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The Federal Housing Finance Agency (FHFA) announced the current $35 billion multifamily lending caps used respectively by Fannie Mae and Freddie Mac will be retained into 2019
Pending Home Sales Barely Up, Price Appreciation Cools
Two new data reports have found pending home sales were on the none-too-vibrant uptick while home price appreciation is showing signs of slowing down.   The National Association of Realtors’ (NAR) Pending Home Sales Index (PHSI) inched up... Read more
The National Association of Realtors (NAR) announced that the new “.realestate” Internet domain will go on sale beginning Nov. 26, following the Nov. 16 conclusion of a pre-sale to NAR members.
New .realestate Domain Sale Begins Nov. 26
The National Association of Realtors (NAR) announced that the new “.realestate” Internet domain will go on sale beginning Nov. 26, following the Nov. 16 conclusion of a pre-sale to NAR members.   NAR noted that the new domain is separate... Read more
The Mortgage Bankers Association (MBA) gathered nearly 250 senior executives from its member companies to sign a letter to Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau (CFPB)
MBA Lobbies CFPB on LO Comp Rule Changes
The Mortgage Bankers Association (MBA) gathered nearly 250 senior executives from its member companies to sign a letter to Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau (CFPB) to make changes to its Loan... Read more
Mortgage delinquencies skyrocketed by more than 13 percent in September
Mortgage Delinquencies Up Sharply in September
Mortgage delinquencies skyrocketed by more than 13 percent in September, the largest single-month rise since November 2008, according to new data from Black Knight. However, September tends to generate increased delinquencies: 16 of the... Read more
It was an up-and-down data day regarding the latest housing news
New Home Sales Down, Prices and Mortgage Apps Up
It was an up-and-down data day regarding the latest housing news.   First, the downside: Single-family home sales last month were at a seasonally adjusted rate of 553,000 were at a seasonally adjusted annual rate of 553,000, according to... Read more
The number of U.S. households without a bank account was down for the third consecutive period, according to the latest National Survey of Unbanked and Underbanked Households
FDIC Finds Fewer Households Without a Bank Account
The number of U.S. households without a bank account was down for the third consecutive period, according to the latest National Survey of Unbanked and Underbanked Households released by the Federal Deposit Insurance Corp. (FDIC).   The... Read more
Pennsylvania Attorney General Josh Shapiro is seeking input from Philadelphia region mortgage borrowers and home loan applicants who believe they may have been the subject of redlining or experienced irregularities during the mortgage process
Pennsylvania AG Spotlights Redlining in Philadelphia
Pennsylvania Attorney General Josh Shapiro is seeking input from Philadelphia region mortgage borrowers and home loan applicants who believe they may have been the subject of redlining or experienced irregularities during the mortgage... Read more
Volcker Views U.S. as a ‘Hell of a Mess in Every Direction’
Former Federal Reserve Chairman Paul Volcker offered a harsh denunciation on the state of the nation, insisting that “we’re in a hell of a mess in every direction.”   In a New York Times interview published ahead of the Oct. 30 release of... Read more
Zillow: It Takes Seven Years to Save for a Downpayment
An American earning the median income and putting away 10 percent of that sum each month would be able to save enough for a 20 percent downpayment on the average home in just over seven years, according to new data from Zillow.   The seven... Read more
The New York Association of Mortgage Brokers held its 30th Annual Industry Awards at the Cradle of Aviation Museum on Long Island, N.Y.
NYAMB Honors Tops in the Industry at Annual Awards Ceremony
The New York Association of Mortgage Brokers held its 30th Annual Industry Awards at the Cradle of Aviation Museum on Long Island, N.Y. NYAMB presented awards to a number of individuals, including its Broker of the Year, Wholesale Lender... Read more