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DS News Webcast: Monday 10/26/2015

All-cash transactions comprised nearly 31 percent of all single-family residential home sales nationwide in July 2015, marking a decline of more than three full percentage points year-over-year, according to CoreLogic cash sales data released on Friday. With July’s decline, the cash sales share has fallen year-over-year every month since January 2013, a total of 31 consecutive months. July 2015’s reported share of 30 point 8 percent was a dropoff from the share of 34 point 2 percent reported in July 2014. As has historically been the case, REO sales made up the largest portion of cash sales with 56 percent in July 2015, and resales had the second highest share at 30 point 2 percent. Despite REO sales making up more than half of all cash sales, REO’s share of total home sales remained low in July at 6 point 1 percent. In January 2011, when the cash sales share reached its peak, REO sales made up 23 point 9 percent of total home sales. Freddie Mac has announced its intention to sell more than 1 billion dollars worth of notes in its latest Structured Agency Credit Risk offering, according to an announcement from the GSE. The latest Structured Agency Credit Risk offering is the seventh this year of more than 1 billion dollars by Freddie Mac and the 16th since the program began slightly more than two years ago. Freddie Mac’s goal

About Author: Jordan Funderburk


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