Posts Tagged ‘Department of Housing and Urban Development’

Mortgage Rates Drop Again For Third Week in a Row

January 19th, 2017

Today’s News Synopsis: Production on multifamily houses across the nation increased 11.3% in December to 1.23 million.  Optimism for home remodeling continued to remain strong in the fourth quarter, coming in at 53.  Freddie Mac reported mortgage rates dropped again for the third week in a row with 30-year rates

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Housing Starts Decrease 18.7% With the Decrease in Multifamily Properties

December 16th, 2016

Sources: CoreLogic Reports 30,000 Completed Foreclosures in October 2016 November New Home Purchase Mortgage Applications Increase 12 Percent Year over Year Fannie Mae Announces Eviction Moratorium for the Holidays Freddie Mac Announces Holiday Eviction Moratorium Dec. 19, 2016 to Jan. 3, 2017 Mortgage Rates Move Higher Homebuilder sentiment spikes 7 points, Trump has them feeling fantastic Bargain

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New Home Sales Decreased 1.9% to 536,000 in October

November 23rd, 2016

Sources: Cash Sales Accounted for 31 Percent of All Home Sales in August Existing home sales hit nearly 10-year high Blue state buyers swing to red state rentals Modest Economic Growth Expected Despite Legislative and Regulatory Uncertainty CFPB asks full court to rehear constitutionality case Will Donald Trump Be Good for Home Prices? Today’s News Synopsis: Aaron

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3.4 Million Single Family Investment Homes Owned By Out of State Investors

November 21st, 2016

Today’s News Synopsis: 3.4 million single-family investment homes in the U.S. are owned by investors outside of their home state, and a lot of them are homes in red states being owned by investors from blue states.  Fannie Mae released their latest 2016 Economic and Housing Outlook, showing they expect

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GSEs Release Newly Revised Uniform Residential Loan Application

August 23rd, 2016

Today’s News Synopsis: HUD and the Census Bureau reported a 12.4% increase in new home sales, putting the at their highest in 9 years.  A new bill called the Homeowner Survivor Bill of Rights was just approved by the California Assembly that would protect widows and widowers from being foreclosed

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Interest Rates May Need to Increase at Least Once This Year

August 16th, 2016

Today’s News Synopsis: People affected by flooding in the Lousiana area have the option of receiving mortgage assistance, as Fannie Mae has reminded them.  The latest data from both HUD and the Commerce Department showed a 2.1% increase in housing starts, in part to an increase in multifamily housing.  Interest

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Discussion On Fed Interest Rate Hike Expected to Heat Up

July 26th, 2016

Today’s News Synopsis: The Census Bureau and HUD announced an increase in new home sales by 3.5% month-over-month and 25.4% year-over-year, putting them at an 8-year high.  Home prices increased 5% in May across the nation according to the S & P CoreLogic Case-Shiller Indeces.  Discussion on the increase in

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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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Mortgage Debt Increases by $120 Billion in the Fourth Quarter

May 24th, 2016

Today’s News Synopsis: Mortgage debt increased by $120 billion in the fourth quarter to its highest in 4 years according to the Federal Reserve Bank of New York.  HUD and the U.S. Census Bureau reported new home sales increased 16.6% month-over-month, their highest since after the recession.  The survivor bill

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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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