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Housing reporter, The Wall Street Journal
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RT @loansbrad: Home Depot Raises Outlook. The canary in the coal mine is singing. Home building and home improvements rise. http://t.co/IhB…
Home Depot Earnings: Recovering Housing Market Boosts Profit
online.wsj.com — Home Depot raised its full-year outlook and said net profit jumped 18% amid what CEO Frank Blake called a recovering housing market.
RT @RWhelanWSJ: Toll Bros orders rose 36% to highest level in 7 yrs. Profit jumps 46% as the builder sells more hones at higher prices. $TO…
The avg 30 year fixed rate loan increased to 3.78% last week from 3.67% a week earlier, per @MBAMortgage. Apps down 10%.
The number of mortgages in foreclosure was 25% below year-earlier level in April, the largest YoY drop so far, per @LPSAnalytics
Lawmakers grumble to regulators about mortgage regulation that they required regulators to write on.wsj.com/12TSIxN
Lawmakers Want More Flexibility on Mortgage Rules
blogs.wsj.com — Lawmakers are pushing a federal regulator to tweak a new mortgage rule to ensure community banks can keep making loans. In a House hearing on Tuesday, officials at the Consumer Financial Protection Bureau got an earful of complaints from lawmakers of both parties.
Waypoint becomes fifth single-family home-rental company to file plans for an IPO on.wsj.com/ZbBOxs
Waypoint Files for Latest Foreclosure-to-Rental IPO
blogs.wsj.com — The race is on in to raise money on public capital markets for the latest big thing in real estate: renting out single-family homes. Waypoint Homes Realty Trust Inc., a new company formed under the aegis of Oakland, Calif.-based Waypoint Real Estate Group LLC, announced Tuesday that it plans to raise up to $100 million in an IPO on the Nasdaq, under the ticker "WAY."
RT @Shnaps: @AJakabovics short sales have lesser loss severity than REO then, now, and forever.
@AJakabovics REOs still incur carrying costs, marketing costs, etc. It may be more profitable to the Texas based REO vendors, of course.
@AJakabovics The bigger question: why are so many 180 day+ dqs, esp in markets where buyers are fighting over scarce listings
@AJakabovics Contra short sales, I would bet the principal reduction mods will taper off now.
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