Today’s News Synopsis:

The Mortgage Bankers Association said loan originations for commercial/multifamily properties increased 2% from last year.  Financial results for Freddie Mac were in this week, covering their third quarter earnings.  CoreLogic released their latest home price report, which showed home prices increased 6.3% in September.

In The News:

USA Today – “There’s nothing normal about Elon Musk’s solar roofs” (10-31-16)

“Instead of talking about rocket trips to Mars or self-driving cars, Tesla Motors CEO Elon Musk turned his attention Friday night to a more mundane topic.  He came to talk about roofs. But like all things Musk, there was nothing normal about the roofs he came to discuss.”

Freddie Mac – “Freddie Mac Reports Third Quarter 2016 Financial Results” (11-1-16)

“Freddie Mac (OTCQB: FMCC) today reported its third quarter 2016 financial results and filed its quarterly Form 10-Q with the U.S. Securities and Exchange Commission (SEC).”

CNBC – “Homeowners twice as house rich as five years ago” (11-1-16)

“America’s housing market is heating up again, fortifying the finances of current homeowners and frustrating potential first-time buyers.”

Mortgage Bankers Association – “Commercial/Multifamily Originations Up 2 Percent from Last Year’s Pace” (11-1-16)

“According to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, commercial and multifamily mortgage loan originations for the first nine months of 2016 increased 2 percent compared to the same period last year.”

Realty Trac – “The Great Debate in Real Estate: Fix and Flip or Buy and Hold?” (11-1-16)

“As we get even closer to election time, the debates are already heating up as both candidates’ thoughts and opinions are argued back and forth for the whole country to analyze.”

CNBC – “Dow breaks below 18,000 as US election worries loom; real estate lags” (11-1-16)

“U.S. equities fell on Tuesday, the first trading day of the month, after the release of mixed economic data while investors kept an eye on election-related news.”

CoreLogic – “CoreLogic US Home Price Report Shows Prices Up 6.3 Percent in September 2016” (11-1-16)

“CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its CoreLogic Home Price Index (HPI) and HPI Forecast for September 2016 which shows home prices are up both year over year and month over month.”

Freddie Mac – “Freddie Mac Confirms Disaster Relief Available to Eligible Borrowers Impacted by Hurricane Matthew” (11-1-16)

“Freddie Mac (OTCQB: FMCC) confirmed today that its full menu of disaster relief policies is available to homeowners whose homes were damaged or destroyed by Hurricane Matthew.”

Bloomberg – “The Fed Meets in November to Tee Up a Hike in December” (11-1-16)

“The outcome of the Federal Reserve’s meeting this week was decided long ago — arguably as early as September.  That’s when the central bank released its Summary of Economic Projections, showing officials saw only one interest rate hike as likely for the remainder of the year.”