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Today Top Stories

Virginia Governor Signs Executive Order on Affordable Housing

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In an effort to boost his state’s housing inventory and expand affordable housing opportunities, Virginia Gov. Terry McAuliffe has issued an executive order designed to “ensure that housing is a key contributor to Virginia’s ongoing economic recovery.”Click to continue

NAHB Forecasting 6.6 Percent Jump in Housing Starts in 2014

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A growing economy, rising household formations, low mortgage rates and pent-up demand will help single-family housing production to rev up in 2015 while a growth in renters will keep the multifamily market at cruising altitude or higher, according to economists who participated in yesterday's National Association of Home Builders (NAHB) 2014 Fall Construction Forecast Webinar.Click to continue

Green Building Accounts for Nearly 1/4 of U.S. CRE Construction

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Green building is generating plenty of green for the commercial real estate world. According to a new study by Lux Research, the global green building market grew in 2013 to $260 billion, including an estimated 20 percent of all new U.S. commercial real estate construction.Click to continue

The World's Least Affordable Housing Market Is …

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While affordable housing (or the lack thereof) has become an increasingly thorny problem in the U.S. real estate world, it would appear that the situation is even worse overseas.Click to continue

Three Very Different Approaches to Affordable Housing

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Affordable housing—or, more accurately, the lack thereof—has been a critical problem facing the U.S. residential market. Three new developments on this front—a new securitization endeavor, a newly announced privately funding effort and a controversy over a New York City development—show a housing segment that is a state of tumult and flux.Click to continue

NMP's Mortgage Technology Providers Directory

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Calyx Software
Why techies love the company:
Robust, powerful and compliant, yet flexible and easy to use. Support included.

Why clients love the company: Affordable, reliable products for more than 20 years make us the number one provider.Click to continue

OCC to Loosen the Oversight Leash on Big Banks

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The Office of the Comptroller of the Currency (OCC) has announced that they will be rotating their big bank staffers around, to better supervise and monitor the nation’s largest banking entities.Click to continue

Zillow: Housing Markets to be Swimming With Underwater Borrowers for Foreseeable Future

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The affordable homes most sought after by first-time homebuyers are being kept off the market in part because nationally, those homes are almost three times more likely to be underwater than the most expensive homes, according to the first quarter Zillow Negative Equity Report. The national negative equity rate fell to 18.8 percent in the first quarter, with almost 9.7 million American homeowners with a mortgage underwater, owing more on their mortgage than their home is worth.Click to continue

GSEs Execute Three Million-Plus Foreclosure Prevention Actions Since 2008

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Fannie Mae and Freddie Mac have completed more than 3.1 million foreclosure prevention actions since the start of conservatorship in 2008. These actions have helped more than 2.5 million borrowers stay in their homes, including nearly 1.6 million who received permanent loan modifications. During 2013, Fannie Mae and Freddie Mac completed nearly 448,000 foreclosure prevention actions, 99,700 of these in the fourth quarter. The majority of these allowed troubled borrowers to save their homes.Click to continue