FHA

Ten-X Predicts Existing-Home Sales Will Reach Normal Levels This Year

Today’s News Synopsis: The Mortgage Bankers Association reported a 2.6% decrease in mortgage applications from last week.  In a unique story, several bankruptcy claims were handled by several different banks after the housing bubble that produced drastically different results.  Ten-X predicts existing-home sales will reach normal levels this year.   In The News: NAHB – “Kansas …

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Las Vegas Showing More Stability in their Housing Market

Today’s News Synopsis:   More landlords are forming mergers with each other in hopes this will help increase profit on single-family rentals.  CoreLogic’s predictions for next year’s housing market include an increase in home sales and prices but a decrease in the volume of refis.  One market that seems to be fairing very well, making …

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Department of Justice Seeking to File Criminal Charges Against JPMorgan and RBS

Today’s News Synopsis:   The Department of Justice is seeking to file criminal charges against JPMorgan Chase and Royal Bank of Scotland for selling mortgage securities that were imperfect.  Builder confidence decreased three points this month to 62 according to the NAHB.  In another huge updated story from yesterday, the bill to decrease Fannie and …

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Time Allowed for Foreclosure Proceedings Extended By Fannie Mae in 33 States

  Today’s News Synopsis:   With the increase in mortgage lending, organizations not associated with banks are having more regulations placed on them, both consumer and financial.  The amount of time a foreclosure can be completed was just extended by Fannie Mae in 33 states.  The amount of mortgage credit available increased last month according …

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Three Big Banks Facing Lawsuits Again Over Predatory Lending

  Today’s News Synopsis:   The Mortgage Bankers Association reported an 11.3% increase in mortgage applications from last week.  Reports were positive for both economic and real estate activity according to the latest Federal Reserve Beige Book.  It looks like three large banks may be facing lawsuits again over predatory lending practices.   In The …

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China Leading the International Market As More International Buyers Enter Housing Market

    Sources: Sales of New Homes in U.S. Increased 5.4% in July to 507,000 FHFA: June 2015 house prices rose 5.6% from June 2014 July pending sales and Market Pulse Survey Fannie Mae economic outlook for the second half of 2015 less upbeat Recent Stock Market Losses Cause Many to Doubt that the Fed …

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Many Question If Fed Will Continue With Plan to Raise Rates

  Today’s News Synopsis:   The outlook for economic growth in the second quarter was below positive expectations according to Fannie Mae, primarily due to a decrease in equipment and structure investments on nonresidential properties.  Many are beginning to question if the Fed will continue with their plan to raise rates after seeing recent losses …

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