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Index Reveals Strong Over-55 Housing Market

Despite the HMI’s positive overall outlook, however, the index for single-family housing sales actually dropped by one point over the last quarter, decreasing from 59 to 58. According to the Emrath, this was likely due to a drop in buyer traffic, caused by rough winter weather throughout many parts of the country.

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Preliminary Report Shows Q1 Net Income of $34 Million For Ocwen

The company's Q1 2015 preliminary revenue of $510.4 million represents a 7 percent year-over-year decline, and preliminary income from operations dropped from $202.1 million in Q1 2014 down to $132.1 million in Q1 2015. Meanwhile, preliminary cash flow from operating activities for Q1 totaled $323 million, a year-over-year increase of 65 percent.

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Pending Home Sales Up Over Last Month, Reach Highest Point in Two Years

The index, an indicator of sales based on contract signings, was released this morning. It showed a 1.1 percent increase in pending sales for March and an 11.1 percent increase over the same time last year. This marks the third month in a row the sales have risen and the seventh year that pending sales numbers have improved.

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Report: Oil-Rich States Could See Housing Price Drop

The national average risk score for home price declines in most markets, according to the index, is holding at a steady 8 percent (since February) DeFranco said. However, North Dakota, Oklahoma, and Texas, the report found, each are at a 33 percent risk of seeing home prices drop.

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Analyst: Gains the Housing Market Has Made Are ‘Good Enough’

Blackstone is the largest single private owner of residential homes in the U.S. with approximately 47,000 homes and about $90 billion in real estate assets. Schwarzman said his company is putting money into the housing market, although not as much as it was during the height of the financial crisis.

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Flagstar Reports Jump in Profits for Q1

The first quarter of 2015 also brought in a 15 percent increase in revenue and a 2 percent decline in operating expenses when compared to 2014, and interest-earning assets rose 8 percent over the last quarter. Warehouse lending also saw an increase of 15 percent since 2014.

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Survey Reveals Buyer Optimism, Concerns, and Motivating Factors

According to the survey, three of every 10 potential homebuyers intend to purchase a home in the next 18 months, and 62 percent think now is a better time to purchase than last year. In fact, 32 percent attribute their intent to buy to current low mortgage rates. Another 35 percent said if 30-year fixed mortgage rates were to rise above 4 percent, it would delay their purchase.

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BB&T Earnings Drop in Q1

But while earnings dropped, mortgage-banking income and actual revenues for BB&T both increased. Since Q1 last year, mortgage-banking income rose by 48.6 percent, and total revenues for the company jumped by 1.5 percent, or $34 million, coming in at $2.3 billion total.

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