Homebuilders hammered by short sellers

Written on September 20, 2016 at 6:37 pm

Homebuilders have been singled out by short sellers in the week of their earnings announcements, according to IHS Markit. US retail construction firms KB Home and Lennar topped IHS Markit’s list of highly-shorted firms with 21.8 percent and 5.7 percent of shares out on loan, respectively. Source: Real Estate Investment Times. Read more. Read More...

This Is the Salary You Need to Buy a Home in U.S. Cities

Written on September 20, 2016 at 6:34 pm

In the market for a new home? Whether you’re dreaming of owning your own property one day or are actively searching for new digs, the ability to plan your finances is essential—and can seem like a minefield. Mortgage website HSH has tallied all the confusing financial data to find out the exact salary you need to earn to  Read More Read More...

Home Price Rise May Eventually Push Some Buyers Out of the Market

Written on May 3, 2016 at 8:52 am

“How is it that even with record low mortgage rates, some potential home buyers may be priced out of the market? Blame a shortage of housing inventory, which has resulted in a steady rise in home prices.”  . . . More via The Street’s Rhonda Schaffler. Watch the 4/26/16 video. Read More...

Existing Home Sales Expected to Rebound and Could Be Stronger

Written on April 21, 2016 at 9:58 am

04/19/16 – 04:40 PM EDT. By Rhonda Schaffler, TheStreet.com. Even though Wednesday’s release of the existing homes sales data for March should show an uptick over February’s dismal results, the housing market is under-performing, says Mark Fleming, chief economist at First American Financial  (FAF –Get Report)  Watch the interview via TheStreet.com. Read More...

Thousands of ‘Underwater’ Borrowers to Get Relief

Written on April 15, 2016 at 1:48 pm

WASHINGTON — [April 14, 2016]  The Federal Housing Finance Agency said on Thursday that it would move to reduce the loan balances for thousands of borrowers who owe more than their homes are worth.  New York Times article.  Read more.  Read More...

Mercer County Clerk’s Office Relocating

Written on January 7, 2016 at 6:13 pm

Please note the new address for the Mercer County Clerk, effective January 19th. They are relocating to 240 West State Street, 6th floor Trenton, NJ 08608 (old Capital Plaza Hotel).   Mercer County Clerk moving notice January 2016 Read More...

House Committee Passes Bills to Delay TRID Enforcement, Revise QM

Written on July 30, 2015 at 6:29 pm

JUL 29, 2015 5:57pm ET, WASHINGTON — The House Financial Services Committee approved a bill that would delay the Consumer Financial Protection Bureau’s enforcement of the new TILA-RESPA integrated disclosure rules. It also approved two additional bills addressing the qualified mortgage rule and GSE executive compensation.  Source: National Mortgage News, BY JOHN HELTMAN, read full article here. Read More...

CFPB Finalizes Two-Month Extension of Know Before You Owe Effective Date

Written on July 30, 2015 at 6:24 pm

JUL 21 2015, WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a final rule moving the effective date of the Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures rule, to October 3, 2015.  Full announcement here. Read More...

CFPB moves TRID date to Oct. 1

Written on June 18, 2015 at 10:50 am

“Administrative error” causes delay of Know Before You Owe rule.  Source: American Land Title Association (ALTA) and Housing Wire. Read More...

CFPB Fails to Comply With Congressional Review Act

Written on June 18, 2015 at 10:45 am

Consumer Financial Protection Bureau (CFPB) Misses the Mark on TRID Guidance, notes the American Land Title Association (ALTA) in its June 4th article.  Read more.  Read More...