Posts Tagged ‘Weekly Mortgage Applications Survey’

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

Read More »

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

Read More »

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

Read More »

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%.

Read More »

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

Read More »

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

Read More »

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

Read More »

San Francisco Put Limit on Airbnb Rentals to 2 Months

November 16th, 2016

Today’s News Synopsis: San Francisco just put a limit to how long rooms can be rented out through Airbnb at 2 months.  The Mortgage Bankers Association reported a 9.2% decrease in mortgage applications from last week.  The NAHB reported homebuilder sentiment at 63, up slightly from last month. In The News: CNet –

Read More »

84 Employees of Goldman Sachs Have Just Been Named Their New Partners

November 9th, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 1.2% decrease in mortgage applications from last week.  A new multifamily K-Deal was just pricced by Freddie Mac at $1.2 billion.  84 employees of Goldman Sachs have just been named their new partners, the most in 6 years. In The News: Mortgage Bankers

Read More »

First Sale on a Vacant Loan Made by HUD this Week

November 2nd, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 1.2% decreased in applications from last week.  The Federal Reserve continues to hint at an increase in interest rates, even as early as next month.  The first sale on a vacant loan was made by HUD this week, a loan known

Read More »