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Ginnie Mae Further Streamlines Advanced Loan Modifications

On Friday afternoon, Ginnie Mae issued a new memorandum (APM 22-01) stating that they are streamlining its documentation requirements for servicers participating in the Federal Housing Administration’s (FHA) Advanced Loan Modification program (ALM).  The memo does away with the requirement for recordation and title insurance in some cases.  The new policy supports ...

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Existing Home Sales Dipped in December

Closing the books on 2021, The National Association of Realtors (NAR) has reported that, during the month of December, existing-home sales declined 4.6% from November, to a seasonally adjusted annualized rate of 6.18 million, snapping a three-month streak of increases.  Despite the monthly drop, existing home sales increased by an overall ...

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Housing Market Drops, Still Up 5% Year Over Year

First American Financial Corporation released their proprietary Potential Home Sales Model for December 2021. The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals.  “In December 2021, housing market ...

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Senior Home Equity Boomed in Q3

Senior citizens are in a great position in the real estate market at the moment as the latest research shows that their housing wealth grew $396.1 billion to $10.1 trillion during the third quarter of 2021, largely mirroring the meteoric growth seen by the market as a whole.  The data for this comes from the latest ...

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