Posts Tagged ‘CoreLogic’

CoreLogic Reports Drop in Distressed Home Sales

May 9th, 2016

Today’s News Synopsis:   Interest rates for Fannie Mae and Freddie Mac mortgage modifications are expected to be lowered again to 3.624%, their lowest on record.  CoreLogic reported a drop in distressed home sales by 0.4% month-over-month and 2.9% year-over-year in February.  In an interesting story, the housing market is beginning

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Bank of America Settles With FHL Bank of Des Moines Over Mortgage Complaints

May 4th, 2016

Today’s News Synopsis:   Home prices are showing a steady upward trend and have almost halfway recovered.  A lawsuit between Bank of America and FHL Bank of Des Moines regarding mortgage complaints has been settled.  The latest survey from the Mortgage Bankers Association shows a 3.4% decrease in mortgage applications and

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Home Price Gains Show Slowdown at Only 0.4% Increase

April 22nd, 2016

Sources: Housing Starts Down 8.8 Percent in March Morning Briefing: Building confidence remains strong Existing home sales rebound 5.1% in March Mortgage Applications Increase in Latest MBA Weekly Survey Freddie Mac: Mortgage rates still lowest in recent memory [Chart] Remodeling Market Index Dips in First Quarter of 2016 Ten Real Estate Investment Hot Spots Bill would bar using

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New Homes This Year to Include More Energy-Saving Features

April 6th, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 2.7% increase in mortgage refinance applications from last week.  In celebration of New Homes Month, the building industry will be sharing new features seen on new homes, particularly energy-saving attributes.  CoreLogic reported home prices increased 6.8% year-over-year and 1.1% month-over-month.   In The

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1 Million Homeowners Regained Equity in 2015 According to CoreLogic

March 11th, 2016

Sources: U.S. Commercial Property Prices Drop for First Time in Six Years Morning Briefing: Consumers lose confidence in home prices Purchase Apps Up, Refinance Apps Down in Latest MBA Weekly Survey Morning Briefing: Foreclosures dropped sharply in January CoreLogic: 1 million borrowers regained equity last year Mortgage rates well below end-of-2015 level for spring home-buying season Applications

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H.R. 3700 Passes in the House

February 9th, 2016

Today’s News Synopsis:   H.R. 3700, also known as the Housing Opportunity Through Modernization Act of 2015, was just passed by the House and if passed by the Senate will allow people an easier process for financing.  CoreLogic reported foreclosures decreased and were at their lowest level in 8 years.  Consumer

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New Repurchasing Rules Finalized By the GSEs

February 2nd, 2016

Today’s News Synopsis:   In a big news story, the GSEs have completed the final new rules for loan purchasing that will require a third party to review them.  CoreLogic reported home prices increased 6.3% year-over-year in December.  New York City is the popular place for foreign investors.   In The News: DS New –

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Moody’s Report Shows Rent-To-Own Becoming the New Way of Owning

January 14th, 2016

  Today’s News Synopsis: Freddie Mac reported mortgage rates continue to remain below 4% with 30-year rates now at 3.92% and 15-year rates at 3.19%.  Despite growth in the market remaining consistent overall, it is expected that fewer and fewer people will be able to afford a home.  Moody’s latest report

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Existing-Home Sales Expected to Rise After CFPB Puts TRID Into Action

January 5th, 2016

  Today’s News Synopsis:   CoreLogic reported a 6.3% increase in home prices last November.  Existing-home sales are expected to continue to show signs of increase following the CFPB putting the  TILA-RESPA Integrated Disclosure rule into action.  Mortgage rates are expected to increase again following a history of relatively cheap rates.   In The

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Cash Sales On Homes Declining to Levels Seen Before Crisis

December 21st, 2015

Today’s News Synopsis: Cash sales on homes are actually declining to levels seen before the housing crisis.  More and more are able to afford homes now with activity decreasing with the season.  The first pool of non-performing loans by Freddie Mac was just sold off to Community Loan Fund of

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