Ellie Mae

Business As Usual? Not According to New NAR CEO

Today’s News Synopsis: The new National Association of Realtors CEO Bob Goldberg says they are set to “embrace disruption.”  Zillow reported an increase in the homeless population with rents drastically increasing.  Mortgage rates continue to remain level with 30-year rates at 3.93% and 15-year rates at 3.18%. In The News: Freddie Mac – “Mortgage Rates Hold …

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Property Taxes for Single-Family Homes Totaled $277.7 Billion in 2016

Today’s News Synopsis: Property taxes for single-family homes totaled $277.7 billion in 2016 according to the latest ATTOM Data Solutions report.  The amount of mortgage credit available increased 3.2% last month as a result of an increase in jumbo government loans.  Originations on commercial and multifamily loans came in at a total of $491 billion …

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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 income growth not being as …

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FHFA and Case-Shiller Release Their Latest Home Price Indeces For August

Today’s News Synopsis: The latest home price index from S&P/Case-Shiller showed home prices in the U.S. increased 5.3% in August.  The FHFA also released their home price index, which showed a 5% increase in home values and them now being at their highest since their peak in 2007.  The latest forecast from the Mortgage Bankers …

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Latest Jobs Report Extremely Positive This Month

Sources: Mortgage Applications Decrease in Latest MBA Weekly Survey Private companies add 179,000 in July vs. est. of 170,000: ADP Dollar rallies after robust US jobs report Mortgage Rates Fall Back Near 2016 Low Consumer Spending in U.S. Rose 0.4% for Second Month in June California pending home sales post third straight annual increase in …

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Federal Reserve Moving Closer to Increasing Rates

Today’s News Synopsis: CoreLogic reported a 2.8 percentage point decrease in cash sales for homes back in April.  The Federal Reserve is beginning to consider increasing rates more due to decreasing risk in the economy.  The NAHB released a new poll showing the majority of Americans still consider owning a home a top priority. In …

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Builder Confidence Rose Two Points This Month To 60

Sources: Commercial/Multifamily Mortgage Debt Outstanding Continues Strong Growth Applications for New Home Purchases Decrease in May Foreclosure Rate Falls to New Post-Crisis Low Mortgage Applications Decrease in Latest MBA Weekly Survey Real estate investors passing over U.S. to find good deals in Europe NAR survey shows how college, student debt affect homeownership Airbnb Adds $1 …

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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 Court of Texas ruled in …

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