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mortgage security

Transaction Involving Prime Jumbo RMBS Increase by Twice as Much Over Past Year

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Today’s News Synopsis: A recent survey from NAHB showed out of the 75% of adults who know what career path they want, only 3% are interested in a job in construction.  Transactions involving prime jumbo residential mortgage-backed securities increased by twice as much over the past year according to Fitch Ratings.  The Mortgage Bankers Association […]

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housing beams

Construction on Single-Family Homes Decreases in March By 6.8%

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Today’s News Synopsis: The latest S&P Dow Jones Indices and Experian data showed a small increase in mortgage default rates, up one basis point to .75% in March.  Construction on single-family homes decreased in March by 6.8% after showing positive numbers in February.  Bank of America reported a 40% increase in their profits with their

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Fannie Mae

Fannie Mae Economic Outlook Does Not Expect Much Change This Year

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Today’s News Synopsis: The NAHB reported builder confidence remained relatively stable this month, having only decreased 3 points to 68.  Fannie Mae released their Economic and Housing Outlook for April, showing it remaining at 2% and not likely to change much this year.  Blueprint Robotics in Baltimore builds houses on an assembly line, and the

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foreclosure states

Foreclosures for Q1 are Now Below Pre-Recession

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Sources: Vacation home sales plunged in 2016, as prices hit highest level in a decade Construction Jobs Dip Slightly Q1 2017 Foreclosure Activity Below Pre-Recession Levels Nationwide and In 47 Percent fo U.S. Markets Mortgage Rates Hit Lowest Mark of 2017 ‘Scream Queens’ Star Billie Lourd Flipping Cobalt Blue Contemporary in Santa Monica’s Sunset Park Jeremy

Foreclosures for Q1 are Now Below Pre-Recession Read More »

no down payment

Renters Biggest Struggle To Owning a Home is Making the Down Payment

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Today’s News Synopsis: Trulia’s latest report showed the workers who are having the hardest time finding a home in their own town where they work are teachers, police officers, firefighters, and restaurant workers.  According to the latest Housing Aspirations Report from Zillow, 70% of renters are not becoming homeowners because they struggle the most with

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late payment

Over 5% of Homeowners Late on Paying Mortgages Last January

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Today’s News Synopsis: Over 5% of homeowners were late paying their mortgages last January according to the latest analysis from CoreLogic.  The sales of vacation homes decreased 22% last year according to the National Association of Realtors.  The NAHB reported a slight increase in construction jobs in February, putting them at 169,000. In The News:

Over 5% of Homeowners Late on Paying Mortgages Last January Read More »

no down payment

Following Crisis, More Lenders Wanted to Refinance Rather Than Sell

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Today’s News Synopsis: The latest celebrity to perform a real estate transaction, in this case flipping a home, is Billie Lourd, star of “Scream Queens” and daughter of the late Carrie Fisher.  Live and Invest Overseas just released their latest list of the top places overseas to buy real estate.  More lenders chose to refinance

Following Crisis, More Lenders Wanted to Refinance Rather Than Sell Read More »

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Confidence in Housing Market Decreases Over Wariness in Job Market

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Sources: CoreLogic US Home Price Report Shows Prices Up 7 Percent in February 2017 Jumbo, Government Loans Drive Mortgage Credit Availability Increase in March Plenty of Beauty in U.S. Jobs Data Beneath Ugly Main Number Mortgage Rates Move Lower Afraid of a Bubble?  Buy Without Fear in These Top 10 Stable, Growing Markets What’s Old

Confidence in Housing Market Decreases Over Wariness in Job Market Read More »

property tax 2016

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

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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

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

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