ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 1.8% in the group’s seasonally adjusted composite index. That followed a drop of 7% for the…
ThinkstockD.R. Horton Inc. (NYSE: DHI) reported fourth-quarter and fiscal year 2013 earnings before markets opened Tuesday morning. The home builder posted quarterly diluted earnings per share (EPS) of $0.40 on revenues of $1.82 billion. In…
ThinkstockThe delinquency rate for mortgage loans at the end of the third quarter of 2013 fell to a seasonally adjusted rate of 6.41%. That is 55 basis points lower than the delinquency rate of…
ThinkstockIt has been a slow and painful process, but the housing market is now in recovery and foreclosures have been dropping. Since the housing bust, regulators have focused on preventing borrowers from entering into…
ThinkstockThe National Association of Realtors released its third-quarter home price study. Almost all the news was good. The primary exception is that the cities hit hardest by the recession, many of which were in…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 7% in the group’s seasonally adjusted composite index following a rise of 6.4% for the previous…
ThinkstockHome prices rose 12% again in September, compared with the same month a year ago, for a 19th consecutive monthly year-over-year gain, according to research firm CoreLogic Inc. (NYSE: CLGX). Home prices rose 0.2%…
ThinkstockThe national housing market is by most measures recovering at a healthy clip. Home prices in some of the hardest-hit markets — places like Reno, Nev., and Phoenix, Ariz. — were up by more…
ThinkstockThe reverse merger announced Monday morning between the homebuilding group associated with Weyerhaeuser Co. (NYSE: WY) and homebuilder TRI Pointe Homes Inc. (NYSE: TPH) is causing some investors to take another look at the…
ThinkstockAfter several months of trying to find a buyer for its home building business, a subsidiary of Weyerhaeuser Co. (NYSE: WY) has signed a definitive agreement to combine with TRI Pointe Homes Inc. (NYSE:…
ThinkstockIn the month of September, 51,000 U.S. home foreclosures were completed. That was down 0.7% from a revised total of about 51,000 in August and down 39% from 84,000 in September 2012, according to…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 6.4% in the group’s seasonally adjusted composite index, following a drop of 0.6% for the previous…
ThinkstockThe S&P/Case-Shiller home price index for August posted another month of solid gains. The 20-city composite rose 12.8% year-over-year, above the consensus estimate for a rise of 12.4% for the month. The 10-city index…
ThinkstockPensions are becoming less and less common in America, and now it looks as though the employee pension systems for Fannie Mae and Freddie Mac will be terminated. The Federal Housing Finance Agency (FHFA)…
ThinkstockPulteGroup Inc. (NYSE: PHM) reported third-quarter 2013 results before markets opened Thursday morning. The home builder posted adjusted diluted earnings per share (EPS) of $0.45 on revenues of $1.58 billion. In the same period…