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Home Price Growth Continues to Ease

The S&P/Case-Shiller National Price Index gained 6.2 percent annually in June, according to a report released Tuesday from S&P Dow Jones Indices. That figure was down from a yearly increase of 7.1 percent in May. The narrower 10- and 20-city composite indices each gained 8.1 percent compared to May's improvements of 9.4 percent and 9.3 percent, respectively.

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Title Insurance Profits Drop on Weak Refi Volume

As the rest of the housing market struggled in the year's first half, so too did the title insurance industry, Fitch Ratings reported in a new analysis. Isolating business at the nation's four largest title insurers, analysts at Fitch calculated a combined 12 percent decline in operating revenues through the first six months of 2014 compared to the same period last year.

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Goldman Sachs, FHFA Settle in RMBS Suit

Goldman Sachs has agreed to pay $3.15 billion to settle a lawsuit filed by the Federal Housing Finance Agency (FHFA) over faulty RMBS. Under the terms of the settlement, Goldman Sachs will pay $2.15 billion to Freddie Mac and about $1 billion to Fannie Mae to buy back the alleged faulty RMBS the two GSEs purchased between 2005 and 2007. FHFA estimates the worth of the settlement to be about $1.2 billion due to the bonds' current value.

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Mortgage Risk Index Down in July

Loan risk in the mortgage market slid down again in July but remained far above safe levels, according to the latest measure from the American Enterprise Institute (AEI). The group reported that 11.41 percent of home purchase loans measured in its National Mortgage Risk Index (NMRI) would be at serious risk under "severely stressed" economic conditions.

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Home Prices Gain 5.5% in June Index

Black Knight Financial Services reported Monday a 5.5 percent annual increase in its Home Price Index (HPI) for June, bringing the index to a value of $241,000 based on transactions throughout the month. June's improvement compares to increases of 5.9 percent, 6.4 percent, and 7.0 percent recorded in May, April, and March, respectively.

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New Home Sales Fall 2.4% in July

In a release on Monday, the Commerce Department estimated new home sales last month were at a seasonally adjusted annual pace of 412,000, a decline of 2.4 percent month-over-month. June sales received a slight upward revision to a rate of 422,000, while May sales were also bumped up in a second revision to 454,000—still far below the 504,000 originally reported by the government.

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