Thursday, April 27, 2017

Lack of housing supply slows pending home sales in March

Pending home sales dipped slightly in March as low levels of housing inventory created a strain on the market. Low inventory levels are not only holding back home prices, but also creating more competition and increasing home prices. The National Association of Realtors forecasts the rate of home sales for 2017.

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Freddie Mac: Mortgage rates increase after weeks of declines

Mortgage rates increased this week after several weeks of declines. It is now once again above the 4% mark. Freddie Mac explains the housing market still continues to be strong, despite the shifting interest rates.

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Wednesday, April 26, 2017

Step one: Republicans begin fight for Dodd-Frank replacement

The Republican-led Financial CHOICE Act started its long journey through Congress to try and replace the Dodd-Frank Wall Street Reform and Consumer Protection Act on Wednesday. House Financial Services Committee Chairman Jeb Hensarling, R-TX, formally introduced the Financial CHOICE Act and the Committee held its first hearing on the bill. Ready. Set. Go.

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ATTOM: Average homeowner gains 24% return in equity since purchase

Homeowners are hitting decade highs in their accrued equity, as it increased by 24% since the time of purchase to the first quarter in 2017. And not only are equities rising, but also the amount of time homeowners spend in their home. ATTOM Data Solutions explains why.

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Quicken Loans adds Casey Hurbis to lead marketing efforts

It seems that can’t more than a few minutes without seeing an ad from Quicken Loans, as the company pushes its Rocket Mortgage more and more into the mainstream. Now the company will have a new person shepherding those ubiquitous marketing efforts, as Quicken Loans announced recently that Casey Hurbris is joining the online lender to serve as the company’s chief marketing officer.

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PRMI expands Florida footprint with new branch opening

Primary Residential Mortgage Inc. expanded its territory in Florida with its newest branch opening in Miami. The new location is complete with a new team of mortgage insurance professionals, including its new branch manager who brings 31 years of experience with her.

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Mortgage bond trader Jesse Litvak sentenced to two years for fraud…again

The tale of the government’s pursuit of former Jefferies managing director and mortgage-backed securities trader Jesse Litvak may finally be coming to a close. More than three years after first being convicted, Litvak has been sentenced to a two-year prison term, again.

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