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Coming Up:
Housing Starts Plunged 8% In June
Decline a surprise following report of growth in builder confidence.
Go Mortgage Sues Former Exec For ‘Corporate Sabotage’
Claims ex-director of capital markets cost company millions in financial losses.
Mortgage Applications Rise For 4th Straight Week
A decline in mortgage rates mostly boosted refinance applications.
Involuntary Bankruptcy Petition Halts Sprout Settlement
Creditors seek $1.35M from Sprout by filing Chapter 7 petition in New York court.
Despite Recession Fears, Forbearance Rates Drop In June
A resilient labor market drove forbearance rates lower, the MBA says.
Jul 18, 2023
Homebuilder Confidence In July Highest Since June 2022
NAHB/Wells Fargo index increases for 7th straight month.
Redfin: Just 1% Of Homes Have Sold This Year
Quick increase in mortgage rates has kept buyers and sellers on the sidelines.
Bank of America Earnings Rise 19% YOY
Joins other large U.S. banks in beating analyst expectations.
Ex-Countrywide CEO Angelo Mozilo Dies At 84
Leaves a mixed legacy of being an industry leader only to become the face of the 2008 subprime crisis.