Mar 06, 2018

Interest Rate Incentive To Refinance is Going, Going, Gone

Today’s News Synopsis: Over a million Americans just lost their shot at refinancing.  CoreLogic reported a 6.6% increase in home prices in January for the sixth month in a row.  What are the 100 richest communities in America?  Bloomberg gives you the scoop. In The News: CoreLogic – “CoreLogic Reports Home

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Feb 07, 2017

CoreLogic Reports 7.2% Increase in Home Prices, Although Affordability is at a 7-Year Low

Today’s News Synopsis: The Mortgage Bankers Association reported an increase in the amount of mortgage credit available for the month of January.  CoreLogic reported a 7.2% increase in home prices for the month of December.  However, houses are at their lowest affordability due to this factor plus higher mortgage rates

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Dec 05, 2016

Ben Carson Selected As New HUD Leader, Although Many in Housing Have Different Opinions On This

Today’s News Synopsis: Tump has officially selected Ben Carson as the new leader of HUD, although many in the housing industry are divided on his choice.  The Federal Reserve Bank of New York reported an increase of $90 billion in mortgage debt in the third quarter, putting it at $8.35

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Jul 25, 2016

Bankrate Survey Shows Real Estate is Most Popular Place to Invest

Today’s News Synopsis: Home remodeling projects are expected to reach $321 billion by next year, putting its growth at 8% and numbers not seen since before the crash.  A new report was released by the government recently that outlined what the Treasury, HUD, and FHFA have achieved as well as

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Jul 18, 2016

NAHB Says Builder Confidence Holds Firm This Month

Today’s News Synopsis: Julian Castro is under scrutiny by the U.S. Office of Special Counsel for his violation of the Hatch Act.  The NAHB reported builder confidence continues to hold firm this month , having only decreased by one point to 59.  A recent survey by the Center for Responsible

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Jun 15, 2016

Number of One-Person Firms in the Construction Industry Totals 2 Million

Today’s News Synopsis: The Mortgage Bankers Association reported a 2.4% decrease in mortgage applications from last week.  The NAHB reported the number of one-person firms in the construction industry totals over 2 million.  Republicans in the House of Representatives revealed their plan yesterday to replace Dodd-Frank as well as help

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Jun 10, 2016

CoreLogic Shows Percentage of Mortgages Homes with Equity is 92

Sources: Delinquencies Spike Among Amortizing HELOCs Commercial/Multifamily Mortgage Delinquency Rates Low, Record Decline for CMBS Loans Freddie Mac: 30-year mortgage reverses course, drops More Renters Looking to Buy These Days Morning Briefing: Foreign buyers interest in US homes increasing Hensarling reveals details of plan to replace Dodd-Frank Lender Restraint Stunting

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Jun 08, 2016

Jeb Hensarling and Republicans Reveal Plan to Replace Dodd-Frank with Financial CHOICE Act

Today’s News Synopsis: Consumers are being warned by HUD to be on the lookout for scammers making false promises of giving a housing grant in exchange for a fee.  In an update on the situation with Dodd-Frank, the House Financial Services Committee chairman Jeb Hensarling and the Republican party presented

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May 23, 2016

Texas Supreme Court Rules in Favor of Ocwen Over Lien Settlement

Today’s News Synopsis: The National Association of Realtors reported existing-home sales increased last month by 1.7% to 5.45 million.  A fine dealt to Bank of America totalling $1.27 billion over fraud was overturned by the United States Court of Appeals for the Second Circuit.  At the same time, the Supreme

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Jul 28, 2015

Areas Hit Hardest By Crisis Were Positively Effected By Freddie Mac’s Take Root Program

  Today’s News Synopsis:   The homeonwership rate decreased in the second quarter to its lowest in almost 50 years at 63.4%.  The program established by Freddie Mac after the housing crisis called the Take Root Program has proven very useful in areas hit hardest by the crisis.  The House

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