Tuesday , 27 October 2020

Around The Web

Despite Q1 GDP Contraction Housing and Economy Outlook Remain Positive

By Brian Honea In its second of three estimates of real gross domestic product (GDP) growth for the first quarter released Friday, the U.S. Bureau of Economic Analysis (BEA) issued a downward revision of what analysts had already deemed “paltry” growth of 0.2 percent in the advance estimate for Q1 reported at the end of April. According to the BEA’s …

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MBS RECAP: Bond Markets Go out at May’s Best Levels

By Matthew Graham Posted To: MBS Commentary It came right down to the wire . The best 3pm closing level for 10yr yields was previously seen on May 1st at 2.117. We hovered near those levels for much of the day today, but ultimately hit 2.095 by 3pm. Even though bonds continue to trade until 5pm, most market participants regard …

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FHFA: HARP Refinance Volume Continues to Grow for Q1

By xhevrije The Federal Housing and Finance Agency (FHFA) recently released their first quarter refinance report, revealing that refinance volume has increased in March, while mortgage rates remained near 20 month lows in February. The Home Affordable Refinance Program (HARP) had 31,648 refinances, bringing the total refinances through this program to 3,302,102 since it began. The post FHFA: HARP Refinance …

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Outlook for Housing and Economy Remain Positive Despite Q1 GDP Contraction

By Brian Honea Despite economic growth taking a step backward, the forecast for housing for the rest of the year remains positive, according to Fannie Mae SVP and chief economist Doug Duncan. New home sales increased by 6.8 percent in April up to 517,000 annualized units; the National Association of Realtors’ Pending Home Sales Index has risen by 14 percent …

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Mortgage Rates Back Into the 3’s to End The Month

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates moved lower again today , making this the 7th straight day where rates have either held steady or improved. Over that time, no single day stands out as clearly better than the others. Instead, the gains have been slow, steady, and varied by lender to a greater degree than normal. …

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Indecomm’s Document Management Group Passes 800 County Milestone

By Brian Honea The rapid expansion of eRecording into more counties can be attributed to the efforts of the accounting and technology departments at Indecomm, according to Raghu Nair, Director – Operations, Document Management Group, Indecomm Global Services. The post Indecomm’s Document Management Group Passes 800 County Milestone appeared first on DSNews. Via:: Indecomm’s Document Management Group Passes 800 County …

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HELOCs Nearing End-of-Draw Period Are At Risk of Delinquency

By Brian Honea Since their 1.81 percent high in 2009, HELOC delinquencies are down to prerecession levels, the study shows. The percentage of HELOCs that are in late-stage delinquency, 90–180 days past due, are down to 0.5 percent which is a positive sign for the industry. The post HELOCs Nearing End-of-Draw Period Are At Risk of Delinquency appeared first on …

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CFPB, Florida Receive $27.7 Million Judgment Against Firm for Foreclosure Relief Fraud

By Brian Honea According to the CFPB, the Hoffman Law group was set up to give the appearance that it would give specialized legal help to distressed homeowners who were either seeking mortgage loan modifications or trying to avoid foreclosure. The post CFPB, Florida Receive $27.7 Million Judgment Against Firm for Foreclosure Relief Fraud appeared first on DSNews. Via:: CFPB, …

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