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After six consecutive months of declines, existing-home sales recorded an upswing in October, according to the National Association of Realtors (NAR)
Existing-Home Sales Up
After six consecutive months of declines, existing-home sales recorded an upswing in October, according to the National Association of Realtors (NAR).   Total existing-home sales were up 1.4 percent from September to a seasonally adjusted... Read more
There was more interest in obtaining home loans, according to new data from the Mortgage Bankers Association (MBA) for the week ending Nov. 30
Mortgage Applications and Rates Down
There was relative scant movement with mortgage application activity for the week ending Nov. 16, according to new data from the Mortgage Bankers Association (MBA).   The Market Composite Index slid by 0.1 percent on a seasonally adjusted... Read more
After what seemed to be an endless period of housing inventory evaporation, Zillow is reporting that there were three percent more homes available for sale during October compared to one year earlier
National Housing Inventory Up Three Percent
After what seemed to be an endless period of housing inventory evaporation, Zillow is reporting that there were three percent more homes available for sale during October compared to one year earlier. This follows the tiny 0.1 percent... Read more
The default rate on first mortgages remained unchanged at 0.63 percent from September to October, according to data from the S&P/Experian Consumer Credit Default Indices
First Mortgage Default Rate Holds Steady
The default rate on first mortgages remained unchanged at 0.63 percent from September to October, according to data from the S&P/Experian Consumer Credit Default Indices.   The composite rate for the indices was also unchanged from... Read more
When it comes to house hunting, the best day to score the deepest discount on a property is the day after Christmas, according to an analysis from ATTOM Data Solutions
The Best Day to Buy a House Is …
When it comes to house hunting, the best day to score the deepest discount on a property is the day after Christmas, according to an analysis from ATTOM Data Solutions.   How did Dec. 26 become the best day for homebuying? ATTOM Data... Read more
The Federal Housing Finance Agency (FHFA) has published a final rule amending its regulation for the Federal Home Loan Banks' (FHLBanks) Affordable Housing Program (AHP)
Final Rule on FHLBanks' AHP Amendments Issued
The Federal Housing Finance Agency (FHFA) has published a final rule amending its regulation for the Federal Home Loan Banks' (FHLBanks) Affordable Housing Program (AHP).  According to the agency, the final rule “provides additional... Read more
The Federal Deposit Insurance Corp. (FDIC) issued a notice of proposed rulemaking that would increase the threshold for residential real estate transactions requiring an appraisal to $400,000
FDIC Seeks to Increase Appraisal Exemption Level to $400K
The Federal Deposit Insurance Corp. (FDIC) issued a notice of proposed rulemaking that would increase the threshold for residential real estate transactions requiring an appraisal to $400,000.   The current threshold of $250,000 has been... Read more
The Financial Crimes Enforcement Network (FinCEN) has revised its Geographic Targeting Orders (GTOs)
FinCEN Revises Focus at Dubious Real Estate Transactions
The Financial Crimes Enforcement Network (FinCEN) has revised its Geographic Targeting Orders (GTOs) that require title insurance companies to identify the individuals who use shell companies in all-cash purchases of residential real... Read more
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) dropped slightly after weeks of steady increases
Housing Starts, Builder Confidence Down
Single-family housing starts in October were at a rate of 865,000, which is 1.8 percent below the revised September figure of 881,000, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development.... Read more
Origination volume for commercial and multifamily properties took a drop in the third quarter, according to new data from the Mortgage Bankers Association (MBA).
Commercial and Multifamily Origination Volume Takes Q3 Drop
Origination volume for commercial and multifamily properties took a drop in the third quarter, according to new data from the Mortgage Bankers Association (MBA).   Commercial and multifamily originations were down by three percent from the... Read more