Today’s News Synopsis: Both Fannie Mae and Freddie Mac released their new Flex Modification Foreclosure Prevention Programs, which will reduce the monthly payments they make on their mortgages. In their last meeting of the year, the Federal Open Market Committee voted to raise interest rates to between 0.50 and 0.75%. The Mortgage Bankers Association reported […]
Today’s News Synopsis: Over 30,000 foreclosures were completed in October according to the latest National Foreclosure Report from CoreLogic. The Mortgage Bankers Association reported a 12% increase in new home purchase applications year-over-year in November. Realtor.com just released a list of the top ten cities where you can find a bargain on homes. In The
Realtor.com Releases List of Top Ten Cities to Find A Bargain on Homes Read More »
Today’s News Synopsis: Both Fannie Mae and Freddie Mac released their eviction moratoriums for the holidays today. It seems fewer real estate transactions are taking place as people are waiting to see how Trump will handle the market. Although the Fed is certain to raise interest rates to 05-0.75%, the issue does not seem to
Sources: Total Mortgage Debt Climbs in Q3 CoreLogic US Home Price Report Shows Prices Up 6.7 Percent in October 2016 Independent Mortgage Bank Volumes Up, Production Profits Stable in 3rd Quarter 2016 Mortgage Rates Hit New 2016 High U.S. Home Flipping Activity Decreases in Q3 2016 After Hitting Six-Year High in Previous Quarter Ben Carson
Fed to Raise Rates Next Week After Much Discussion Read More »
Today’s News Synopsis: Mortgage rates increased again to a new high with 30-year rates now at 4.13% and 15-year rates at 3.36%. ATTOM Data Solutions reported a decrease in home flipping, putting the total at 45,718. According to CoreLogic, there was a $726 billion increase in home equity in the third quarter. In The News:
ATTOM Data Solutions Reported a Decrease in Home Flipping Read More »
Today’s News Synopsis: Net gains on loans originated by independent mortgage banks increased in the third quarter while profits continued to remain relatively stable. HELOCs are starting to become more expensive and may continue to do so with the rise in interest rates. Risky mortgage-backed securities have now been given a AAA rating once again.
Risky Mortgage-Backed Securities Given a AAA Rating Once Again Read More »
Today’s News Synopsis: Home prices in the U.S. increased 6.7% in October according to the latest CoreLogic Home Price Report. Since its introduction in September, the S&P real estate sector has decreased 10% and is in danger of continuing to decline. Invitation Homes L.P., located in Texas and serving as an owner of rental homes,
Home prices in the U.S. increased 6.7% According to CoreLogic Read More »
Today’s News Synopsis: Trump has officially selected Ben Carson as the new leader of HUD, although many in the housing industry are divided on his choice. The Federal Reserve Bank of New York reported an increase of $90 billion in mortgage debt in the third quarter, putting it at $8.35 trillion. In an interesting news
Sources: Seriously Underwater Homes Heat Map US home prices hit new peak, up 5.5% in September: S&P CoreLogic Case-Shiller Pending home sales in October up 0.1% pre-election, before rate spike U.S. Home Refinance Originations Increase 16 Percent in Q3 2016 Mortgage Rates Continue Climbing Chinese real estate site falls after revenue miss, cites regulatory challenges
GSEs Could Become Independent Under Trump Read More »
Today’s News Synopsis: The latest report from ATTOM Data Solutions showed a 16% increase in home refinance originations in the third quarter. Freddie Mac reported mortgage rates increased again with 30-year rates now at 4.08% and 15-year at 3.34%. One of the things Trump could potentially be cutting are mortgage interest deductions. In The News:
Mortgage Interest Deductions Could Be Cut Under Trump Administration Read More »
