federal housing administration

Find Out What B2R Means

Today’s News Synopsis: There’s a new trend in the single-family rental market.  The Mortgage Bankers Association reported mortgage applications decreased 2.6%, while at the same time rates increased.  New home sales decreased 1.5% according to HUD and the Census Bureau. In The News: Mortgage Bankers Association – “Mortgage Rates Increase, Applications Decrease in Latest MBA Weekly …

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Got cheap house?

Today’s News Synopsis: Lower priced homes are increasing in value twice as fast as expensive ones.  Conforming loan limits were raised again by the FHFA for the second year in a row.  The New York-based Conference Board reported consumer confidence increased to its highest in 17 years. In The News: National Association of Realtors – “Brian …

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NYtimes.com Capitalizing On Zillow vs NEBNY Turmoil

Today’s News Synopsis: New York Times is giving Brokers free listing exposure on their website.  Baby boomers are downsizing in their living situation and choosing the downtown area.  Brian Montgomery has been nominated by Trump to be the new head of the FHA. In The News: HousingWire – “Trump picks Brian Montgomery to lead FHA“ (9-13-2017) …

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Mortgage Rates Drop Again For Third Week in a Row

Today’s News Synopsis: Production on multifamily houses across the nation increased 11.3% in December to 1.23 million.  Optimism for home remodeling continued to remain strong in the fourth quarter, coming in at 53.  Freddie Mac reported mortgage rates dropped again for the third week in a row with 30-year rates now at 4.09% and 15-year …

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Renters Hope to Save More Money on Utilities Rather Than Rent

Today’s News Synopsis: The Mortgage Bankers Association reported an 8% increase in mortgage purchase applications for the year.   With the increase in mortgage rates and cost for borrowing, we may see some changes in the housing market, including less construction and people buying smaller homes.  According to Freddie Mac, people renting are looking for …

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HARP Plan Extended to 2017 As FHFA Prepares New Refinance Plan

Today’s News Synopsis: The HARP plan has been extended into 2017 in order to allow people to be better prepared for the new refinance plan launching at the end of next year.  The market for apartments and condos now stands at 50 after decreasing three points.  The number of baby boomers choosing to invest in …

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$8.2 Billion Lawsuit Between Countrywide and Investors Finally Settled

Sources: Freddie Mac: Mortgage rates plummet after Brexit vote Pending home sales: Fewer homes being sold for first time in 2 years Case Shiller: Home prices reach new highs in key housing markets Morning Briefing: Strong rise in real estate optimism Zillow: Starter home values growing at twice the pace of higher-end market Booming US …

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Despite All Odds, Existing-Home Sales Continue to Increase

Today’s News Synopsis: Despite all odds, existing-home sales are continuing to show positive signs of increase, having risen 1.7% to 5.45 million.  Many housing advocacy groups and stakeholders in the industry are urging FHFA director Mel Watt to bring more changes to housing finance reform.  Mortgage applications decreased 4.1% according to the Mortgage Bankers Association. …

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A New Progress Report on the CFPB To Be Released

Today’s News Synopsis:   Despite 30-year mortgage rates being at their lowest in years, this may change with the potential increase in interest rates.  A progress report on the CFPB was just provided by the University of Utah that showed a positive take on the bureau and what they had accomplished since their inception.  Homes …

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