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August Pending Home Sales Surge to All-Time High

August Pending Home Sales Surge to All-Time High

Friday, 02 October 2020
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Pending home sales have reached their highest level on record since the National Association of Realtors began its monthly survey 19 years ago. So reports The Hill. Read more...
Job Growth Slows As Economic Recovery Loses Steam

Job Growth Slows As Economic Recovery Loses Steam

Friday, 02 October 2020
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The last jobs report before November’s election indicates that the U.S. economic rebound is giving up speed amid a lack of fiscal stimulus or a coronavirus vaccine. So reports Bloomberg. Read more...
Rates Slip Again, But Are Home Prices Too High?

Rates Slip Again, But Are Home Prices Too High?

Friday, 02 October 2020
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While mortgage rates have edged lower again, it’s uncertain whether home prices could eventually reach a point where buyers as a group are priced out, regardless of rates. So reports MarketWatch. Read more...
Forbearances Down 24% from May Peak: Black Knight

Forbearances Down 24% from May Peak: Black Knight

Friday, 25 September 2020
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The pace of improvement in the number of mortgages in active forbearance increased this week, as the number of plans fell 95,000 over the last week (-2.6%). Read more...
Bodnar of MMG: A Rough September for Stocks

Bodnar of MMG: A Rough September for Stocks

Friday, 25 September 2020
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The resurgence of COVID-19 cases, particularly in Europe, has contributed to a tough month for stocks. Read more...
Fed Calls for More Fiscal Stimulus as Congress Stays Divided

Fed Calls for More Fiscal Stimulus as Congress Stays Divided

Friday, 25 September 2020
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A succession of Federal Reserve officials have reiterated that the economic recovery can’t continue based on the support of monetary policy alone. So reports Bloomberg. Read more...
United Wholesale Mortgage Goes Public Via Blank-Check Company

United Wholesale Mortgage Goes Public Via Blank-Check Company

Friday, 25 September 2020
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United Wholesale Mortgage will be publicly listed after a merger with a special purpose acquisition company, or SPAC, tied to billionaire Alec Gores. So reports The Detroit News. Read more...
Mortgage Rates Inch Up But Stay Near Historic Lows

Mortgage Rates Inch Up But Stay Near Historic Lows

Friday, 25 September 2020
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Mortgage rates have risen slightly but remain close to their recent all-time lows, and experts don’t expect rates to change dramatically anytime soon. So reports Moneywise. Read more...
Homebuyer Mortgage Demand Surges, Up 25% from Last Year

Homebuyer Mortgage Demand Surges, Up 25% from Last Year

Friday, 25 September 2020
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After a pause in early September, mortgage demand has jumped again, including both home purchases and refinances. So reports CNBC. Read more...
Bodnar of MMG: New Stimulus-Related Headline Risk is Coming

Bodnar of MMG: New Stimulus-Related Headline Risk is Coming

Friday, 18 September 2020
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Bill Bodnar of The Mortgage Market Guide (MMG) discusses The Fed's recent comments and what it means for the mortgage industry. Read more...

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