delinquency rate

Critics Say It Will Cloud America’s Property Market

Today’s News Synopsis: The rise in iBuying is gaining steam.  The Mortgage Bankers Association reported mortgage applications increased 3.8% from last week in their latest survey.  Overall delinquency rates for September were their lowest in 20 years at 3.8%. In The News: National Association of Realtors – “Expect Continued Economic Growth, Slower Real Estate Price Gains …

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Almost 4,000 SJSU Students Have Experienced Homelessness

Today’s News Synopsis: Airbnb to house homeless students at SJSU.  The Mortgage Bankers Association reported a 9.6% increase in mortgage applications from last week.  A year after coming to Virginia, what effect has Amazon’s 2 headquarters had on home prices in Virginia? In The News: Redfin – “National Bidding War Rate Hit a 10-Year Low in …

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A Color By Any Other Name…Actually Could Make A Big Difference

Today’s News Synopsis: When choosing a paint hue for your walls, it’s not just the color that matters, but the name of the color too.  The Mortgage Bankers Association reported a 12% increase in commercial/multifamily originations in the first quarter.  More and more teachers are having a hard time owning a home. In The News: …

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Parents Refi to Help Child Win Bidding War On New House

Today’s News Synopsis: How far would you go to help your kids get a house?  Moody’s Investor Services found a larger percentage of household incomes is going toward paying off debts.  Serious delinquency rates remained roughly unchanged at 4.6% according to CoreLogic. In The News: Bloomberg – “American Households Spend Bigger Slice of Income on Debt …

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Construction on Multifamily Properties Decreased 2.6% Last Month

Today’s News Synopsis: Construction on multifamily properties decreased 2.6% last month according to HUD and the Commerce Department.  Mortgage delinquency rates decreased to 4.71% at the end of the first quarter of 2017 according to the Mortgage Bankers Association.  Fannie Mae released their latest Economic and Housing Outlook, showing they expect the second quarter to …

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Fannie Mae Reports Decrease in Housing Sentiment by 0.5 Points

Today’s News Synopsis: According to the latest Home Purchase Sentiment Index from Fannie Mae, housing sentiment saw a decrease for the fifth month in a row, dropping 0.5 points to 80.7.  The latest Mortgage Monitor report released today by Black Knight Financial Services showed the delinquency rate is not decreasing but returning to normal levels. …

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East Coast Seeing Improvements in Real Estate 4 Years After Hurricane Sandy

Today’s News Synopsis: The estate coast is finally seeing improvements in the real estate market four years after being struck by Hurricane Sandy.  The second quarter saw a decrease in housing affordability with the increase in home prices.  ATTOM Data Solutions released their latest report showing a total of 6.7 million properties underwater in the …

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Increase in Applications in Preparation for TRID Amounted to Nothing

    Sources: Southern California home prices inch down in September Builder Confidence Rises Three Points in October Treasuries Decline as New-Home Construction Climbs in September Mortgage Default Rates Decline, Driving Consumer Credit Default Index Down Number of Seriously Underwater Properties Drops 525,000 in Q3 2015 From Previous Quarter, Down 1.2 Million From Year Ago …

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