Rising mortgage rates making you nervous? Here's how to lower yours

The monthly payment on some new homes is now higher, there is, however, a way to lower it by buying down the rate....(read more)

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Dear fiscal policy: Janet Yellen's really not that into you

Federal Reserve Chair Janet Yellen's supposed interest in fiscal policy has been exaggerated....(read more)

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Which mortgage originators will survive in 2017?

A lot of loan officers and companies say it's business as usual. Not true....(read more)

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Here's when to buy down your mortgage

CNBC's Diana Olick takes a look at whether home buyers should consider buying down their mortgage rates as interest rates begin to rise....(read more)

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Redfin Names the Most Competitive Neighborhoods of 2016

Homebuyers were most likely to face competition in Seattle, Boston, Denver and San Francisco The post Redfin Names the Most Competitive Neighborhoods of 2016 appeared first on Redfin Real-Time ....(read more)

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Jobless claims fall in sign labor market is near full strength

The number of Americans filing for unemployment benefits fell last week, holding well below a level associated with labor market strength....(read more)

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PHH Corporation Announces Sale and Subservicing Agreements for its Entire non-GNMA Mortgage Servicing Rights Portfolio

MOUNT LAUREL, N.J.--(BUSINESS WIRE)--Dec. 28, 2016-- PHH Corporation (NYSE: PHH) ("PHH" or the "Company") today announced that it has entered into an agreement with New Residential Investment Corp. (NYSE: NRZ) ("New Residential") for the sale of its entire portfolio of mortgage servicing rights ("MSR") and related servicing advances, excluding the Ginnie Mae ("GNMA") MSRs and related servicing advances that were part of the sale transaction announced in November 2016. Based on the MSR portfolio composition as of October 31, 2016 and market conditions as of December 28, 2016, total proceeds......(read more)

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U.S. Investor Optimism Ends 2016 at Nine-Year High

The Wells Fargo/Gallup Investor and Retirement Optimism Index is at its highest level since early 2007, following gains in each of the last three quarters....(read more)

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QuickTake: Understanding Full Employment - Bloomberg

Bloomberg QuickTake: Understanding Full Employment Bloomberg Bloomberg's Oliver Renick reports on today's top "QuickTake" topic. He speaks on "Bloomberg Markets." (Source: Bloomberg). Most Recent Videos. QuickTake: Understanding Full Employment · Full Show: Bloomberg Daybreak: Americas (12/27) · Full Show: ......(read more)

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Homebuyers Will Look for Cheaper Homes if Mortgage Rates Reach 5 Percent, Redfin Agents Report

Homebuyers may look for less expensive homes as rates rise, but Redfin agents caution not to worry The post Homebuyers Will Look for Cheaper Homes if Mortgage Rates Reach 5 Percent, Redfin Agents Report appeared first on Redfin Real-Time ....(read more)

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Pending homes sales fall 2.5 percent in November as Trump bump misses housing

Analysts had forecast a 0.4 percent increase in November....(read more)

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Over 80 Percent of Largest U.S. Housing Markets Improving

Over 80 Percent of Largest U.S. Housing Markets Improving...(read more)

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Aging population faces challenges in aging homes

Within the next few decades, rural areas will see more growth in the 65-and-older population than urban areas, according to a report from the Urban Institute...(read more)

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Zillow Forecast on Case-Shiller Index: "Expect a (Very) Modest Slowdown" in November

The Case-Shiller house price indexes for October were released this morning. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close. From Zillow: November Case-Shiller Forecast: Expect a (Very) Modest Slowdown After several months in a row of accelerating growth in U.S. home prices, the pace of appreciation is expected to slow somewhat in November, according to Zillow's November Case-Shiller forecast. The November Case-Shiller national index is expected to grow 5.6 percent year-over-year and 0.7 percent month-to-month......(read more)

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What will happen with house prices in 2017?

Yesterday I posted some questions for next year: Ten Economic Questions for 2017 . I'll try to add some thoughts, and maybe some predictions for each question. 7) House Prices: It appears house prices - as measured by the national repeat sales index (Case-Shiller, CoreLogic) - will be up about 6% or so in 2016. What will happen with house prices in 2017? The following graph shows the year-over-year change through October 2016, in the seasonally adjusted Case-Shiller Composite 10, Composite 20 and National indices (the Composite 20 was started in January 2000). Click on graph for larger image. ......(read more)

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US Treasurys edge higher as bond investors eyes data, auctions

U.S. government debt prices were mostly higher on Wednesday, as investors looked ahead to more auctions and the release of economic data....(read more)

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Wells Fargo LIFT programs create 2,000 homeowners in 2016

Wells Fargo LIFT programs create 2,000 homeowners in 2016<br/>http://ift.tt/2i4mcKb...(read more)

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Trump Win Could Usher in Boom for U.S. Housing, Says Shiller

Bloomberg Trump Win Could Usher in Boom for U.S. Housing, Says Shiller Bloomberg Donald Trump's unexpected victory in the November U.S. presidential election could prove a pivotal moment for the U.S. housing market, according to economist and Nobel laureate Robert Shiller. "I think we're at a turning point. The numbers that we're ... and more »...(read more)

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U.S. consumer confidence hits 15-year high in December

(Reuters) - U.S. consumer confidence shot to its highest in more than 15 years in December as expectations for strength in job growth, business conditions and the stock market continued to build following the U.S. presidential election, a survey said on Tuesday....(read more)

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Black Knight Home Price Index Report: October 2016 Transactions -- U.S. Home Prices Up 0.2 Percent for the Month; Up 5.6 Percent Year-Over-Year

JACKSONVILLE, Fla., Dec. 27, 2016 /PRNewswire/ -- Today, the Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) released its latest Home Price Index (HPI) report, based on October 2016 residential real estate transactions. The Black Knight HPI utilizes......(read more)

