Monthly Archives: April 2020

USAA to Return an Additional $280 Million to Members, Totaling $800 Million in Dividends

2020-05-01T10:33:12-04:00

Data shows continuation of reduced driving during COVID-19, prompting additional relief

USAA, the country’s fifth largest property-casualty insurer, is returning an additional $280 million dividend to auto insurance policyholders based on fewer drivers on the road

USAA to Return an Additional $280 Million to Members, Totaling $800 Million in Dividends2020-05-01T10:33:12-04:00

Why Building Green Is Worth the Investment

2020-05-01T10:24:25-04:00

The 2020 Green Single Family and Multifamily Homes SmartMarket Brief, released before the onset of the COVID-19 crisis, found that most single-family builders (86%), single-family remodelers (72%) and multifamily builders/remodelers (74%) agree that building green costs more than building

Why Building Green Is Worth the Investment2020-05-01T10:24:25-04:00

Caught by Surprise: Half of Americans’ Financial Security is Worse Since Pandemic Began

2020-04-29T11:38:09-04:00

New COUNTRY Financial Survey Finds Many Americans Prioritizing Day-to-Day Survival Over Long-Term Financial Goals

As the COVID-19 pandemic spreads across the United States, shuttering businesses and driving millions to file for unemployment,

Caught by Surprise: Half of Americans’ Financial Security is Worse Since Pandemic Began2020-04-29T11:38:09-04:00

NAR Calls Housing Market Slump Temporary as Pending Home Sales Fall in March

2020-04-29T11:07:36-04:00

Pending home sales fell in March, seeing expected declines as a result of the coronavirus outbreak, according to the National Association of Realtors®. Each of the four major regions saw drops in month-over-month contract activity and year-over-year pending home sales

NAR Calls Housing Market Slump Temporary as Pending Home Sales Fall in March2020-04-29T11:07:36-04:00

Flagstar Bancorp Reports First Quarter 2020 Net Income of $46 Million, or $0.80 Per Diluted Share

2020-04-29T11:36:45-04:00

Key Highlights – First Quarter 2020

  • Transitioned smoothly to remote operations to protect the health of employees and ensure business continuity
  • Achieved mortgage revenues of $96 million, driven by strong refinance volume and higher return on MSRs
  • Effectively managed NIM
Flagstar Bancorp Reports First Quarter 2020 Net Income of $46 Million, or $0.80 Per Diluted Share2020-04-29T11:36:45-04:00

S&P CoreLogic Case-Shiller Index Shows Annual Home Price Gains Increased To 4.2% In February

2020-04-29T11:36:54-04:00

S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for February 2020 show that home prices continue to increase at a modest rate across the

S&P CoreLogic Case-Shiller Index Shows Annual Home Price Gains Increased To 4.2% In February2020-04-29T11:36:54-04:00

House Prices May Have Reached Tipping Point, According to First American Real House Price Index

2020-04-27T13:57:46-04:00

The housing market may be down, but it may be better positioned than many believe, says Chief Economist Mark Fleming

First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate

House Prices May Have Reached Tipping Point, According to First American Real House Price Index2020-04-27T13:57:46-04:00

“No Lump Sum Required at the End of Forbearance” says FHFA’s Calabria

2020-04-27T12:04:32-04:00

Washington, D.C. – To combat ongoing misinformation, the Federal Housing Finance Agency (FHFA) reiterated that borrowers in forbearance with a Fannie Mae or Freddie Mac (the Enterprises)-backed mortgage are not required to repay the missed payments

“No Lump Sum Required at the End of Forbearance” says FHFA’s Calabria2020-04-27T12:04:32-04:00

MIG Market Watch, week of April 27th, 2020

2020-04-27T12:04:32-04:00

MARKET COMMENT
Mortgage bond prices finished the week mixed with conventional prices near unchanged and government prices lower. This kept rates neutral to slightly higher. Rates started the week higher Monday morning as the Fed announced reductions in their billion-dollar MBS

MIG Market Watch, week of April 27th, 20202020-04-27T12:04:32-04:00