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Mortgage rates recorded mixed results in the latest Primary Mortgage Market Survey (PMMS) released by Freddie Mac
Freddie Mac: Mortgage Rates Remain Steady
Mortgage rates recorded mixed results in the latest Primary Mortgage Market Survey (PMMS) released by Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 3.92 percent for the week ending Nov. 22, down from last week when it... Read more
The national median home value during October reached $203,400, which is $12,500 or 6.5 percent higher than it was one year ago, according to new data from Zillow
Median Home is $12,500 More Expensive Than One Year Ago
The national median home value during October reached $203,400, which is $12,500 or 6.5 percent higher than it was one year ago, according to new data from Zillow.   The spike in median home value is being attributed to a low inventory.... Read more
While the nation was getting ready in advance of this week’s Thanksgiving holiday, mortgage application activity managed to record a very slight rise
Mortgage Applications Up by 0.1 Percent
While the nation was getting ready in advance of this week’s Thanksgiving holiday, mortgage application activity managed to record a very slight rise.   According to data from the Mortgage Bankers Association’s Weekly Mortgage Applications... Read more
Ocwen Financial Corporation has announced loan modification borrower assistance results for struggling Ohio homeowners through the third quarter of 2017
Ocwen Aids Ohio Community Groups to Assist Struggling Borrowers
Ocwen Financial Corporation has announced loan modification borrower assistance results for struggling Ohio homeowners through the third quarter of 2017.   Working closely with non-profit agencies in the first nine months of 2017, Ocwen... Read more
The Federal Housing Finance Agency (FHFA) today announced that the 2018 multifamily lending caps for Fannie Mae and Freddie Mac will be $35 billion for each government-sponsored enterprise (GSE), down from this year’s cap of $36.5 billion
FHFA Adjusts Multifamily Lending Caps for 2018
The Federal Housing Finance Agency (FHFA) today announced that the 2018 multifamily lending caps for Fannie Mae and Freddie Mac will be $35 billion for each government-sponsored enterprise (GSE), down from this year’s cap of $36.5 billion... Read more
Social media’s most influential site is failing to enforce its own ban on advertising that encourages discrimination in housing, credit or employment
Study: Discrimination Still Seeps into Facebook Housing Ads
Social media’s most influential site is failing to enforce its own ban on advertising that encourages discrimination in housing, credit or employment.   The non-profit news source ProPublica released a study that showed how it was about... Read more
NEXT Mortgage Events LLC, creator of NEXT, set for Jan. 18-19, 2018 at the Dallas InterContinental, a technology-centric conference and expo for women executives in the mortgage industry, has announced the event’s first series of confirmed speakers and pa
NEXT Tech Conference Announces Speaker Lineup
NEXT Mortgage Events LLC, creator of NEXT, set for Jan. 18-19, 2018 at the Dallas InterContinental, a technology-centric conference and expo for women executives in the mortgage industry, has announced the event’s first series of confirmed... Read more
Existing-home sales increased in October to their strongest pace since earlier this summer, according to new data from the National Association of Realtors (NAR)
Existing-Home Sales Rise in October
Existing-home sales increased in October to their strongest pace since earlier this summer, according to new data from the National Association of Realtors (NAR).   October’s sales data recorded a two percent rise to a seasonally adjusted... Read more
Two of the nation’s leading mortgage industry trade groups are rallying their respective members to influence a pair of bills now working their way through Congress
NAMB and MBA Seek Industry Support on Congressional Legislation
Two of the nation’s leading mortgage industry trade groups are rallying their respective members to influence a pair of bills now working their way through Congress.   NAMB issued a call to action for its members to support H.R. 2570, The... Read more
Default rates on first and second mortgages were up in October, according to the latest S&P/Experian Consumer Credit Default Indices report
New Increases in First and Second Mortgage Default Rates
Default rates on first and second mortgages were up in October, according to the latest S&P/Experian Consumer Credit Default Indices report.   The first mortgage default rate was 0.67 percent last month, up one basis point from... Read more