U.S. Monthly House Price Index Estimates 0.9 Percent Price Increase from April to May - FHFA Press Release

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1.  Donald Marron -  Step One of a Housing Bottom -

2.  House Prices by Price Tier - by Donald Marron - The St. Louis Fed has a nice one-pager that illustrates how the housing boom differed across homes in different price tiers. 

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1.  Security One Lending Increases Reverse Mortgage Warehousing Capacity - Reverse Mortgage Daily

2.  Reverse Mortgages: WSJ: Economy Forces Baby Boomers to Leave Less to Heirs - Interesting article from the Wall Street Journal about how many baby boomers are re-evaluating their retirement plans and find that they’re forced to leave less or god forbid nothing to their heirs.  Being in the reverse mortgage business, we often get pushback from borrowers heirs about how using a reverse mortgage will deplete any money that would be left to them when Mom and Dad pass away - Reverse Mortgage Daily

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Making a Move in Jumbo Mortgages - By Paul Muolo - ... Mr. Lederman, with the blessing of his current employer, is slowly ramping up loan production of jumbo loans ... There's one other catch: if brokers and correspondents want to use Kinecta they have to promise the institution that it will also sell a majority of their Fannie, Freddie and FHA production to them as well. "In return for using us we will want a disproportionate amount of their agency business," he said. ... - National Mortgage News

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PNC to consolidate National City mortgage operations - Pittsburgh Business Times - by Patty Tascarella - PNC Financial Services Group Inc. will consolidate more than 90 National City Corp. mortgage processing operations into two, located in Pittsburgh and Chicago, PNC (NYSE:PNC) Chairman and CEO Jim Rohr said during an earnings call Thursday.

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Senior Mortgage Investors Benefit From U.S. Guidance - By Jody Shenn - The government waded into a fight between different classes of mortgage-bond investors with guidance that benefits owners of the highest-ranking securities at the expense of other debt holders - Bloomberg

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Freddie Mac June portfolio up, delinquencies jump -  Freddie Mac (FRE.P)(FRE.N), the second-largest U.S. home funding company, said on Friday its mortgage investment portfolio grew by an annualized 9.3 percent rate in June, while delinquencies on loans it guarantees accelerated. ... Delinquencies, which increase stress on the company's capital, jumped to 2.78 percent of its book of business in June from 2.62 percent in May and 0.93 percent in June 2008. ... - Reuters