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7 Surprising Trends That Could Disrupt the Housing Market in 2017

Everyone seems obsessed these days with the next big thing: must-have holiday toys, tech gadgets-even housing. So what are the homes of the future? The post 7 Surprising Trends That Could Disrupt the Housing Market in 2017 appeared first on Real Estate News & Advice | realtor.com® ....(read more)

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Treasury yields are headed up in 2017—the only question is by how much

The brisk move leaves bond-market watchers staring into 2017 and wondering if the potentially too-far, too-fast surge in yields hearkens a calmer bond market-and a lid on rising market interest rates? Others are confident that market rates, much like the short-term interest-rate tool in the hands of the Federal Reserve, are inevitably headed higher, potentially slowing housing and other rate-sensitive segments of the economy....(read more)

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A few Comments on November New Home Sales

New home sales for November were reported at 592,000 on a seasonally adjusted annual rate basis (SAAR).  This was above the consensus forecast, however the previous months combined were revised down slightly. Sales were up 16.5% year-over-year in November, and this is the best month for November (NSA) since 2007. And sales are up 12.7% year-to-date compared to the same period in 2015. This is very solid year-over-year growth. Note that these sales (for November) mostly happened while mortgage rates were increasing (but still below the current level).  So far the increase in......(read more)

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US new home sales rise to four-month high

The Commerce Department said new home sales increased 5.2 percent....(read more)

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US consumer sentiment at 98.2 in Dec vs 98.0 reading expected

Consumer sentiment November 2016...(read more)

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Why the Chinese are still snapping up US commercial property

Interest in U.S. commercial real estate is perking up, particularly from China, on expectations from Trump's pro-growth policies....(read more)

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Barclays Balks at U.S. Demand It Pay Up Over 'Craptacular' Loans

Bloomberg Barclays Balks at U.S. Demand It Pay Up Over 'Craptacular' Loans Bloomberg The management team at Barclays Plc, facing a U.S. demand that it pay up over mortgage misconduct from the financial crisis, dared prosecutors to sue. The Justice Department obliged. After failing to agree with prosecutors on a price to put the U.S. ... and more »...(read more)

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Deutsche Bank and Credit Suisse agree billion-dollar fines with U.S. authorities

Deutsche Bank has reached a $7.2 billion deal with U.S. authorities to settle allegations of the mis-selling of mortgage-backed securities....(read more)

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US sues Barclays for alleged mortgage securities fraud

The U.S. Department of Justice on Thursday sued Barclays for fraud in the sale of mortgage securities in the run-up to the financial crisis....(read more)

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Trump team promises transparency regarding Icahn's advisory role

WASHINGTON (Reuters) - U.S. President-elect Donald Trump's transition team on Thursday pledged proper oversights and transparency regarding billionaire and activist investor Carl Icahn's special advisory role on regulatory issues....(read more)

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New Trump advisor Icahn says he's not against all regulation

Donald Trump on Wednesday named billionaire investor Carl Icahn as a regulatory advisor....(read more)

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California pending home sales contract in November, C.A.R. reports

LOS ANGELES, Dec. 22, 2016 /PRNewswire-USNewswire/ -- Pending home sales dropped from both the previous month and last year in November, indicating that the robust sales registered in November will likely not be repeated in the months ahead, the CALIFORNIA ASSOCIATION OF REALTORS®......(read more)

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Housing's big question — what will happen when buyers think 4% rates are ‘crazy'

From first-time buyers and entry-level homes to Washington regulation, here are some big questions for the housing market in 2017....(read more)

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US consumer spending slows in November on weak incomes

The Commerce Department said consumer spending rose 0.2 percent after an upwardly revised 0.4 percent increase in October....(read more)

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Mortgage Rates At Two Year High

Mortgage Rates At Two Year High...(read more)

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US third-quarter economic growth raised to 3.5 percent, best performance in two years

The U.S. economy grew faster than initially thought in the third quarter, notching its best performance in two years....(read more)

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US core capital goods orders jump in November

New orders for U.S.-made capital goods rose more than expected in November amid strong demand for machinery and primary metals....(read more)

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US jobless claims rise to six-month high last week

The number of Americans filing for benefits rose sharply, but remained below a level that is associated with labor market strength....(read more)

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The Fed: Trump may pick Yellen's successor before her term is up

President-elect Donald Trump may not wait for Janet Yellen to leave the central bank before putting the next Fed chairman on the board....(read more)

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Black Knight Financial Services' First Look at November 2016 Mortgage Data

Black Knight Financial Services' First Look at November 2016 Mortgage Data<br/>http://ift.tt/2hgsN4T...(read more)

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Top Benefits of Buying a Home

The benefits of buying a home versus renting might not be obvious. To help you out, we gathered these top perks....(read more)

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America's Hottest Markets for Real Estate in December 2016

We took an early peek at realtor.com stats for December and found that demand for real estate showed no signs of slowing down for the holidays. The post America’s Hottest Markets for Real Estate in December 2016 appeared first on Real Estate News & Advice | realtor.com® ....(read more)

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Freddie Mac Issues Monthly Volume Summary for November 2016

Freddie Mac Issues Monthly Volume Summary for November 2016...(read more)

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Mnuchin Faces More Heat From Democrats on OneWest Foreclosures

Bloomberg Mnuchin Faces More Heat From Democrats on OneWest Foreclosures Bloomberg Treasury Secretary nominee Steven Mnuchin is facing growing pressure from Senate Democrats to account for his leadership of a bank accused of shoddy foreclosure practices. Senator Sherrod Brown of Ohio, the top Democrat on the banking committee, ... and more »...(read more)

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