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Lending and Originations

Pending Home Sales Up in July

While pending home sales rose a meaningful 0.7% in July, overall, this number is only marginally better than its low point hit in March earlier this year.

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How Much Purchasing Power Have Homebuyers Lost YoY?

Mortgage rates hovering around the 7% mark are cutting into buyers’ budgets, according to a new report from Redfin. It found that a buyer on a $3,000 monthly budget can afford a home valued at $429,000, assuming a 7.4% mortgage. But how does this stack up when compared to last year?

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The Week Ahead: Preserving the Dream of Homeownership Webinar

Next week, the Five Star Institute and Brookstone Management will present a webinar discussing the topics of combating neighborhood blight, returning foreclosed properties to the market, and protecting property values. Tune in for in-depth insight and perspective from Brookstone, Fannie Mae, and U.S. Bank execs.

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