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January Storms Push Home Sales Down

Short Sales

According to the RE/MAX National Housing Report for January, freezing weather mixed with winter storms helped depress home sales, down 26.9 percent over the month. The weather caused delays in appraisals and closings. Year-to-year figures from 2013 also showed a downward yearly trend continuing through January, 2014.

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Credit Default Rates Decrease in January

2015 HUD

In a report released Tuesday by S&P Dow Jones Indices and Experian, data from the S&P/Experian Consumer Credit Default Indices revealed a decline in default rates during the month of January. The Indices are a comprehensive measure of changes in consumer credit defaults. The Indices are calculated based on data extracted from Experian's consumer credit database.

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Zillow Marks Upward Trend in Mortgage Rates

Zilllow Mortgage Marketplace, a lending service operated by the home listing website Zillow, announced new mortgage rates Tuesday. Currently, the mortgage rate for a 30-year fixed mortgage is 4.18 percent, according to the release. The rate hovered between 4.17 and 4.21 percent before spiking on Wednesday to 4.27 percent. Mortgage rates eventually came down, dropping to the reported 4.18 percent on Thursday.

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Cold Weather Shakes Builder Confidence

Cold weather across the nation caused more than long commutes and cancelled school. How did the frigid temperatures affect homebuilder confidence? A new report from the National Association of Home Builders noted a few key metrics about new home construction this month.

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Debt Rises, but Who’s Borrowing?

2015 HUD

In a report released Tuesday, the Federal Reserve Bank of New York noted that aggregate consumer debt rose from last quarter, noting an increase of $241 billion dollars in the fourth quarter of 2013. The figure represents the largest quarter-to-quarter increase since 2007.

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LRES Implements New REO System of Operations

LRES, a national provider of residential and commercial valuations and asset management for the mortgage, banking, credit union, and real estate industries, announced a new real estate owned (REO) operating model. The model is expected to increase efficiency and accommodate new clients.

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New Analysis Seeks to Reduce Foreclosure Timelines

Oversite Data Services, a national provider of docket-based legal compliance and management solutions, released a white paper Tuesday that demonstrates how court data-based management of foreclosure cases can reduce foreclosure timelines and improve portfolio management. The analysis is based on a dataset of over 50,000 foreclosure loan files.

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NTS Offers New Service for 2014

National Tax Search announced on Friday the launch of a new suite of services for flood determination. The services are provided nationally through NTS’s service solution, FloodQ. The Chicago, Illinois-based company provides property tax management and flood zone determination services to give accurate and timely real estate data.

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