Standard & Poor's has announced that it is joining forces with MacroMarkets and Fiserv to publish the S&P/Case-Shiller Metro Area Home Price Indices.The indices, scheduled to launch in the second quarter, will include 10 individual metropolitan area indices and a weighted composite index of home prices, S&P said. The Chicago Mercantile Exchange will list futures and options contracts on the indices. The foundation of the new, tradable indices are the Fiserv Case-Shiller Indexes produced commercially by Case Shiller Weiss Inc. since 1991. (Fiserv bought CSW in 2002 to form Fiserv CSW.) "For the vast majority of Americans, their home is their largest and most valuable asset, and in a period of rising housing prices and increased concerns about a possible housing bubble, reliable information on their biggest asset is extremely important," said David Blitzer, managing director and chairman of S&P's Index Committee. The companies can be found online at http://www.standardandpoors.com, http://www.macromarkets.com, http://www.fiserv.com, and http://www.cme.com.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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