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Available Mortgage Credit Increases 0.5% Month-Over-Month

  Today’s News Synopsis: The amount of mortgage credit available increased last month by 0.5% according to the Mortgage Bankers Association.  Homeownership decreased to 64.7%, its lowest in almost...

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Employment in Private Sector Increases by 204,000

        Today’s News Synopsis: Freddie Mac reported mortgage rates are at a year’s low with 30-year rates at 4.1% and 15-year rates at 3.24%.  Employment in the private sector increased...

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MBA Reports Drop in Mortgage Applications by 0.9%

  Today’s News Synopsis: Big day for mortgages.  The amount of mortgage credit available decreased last month as a result of cuts to real estate programs.   The Mortgage Bankers Association also...

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34.8% of Total Homes Sold Were Cash Sales

  Today’s News Synopsis: The amount of mortgage credit available increased last month by 1.2% according to the latest Mortgage Credit Availability Index.  Out of the total amount of homes sold in...

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Underwater Homes Decreases in Every State But Seven

    Today’s News Synopsis: The amount of mortgage credit available increased last month by one percent to 115.7 according to the latest MBA Mortgage Credit Availability Index.  Mortgage rates decreased...

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Department Of Justice Cannot Use Funds for Disparate Impact Claims According...

    Today’s News Synopsis:   Freddie Mac reported mortgage rates continue to be high for the year with 30-year rates at 3.87% and 15-year rates at 3.08%.  At the same time, the average down payment...

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Time Allowed for Foreclosure Proceedings Extended By Fannie Mae in 33 States

  Today’s News Synopsis:   With the increase in mortgage lending, organizations not associated with banks are having more regulations placed on them, both consumer and financial.  The amount of time a...

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TRID Grace Period to Be Voted On Tomorrow by the House

  Today’s News Synopsis:   The amount of mortgage credit available increased last month by 0.3% to 126.5 according to the Mortgage Bankers Association.  MERS won another case, this time involving...

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Latest Job Report Came In and Showed a Slight Slowdown

Sources: CoreLogic: Home prices maintain pace, increase 6.3% Mortgage Applications Decrease in Latest MBA Weekly Survey Builder Confidence in the 55+ Housing Market Ends Year on a Positive Note...

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Business As Usual? Not According to New NAR CEO

Today’s News Synopsis: The new National Association of Realtors CEO Bob Goldberg says they are set to “embrace disruption.”  Zillow reported an increase in the homeless population with rents...

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