Posts Tagged ‘Weekly Mortgage Applications Survey’

MBA Reported Increase in Delinquencies on Mortgages in Fourth Quarter

February 15th, 2017

Today’s News Synopsis: The Mortgage Bankers Association reported a 3.7% decrease in mortgage applications from last week.  They also reported an increase in delinquencies in the fourth quarter, putting them now at 4.8%.  NAHB reported builder confidence decreased slightly to 65 but continues to remain stable. In The News: Mortgage Bankers Association –

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Fannie Mae Plans to Release Financial Results For 2016 and Fourth Quarter on Friday

February 8th, 2017

Today’s News Synopsis: The Mortgage Bankers Association reported a 2.3% increase in mortgage applications from last week.  HomeUnion released a list of the top cities where landlords could expect to see the best returns on rentals.  Fannie Mae plans to release the financial results for 2016 and for the fourth

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AppFolio Releases AppFolio Releases List of Markets Where Renting is the Most and Least Affordable

February 1st, 2017

Today’s News Synopsis: Homeownership and vacancy rates across the nation totaled 1.8% and 6.9% in the fourth quarter according to the latest Census Bureau report.  AppFolio just released their list of markets where renting is the most and least affordable.  Redfin and Sun Number also released their list of top

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House Flipping Increasing Across the United States

January 25th, 2017

Today’s News Synopsis: House flipping is showing signs of increase in the United States, specifically in areas like Las Vegas, Detroit, and Chicago.  CoreLogic’s latest report showed distressed sales are at levels seen back in 2007, standing at 7.7%, while cash sales stand at 31.8% in October.  Redfin reported a

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Ruling Made By Ninth Circuit Court in Favor of Fannie Mae has been Overruled

January 18th, 2017

Today’s News Synopsis: The NAHB reported builder confidence continues to hold steady, having only decreased 2 points to 67.  The Mortgage Bankers Association reported a 0.8% increase in mortgage applications from last week.  A ruling made by the Ninth Circuit Court allowing Fannie Mae to bring state lawsuits directly to

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Freddie Mac’s Latest Report Shows Which Cities’ Housing Markets Rank Highest

January 4th, 2017

Today’s News Synopsis: The Mortgage Bankers Association reported a 12% decrease in mortgage applications after two weeks.  Freddie Mac released their latest Multi-Indicator Market Index report, showing which cities’ housing markets ranked the highest.  The Federal Reserve sees a more positive outcome to rasing rates as opposed to risks. In The

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Existing-Home Sales Increased Last Month for Third Month in a Row

December 21st, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 2.5% increase in mortgage applications from last week.  Existing-home sales also increased last month for the third month in a row by 0.7% to 5.61 million.  Of all home sales that occurred in September, 31.7% of them were cash sales. In The

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Both Fannie Mae and Freddie Mac Released Their New Flex Modification Foreclosure Prevention Programs

December 14th, 2016

Today’s News Synopsis: Both Fannie Mae and Freddie Mac released their new Flex Modification Foreclosure Prevention Programs, which will reduce the monthly payments they make on their mortgages.  In their last meeting of the year, the Federal Open Market Committee voted to raise interest rates to between 0.50 and 0.75%.

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Risky Mortgage-Backed Securities Given a AAA Rating Once Again

December 7th, 2016

Today’s News Synopsis: Net gains on loans originated by independent mortgage banks increased in the third quarter while profits continued to remain relatively stable.  HELOCs are starting to become more expensive and may continue to do so with the rise in interest rates.  Risky mortgage-backed securities have now been given

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Federal Reserve Reported Continued Economic Expansion in Most of the Country

November 30th, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 9.4% decrease in mortgage applications from last week.  The National Association of Realtors reported pending home sales increased by just 0.1%, showing people were more careful to buy before the election.  The Federal Reserve reported continued economic expansion in most of

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