Posts Tagged ‘Department of Housing and Urban Development’

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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NAHB Reported a Decrease in Both Builder Confidence and Housing Starts

February 17th, 2016

Today’s News Synopsis:   The NAHB reported a decrease in builder confidence this month while also reporting a 3.8% decrease in housing starts for the month of January.  The MBA reported an 8.2% increase in mortgage refinance applications from last week.   Ed Delgado, the president of Five Star Institute, met

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Judge Tosses Lawsuit that DOJ and HUD Faced By Quicken Loans

January 4th, 2016

  Today’s News Synopsis: Zillow reported the value of residential homes in America totaled $28.5 trillion at the end of 2015.  The latest Home Price Index by Black Knight Financial Services showed home prices are continuing to increase, having increased 0.2% last October.  A federal judge just tossed a lawsuit that

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After Long Process, Fed Has Decided to Raise Interest Rates

December 16th, 2015

Today’s News Synopsis:   Breaking News: After a long process, the Fed made the decision today to raise interest rates by 25 basis points.  Housing starts for single-family homes increased 10.5% according to the U.S. Department of Housing and Urban Development and the Commerce Department.  Despite having been passed in October

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House Votes to Revise Qualified Mortgage Definition

November 18th, 2015

Today’s News Synopsis:   The House of Representatives voted today to revise the definition of the a qualified mortgage.  However, this new ruling is already under threat of veto.  Housing starts decreased by 11% with the decrease in multifamily housing.   In The News: DS News – “Slight Increases In Mortgage Default Rates Should Not

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Money from Single-Family Rental Securitizations Now Higher Than $13 Billion

October 21st, 2015

  Today’s News Synopsis: Mortgage applications increased 11.8% from last week, driven by an increase in government applications.  Morningstar Credit Ratings announced the total amount issued from single-family rental securitizations is now higher than $13 billion.  HUD is hoping to provide harassment victims more protection through a new rule proposed today.   In

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Fed Finally Reaches Decision to Not Raise Interest Rates

September 17th, 2015

Today’s News Synopsis:   The Fed has finally reached a decision to not raise interest rates for this month.  The NAHB reported a decrease in housing starts by 3%, putting them now at 1.126 million.  Freddie Mac reported mortgage rates have not shown much change with 30-year rates at 3.91% and

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