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Does the Thought of a Recession Scare You? #367

Real Estate News Recap: 93.9% Of Homes in the US Have Positive Equity Nice Rebound in Builder Confidence – NAHB Home Prices Jump 6.2 Percent in Second Quarter; Eclipse 2016 High Pitiful Housing Supply Slighted Dampened Q2 Home Sales Home Sales Fell 3.5 Percent in July, the 22nd Consecutive Month to Post an Inventory Decline …

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Mel Watt Speaks on Less GSE Conservatortorship and More Finance Reform

Today’s News Synopsis:   The Mortgage Bankers Association reported a decrease down to 4.77% for mortgage delinquencies while foreclosure loans went down two basis points to 0.36%.  Speaking of mortgages, Freddie Mac reported rates have remained relatively constant with 30-year rates at 3.65% and 15-year rates at 2.95%.  Mel Watt, the director of the FHFA, …

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NAHB Reported a Decrease in Both Builder Confidence and Housing Starts

Today’s News Synopsis:   The NAHB reported a decrease in builder confidence this month while also reporting a 3.8% decrease in housing starts for the month of January.  The MBA reported an 8.2% increase in mortgage refinance applications from last week.   Ed Delgado, the president of Five Star Institute, met with Hud Secretary Julián …

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MERS Experiences Victory this Week

Sources: Black Knight: Home prices maintain trend, move higher Led by Housing, Economy Suffers Slight Setback to End 2015 Morning Briefing: Existing home sales set new monthly-gain record 2015 New-Home Sales Reach Eight-Year High Freddie Mac: Mortgage rates drop four consecutive weeks Pending Sales of Existing Homes in U.S. Rise Less Than Forecast Morning Briefing: …

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Consumers Own Views of the Market Seems to Be Leading Cause of Rising Home Prices

      Sources: Daily Market Update: Low income families can’t afford event the least expensive homes CFPB Report Finds 26 Million American Adults Have No Credit History Fannie Mae: More consumers positive on housing, but still on sidelines Claren Financial: The mortgage market faces 3 more years of recovery 4 Percent of All U.S. Single …

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As Credit Card Usage Decreases, Consumer Credit Increases at Slower Rate

          Sources: Pending home sales reach highest level since August 2013 Construction spending slows in January CoreLogic: Home prices gain nearly 6% Commercial/Multifamily Delinquencies Continue Decline Homeownership rates at lowest level since 1994 FHFA revamps nonperforming mortgage servicing rules for Fannie and Freddie Non-Performing Loan (NPL) Sale Requirements Real Estate Crowdfunding …

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New Ruling by CFPB Will Help Property Heirs Avoid Foreclosure

  Today’s News Synopsis: CoreLogic reported foreclosures decreased again this past May by 9.4% with 47,000 completed that month.  The amount of available mortgage credit increased last month by 0.6% to 115.8, up from 115.1.  A new ruling was just issued by the CFPB that will help heirs of property to be included on the …

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