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Winter 2017 home sales remained strong during February in New York State, with the 7,391 closings representing the second highest total for the month, according to the housing market report released by the New York State Association of REALTORS (NYSAR)
Winter 2017 home sales remained strong during February in New York State, with the 7,391 closings representing the second highest total for the month, according to the housing market report released by the New York State Association of REALTORS (NYSAR). The January statewide median sales price of $... Keep Reading....
Default rates on first and second mortgages were up slightly in February
Default rates on first and second mortgages were up slightly in February, according to the latest S&P/Experian Consumer Credit Default Indices report.   The first mortgage default rate came in at 0.74 percent last month, up two basis points from January. The second mortgage default rate took a... more
Independent mortgage banks and the mortgage subsidiaries of chartered banks reported a net gain of $575 on each loan they originated during the fourth quarter of 2016
Independent mortgage banks and the mortgage subsidiaries of chartered banks reported a net gain of $575 on each loan they originated during the fourth quarter of 2016, according to new data from the Mortgage Bankers Association (MBA). This is a marked decline from the reported gain of $1,773 per... more
The average credit score for homebuyers increased by four between the fourth quarters of 2015 and 2016, rising from 733 to 737, according to new data from CoreLogic’s Housing Credit Index. During the fourth quarter of 2016, the share of homebuyers with credit scores under 640 was about one-tenth... more
Although the Trump Administration’s new budget blueprint calls for $6.2 billion in cuts to the Department of Housing and Urban Development (HUD) operating costs, the new housing chief is stating that this should not be seen as the end of certain programs.   According to a Detroit Free Press report... more