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New Homes Beat Existing Homes; Price a Major Factor

In a survey of more than 2,000 adults, Trulia found an estimated 41 percent “would strongly or somewhat prefer” to buy a new single-family home over an existing one, assuming the prices were equal. Just more than one in five respondents—21 percent—said they would prefer an existing home, while 38 percent expressed no preference.

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HUD Settles Denver-Area Discrimination Complaint

The U.S. Department of Housing and Urban Development (HUD) announced it has reached an agreement with the owners/managers of a Denver-area apartment complex, resolving complaints of discrimination. The apartment complex, The Orchards at Cherry Creek Apartments in Centennial, was charged with discrimination after refusing to allow children to play outside.

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Home Prices Jump 1.4% in March

Despite a lackluster Spring that went against analyst's projections, CoreLogic's Home Price Index reported that home prices, including distressed and non-distressed sales, still rose from February to March by 1.4 percent. Without distressed sales, the HPI still reflected positive gains for the month, up 0.9 percent month-over-month.

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Clear Capital: Best Home Deals in ‘Mid-Tier’

Clear Capital recently released its Home Data Index Market Report, which found the best deals in the housing market now reside in the middle-tier of available homes. The group found that following more than two years of recovery, low-tier homes are no longer the best value for homebuyers.

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Have Lower Lending Standards Pushed Credit Scores Down?

After years of too-loose and then too-tight credit access, average FICO scores are now slowly floating down, and the market looks a little more open for low-score borrowers. But do these steady declines really indicate a loosening in standards among lenders? “Afraid not,” say researchers at the Urban Institute’s (UI) Housing Finance Policy Center.

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Personal Income Strong in March

According to a new report by the Wells Fargo Economics Group, personal income was strong in March, jumping .5 percent. February's growth received an upward revision to .4 percent. Personal consumption expenditures surpassed all expectations, posting a .9 percent increase.

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Fannie Mae’s Book of Business Declines in Q1

Fannie Mae's book of business declined for the first three months of this year, ending the first quarter with a monthly compound annualized rate of -1.8 percent. Over the first quarter, the GSE's book of business declined at a compound annualized rate of 2.2 percent.

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Former Bank of America CFO Barred for 18 Months

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced that a $7.5 million settlement has been reached with Bank of America’s former CFO, Joe Price, regarding the bank's actions as it sought to merge with Merrill Lynch & Co. in 2008.

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Auction.com Welcomes New CFO

Auction.com announced Monday that it had hired a new chief financial officer. Tim Morse, a former CFO at Yahoo!, has been named as the company’s CFO and executive vice president.

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Black Knight: 1 in 10 Borrowers Underwater

In Black Knight Financial Services’ latest Mortgage Monitor Report, the company found that only one in ten Americans are underwater, down from one in three in 2010. Overall, the company's look at March data reflected a shifting landscape.

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