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October Pending Home Sales Continue Their Decline, But From Extreme Levels; December Buying Bargains; Low Rates

Pending home sales, which ended a four-month streak of gains in September with a 2.2 percent decline, slipped further in October. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a measure based on contracts signed during the month to purchase existing single-family homes, townhomes, condos, and cooperative apartments, was down 1.1 percent compared to the …

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Top 10 Safest Cities in the U.S.

2020 has posed new safety concerns across the country—from spikes in COVID-19 cases, to recent wildfires, storms, and other natural disasters. Still, problems like crime and financial safety continue to be cause for concerns for many cities. WalletHub recently released a report which analyzes data from 182 U.S. cities, including 150 of the nation’s most … The post Top 10 …

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FHA/VA Forbearance Plans Drive Increase in Activity

The data analysts at Black Knight on Friday published weekly forbearance numbers. Due to the Thanksgiving holiday, the data covered activity through Monday (November 23) as opposed to the usual one-week period. According to a Black Knight representative, in summary, the number of mortgages in active forbearance saw another slight increase this week, increasing by 27,000 … The post FHA/VA Forbearance …

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Credit Scores and Down Payments Reach All-Time High

Faced with elevated home prices and stricter credit requirements, borrowers in Q3 placed, on average, higher down payments on their mortgage loans than ever before, according to Bloomberg. Citing a report from ATTOM Data Solutions, Bloomberg reports the median down payment for single-family residences was $20,775 in the third quarter. That, reported Bloomberg, is the … The post Credit Scores …

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Biden Confirms Yellen as Treasury Nominee

President-elect Joe Biden on Monday officially nominated former Federal Reserve Chair Janet Yellen as his Treasury Secretary. This is a confirmation of news reported here last week. The Yellen announcement was one of several, as Biden named multiple nominees and appointments related to the U.S. economy, reported CNBC, which quoted Biden’s prepared words: “As we get … The post Biden Confirms …

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New Home Sales Still Soaring; Refi Apps Too; Mortgage Rates Little-Changed But The Fed Raises Some Doubts

Mortgage rates have been operating relatively close to their all-time lows recently and today was no exception. The Fed raised some doubts as to how much longer that would be the case this afternoon when it released the minutes of its most recent policy meeting (from 3 weeks ago). The Fed questioned whether its mortgage-specific bond buying was having any …

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Ryan Vogt Joins ServiceLink

Starting in the mortgage industry in 2007, Vogt brings over 13 years’ client-centered sales and default industry experience. The post Ryan Vogt Joins ServiceLink appeared first on DSNews.

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Paladino to Lead North America Structured Finance at Fitch

Prior to joining the Structured Finance leadership team, Paladino headed Fitch’s U.S. Leveraged Finance platform and oversaw coverage for Real Estate & Leisure teams within Fitch’s Corporate Finance group. The post Paladino to Lead North America Structured Finance at Fitch appeared first on DSNews.

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