Pending Home Sales Paint Problematic Housing Picture

To mitigate losses suffered by homeowners victimized by deceptive practices during the mortgage and foreclosure crisis, the Attorney general obtained broad-ranging settlements from three major banks in 2013 and 2014. The settlements were with Bank of America, Citibank and JPMorgan Chase & Co. and related to their packaging, marketing, sale, and issuance of residential mortgage backed securities.

Looking past the usual National Association of Realtors’ spin, pending home sales actually fell during June, relative to year-ago levels; the group’s widely-watched home sales index fell to 89.0.

Two Harbors launching this year’s first jumbo RMBS Soon after the launch. Two Harbors operates as a hybrid mortgage REIT in the U.S. financial sector with around 84% of the investment portfolio invested in Agency residential mortgage backed.

Home sales rose 5.5 percent from September. In Massachusetts, a similar picture is emerging. From September to October this year, the average price rose 0.7 percent. "Pending sales are very good.. A condominium is a private residence within a group of housing. you can paint the walls inside your condo unit, the exterior is another story.