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Moody's changes PulteGroup outlook due to construction slowdown
by The Library of CongressMoody's Investors Service revised the ratings outlook for PulteGroup Inc. (PHM: 7.78 -4.54%) from positive to stable this week over concerns the homebuilder's operating performance and the industry's return to a more stable...
Building Permits Rise In All 4 Regions
According to the Census Bureau, seasonally-adjusted, single-family Housing Starts rebounded in March, increasing 8 percent over February’s 2-year low. We can’t put too much faith in the data, however, because for the second straight month, the government...
Fitch downgrades 12 classes of Wachovia CMBS
by The Library of CongressFitch Ratings downgraded twelve classes of commercial mortgage pass-through certificates held in the Wachovia Bank Commercial Mortgage Trust – Series 2007-C30 due to the possibility of higher loss expectations on underlying commercial...
As Buyer Traffic Grows, Homebuilder Confidence Slips
Homebuilder confidence is falling — a good sign for buyers of newly-built homes. According to the National Association of Homebuilders, the Housing Market Index slipped one point to 16 in April. It’s the 5th time in 6 months that the index read 16 —...
Texas House passes bill requiring more disclosures from mortgage servicers
by ANDY LEDDYThe Texas House of Representatives passed a bill that sets up new disclosure requirements for mortgage servicing companies operating in the state of Texas. House Bill 213 requires mortgage servicers to maintain written or electronic records of each...
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