Posts Tagged ‘Census Bureau’

Ocwen Financial Required to Pay $30 Million in Fraud Lawsuit

June 23rd, 2016

Today’s News Synopsis: The National Association of Realtors reported existing home sales increased 1.8% last month to their highest since 2007.  Meanwhile, sales of new homes decreased 6% last month to 551,000.  Ocwen Financial has been required to pay $30 million in a settlement regarding fraud. In The News: Mortgage Professional America –

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New Data By Black Knight Shows Ten States With Greatest Home Price Increases

April 25th, 2016

Today’s News Synopsis: New data from HUD and the Census Bureau shows new home sales for single-family homes decreased by 1.5%.  Black Knight Financial reported mortgage delinquency rates are at their lowest in 16 years at 1.95%.  Black Knight also released their list of the top ten states showing the

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Census Bureau Releases Latest Results of Cities That Grew the Most in 2015

March 24th, 2016

Sources: New scam robbing home buyers of closing funds Fannie Mae and Freddie Mac: If You Can’t Kill Them, Merge Them? A More Promising Road to GSE Reform Actor Jeremy Renner’s Secret Passion: House Flipping Today’s News Synopsis:   Aaron Norris gives the news of the week in the world of real estate in this week’s

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Mortgage Delinquencies Make Comeback According to Black Knight Financial

March 23rd, 2016

Today’s News Synopsis:   The sale of new homes increased by 2% last month according to HUD and the U.S. Census Bureau.  The Mortgage Bankers Association reported a 3.3% decrease in mortgage applications from last week.  Black Knight’s “First Look” mortgage data report showed delinquencies made a comeback last month.   In The

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U.S. Census Bureau Releases Data On States With Highest Taxes on Properties

March 14th, 2016

Today’s News Synopsis:   Unlike the millennial generation, more baby boomers are choosing to own a home as opposed to renting.  Mortgage debt on commercial and multifamily properties showed strong increase in 2015, increasing to $2.83 trillion in the fourth quarter.  The U.S. Census Bureau recently released their list of states

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HUD and Census Bureau Report 9.2% Decrease in New Home Sales

February 24th, 2016

Today’s News Synopsis:   Sales of new homes decreased 9.2% according to HUD and the Census Bureau.  Mortgage applications also decreased by 4.3% according to the MBA.  More and more markets in the US are receiving investors, 75% of metropolitan luxury areas in New York alone was from this group.   In The

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Real Estate Agents Putting More Time Into Helping Disabled Find Right Home

January 27th, 2016

Today’s News Synopsis:   The NAHB reported a 14.5% increase in new home sales, its highest in eight years.  At the same time, the MBA reported mortgage applications also increased 8.8% with the drop in mortgage rates.  Real estate agents are putting more time and effort into helping those with disabilities

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Foreclosure Starts at Lowest Month-Over-Month in Ten Years

December 23rd, 2015

Sources: Sales of Existing U.S. Homes Slump on Delayed Contract Closings Home prices set new record – FHFA CoreLogic: Cash sales share continues trend back towards ‘normal’ US eases 35-year-old real estate tax on foreign investors Five Star CEO Delgado Applauds Passage of Omnibus Appropriations Bill This Startup Wants a Stake in Your Home, Poor Credit

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TRID hasn’t caused any major market meltdowns just yet

November 25th, 2015

Sources: Sales of Existing U.S. Homes Fall From Second-Highest Since 2007 Share of SFR Built-for-Rent Homes Remains Low TRID hasn’t caused any major lending delays…so far Home Prices in 20 U.S. Cities Increase 5.5 Percent in Year to September GDP Growth Rate Expands in Second Q3 Estimate as U.S. Awaits Fed Liftoff New Study Suggests Strong

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HUD Announces Plans for Smoke-Free Homes

November 12th, 2015

Today’s News Synopsis:   Mortgage rates increased, putting thirty-year rates at their highest since July at 3.98%, while 15-year rates were at 3.20%.  Foreclosure starts saw their highest increase in four years, up 6% from the previous month.  HUD announced plans to get rid of all tobacco-based products in homes, thus

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