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Home prices were up 7.6 percent on a year-over-year basis in October, according to new data from Redfin
Redfin: Home Prices Soar as Inventory Dwindles
Home prices were up 7.6 percent on a year-over-year basis in October, according to new data from Redfin, which the median sales price at $288,000. However, sales were down by 0.1 percent from last year, marking the fourth consecutive month... Read more
The Federal Housing Finance Agency (FHFA) is shifting its policy by enabling Fannie Mae and Freddie Mac (the Enterprises) to re-enter the Low Income Housing Tax Credit (LIHTC) market as equity investors on a limited basis
GSEs Return to LIHTC Market
The Federal Housing Finance Agency (FHFA) is shifting its policy by enabling Fannie Mae and Freddie Mac (the Enterprises) to re-enter the Low Income Housing Tax Credit (LIHTC) market as equity investors on a limited basis.   The FHFA... Read more
Single-family housing starts in October were at a rate of 877,000, up by 5.3 percent from the revised September figure of 833,000
Housing Starts on the Rise
Single-family housing starts in October were at a rate of 877,000, up by 5.3 percent from the revised September figure of 833,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. Privately... Read more
President Trump is reportedly considering to fill the soon-to-be-vacant Director’s office at the Consumer Financial Protection Bureau (CFPB) with Mick Mulvaney, Director of the Office of Management and Budget
Trump Reportedly Considers Mulvaney as Interim CFPB Director
President Trump is reportedly considering to fill the soon-to-be-vacant Director’s office at the Consumer Financial Protection Bureau (CFPB) with Mick Mulvaney, Director of the Office of Management and Budget, serving on an interim basis... Read more
ATTOM Data Solutions has released its Q3 2017 U.S. Home Equity & Underwater Report, which shows that there were 4.6 million (4,628,408) U.S. properties that were seriously underwater
Seriously Underwater U.S. Properties Drop by 1.4 Million From Q3 2016
ATTOM Data Solutions has released its Q3 2017 U.S. Home Equity & Underwater Report, which shows that there were 4.6 million (4,628,408) U.S. properties that were seriously underwater, down by more than 800,000 properties from the... Read more
Genworth Mortgage Insurance has released the results of its survey of 200 mortgage industry professionals conducted at this year’s Mortgage Bankers Association Annual Convention & Expo in Denver
Genworth Survey: Lack of Downpayment Remains Hurdle to Homeownership
Genworth Mortgage Insurance has released the results of its survey of 200 mortgage industry professionals conducted at this year’s Mortgage Bankers Association Annual Convention & Expo in Denver. The survey addressed several topics,... Read more
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing the average 30-year fixed mortgage rate (FRM) moving to its highest mark since July, averaging 3.95 percent with an average 0.5 point for the week ending Nov. 16, 2
Fixed-Rates Hit Four Month High
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing the average 30-year fixed mortgage rate (FRM) moving to its highest mark since July, averaging 3.95 percent with an average 0.5 point for the week... Read more
Some of the most influential movers and shakers in the mortgage space will converge in Atlanta next April for Connect 2018
NAMMBA Conference to Tackle Diversity, Connect the Best and Brightest
Some of the most influential movers and shakers in the mortgage space will converge in Atlanta next April for Connect 2018, a three-day conference that focuses on enhancing diversity in the industry and forging connections among the... Read more
Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB) and, arguably, the most powerful and polarizing federal regulator in D.C., has announced that he is leaving his job eight months before the end of his term
Cordray to Leave CFPB
Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB) and, arguably, the most powerful and polarizing federal regulator in D.C., has announced that he is leaving his job eight months before the end of his term. In an... Read more
The gap between homeowner and appraiser opinions on home values continued to shrink, according to new data from Quicken Loans
Homeowners and Appraisers in Greater Agreement on Valuations
The gap between homeowner and appraiser opinions on home values continued to shrink, according to new data from Quicken Loans.   During October, Quicken Loans determined that appraisals were an average of 0.99 percent lower than the... Read more