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NAHB chief economist says Fed policy & high construction costs will cause first decline in housing starts since 2011.

The $359 million non-prime RMBS transaction comprises 681 mortgages, 83.5% of which utilized alternative income documentation.

The New York Federal Reserve Bank says Americans now hold more than $11 trillion in mortgage debt

Alternative real estate financing company cut about 120 jobs.

While new listings dropped 12%, overall housing supply is growing, giving buyers more choices.