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FHA Announces Expanded Mortgage Relief for Disaster Victims

The Federal Housing Administration (FHA) has provided additional relief to victims of the natural disasters that hit the nation in 2017. On Thursday, FHA announced expanded mortgage relief to FHA-insured homeowners who live or work in areas impacted by the ...

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Wallison: Treasury Department Wrong on Regulation Approach

Former White House Counsel and Senior Fellow in Financial Policy Studies at the American Enterprise Institute Peter J. Wallison put in an appearance Thursday on CNBC’s The Santelli Exchange, where he criticized the U.S. Treasury Department’s recent approach to regulation ...

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10 Most Accurate Home Price Forecasts for Metros

Housing forecasts can be tricky, especially in the present market conditions where values change by the day. According to CoreLogic’s latest House Price Index (HPI) Validation Report released on Thursday, the company’s national HPI forecast for 2017 came within 1.7 ...

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Fed Minutes: More Interest Rate Hikes Incoming

The minutes from the January meeting of the Federal Open Market Committee were released on Wednesday, showing Federal Reserve officials forecasting increased economic growth and inflation. Both factors led the Fed officials to stand firm on their plans to gradually ...

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How Much Have Banks Been Fined Since the Crisis?

According to a tally released Tuesday by New York-based investment banking firm Keefe, Bruyette & Woods, banks have been fined $243 billion since the financial crisis in 2008. As reported by Marketwatch, repayment of the fines involves a mixture of ...

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Refis Rise on Low Purchase Market

Refinance loans saw more closings than any other mortgage loan in January, with refis representing 45 percent of all closed loans, according to the monthly Origination Insight Report published by Ellie Mae on Wednesday. The percentage of FHA refinances increased to 28 percent of ...

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Supreme Court Rejects Appeal in GSE Profits Case

This week the United States Supreme Court rejected appeals in a case challenging the federal government’s handling of profits generated by Fannie Mae and Freddie Mac since they came under government control during the 2008 financial crisis. On Tuesday, the ...

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Inventory and Affordability Taking a Toll on Home Sales

Existing-home sales dropped both month-over-month and year-over-year in January 2018, experiencing their largest annual decline in over three years, according to a report from the National Association of Realtors. NAR’s Existing-Home Sales calculations track “completed transactions that include single-family homes, ...

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First Mortgage Default Rates Hold Steady

Although they did see a small uptick as last year ended, first mortgage default rates remained flat year-over-year, according to the S&P/Experian Consumer Credit Default Indices covering data up through January. According to the S&P/Experian Consumer Credit Default Indices released ...

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National Foundations Join Forces to Combat Housing Instability

According to the National Low Income Housing Coalition, there is currently no state in the U.S. where a person earning the minimum wage and working 40 hours per week can afford to rent a basic two-bedroom apartment, much less purchase ...

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