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Hazy Economic Outlook Leaves Mortgage Rates Adrift

Hazy Economic Outlook Leaves Mortgage Rates Adrift

Friday, 05 February 2021
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Mortgage rates have held steady after a week when the spread of new COVID-19 variants and debate over federal pandemic relief efforts clouded the near-term economic picture. So reports Moneywise. Read more...
BofA Boosts Planned Affordable Housing Spending to $15B

BofA Boosts Planned Affordable Housing Spending to $15B

Friday, 05 February 2021
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Bank of America has tripled its investment commitment on affordable housing, to a total of $15 billion over the next five years. So reports Reuters. Read more...
Las Vegas Tops List of Most Overvalued Housing Markets

Las Vegas Tops List of Most Overvalued Housing Markets

Friday, 05 February 2021
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Las Vegas has the most overvalued housing market of the 20 biggest U.S. metro areas, according to Fitch data as of the fourth quarter of 2020. So reports MarketWatch. Read more...
Fannie Mae Chief Economist on Factors Driving the Housing Market

Fannie Mae Chief Economist on Factors Driving the Housing Market

Friday, 05 February 2021
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According to a study done by Eyul Tekin, “after adjusting for inflation over time the future of the American Dream seems rather gloomy. Median home prices increased 121% nationwide since 1960, but median household income only increased 29%." This is rather disturbing. Read more...
35 Million U.S. Homes at High Risk from Natural Hazards: Report

35 Million U.S. Homes at High Risk from Natural Hazards: Report

Friday, 29 January 2021
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Almost a third of the U.S. housing stock, or 35 million homes, are exposed to high risk from natural hazards, according to the CoreLogic 2020 Catastrophe Report. Read more...
Bodnar of MMG: What Fed Week Developments Mean for Clients

Bodnar of MMG: What Fed Week Developments Mean for Clients

Friday, 29 January 2021
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Fed Chair Powell said three things important for mortgage/housing and the overall economy, said Bill Bodnar of The Mortgage Market Guide (MMG). Read more...
Forbearances Rise Again: Black Knight

Forbearances Rise Again: Black Knight

Friday, 29 January 2021
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The number of mortgages in active forbearance was up again, rising by 20,000 from Tuesday of the previous week. That's according to Black Knight’s McDash Flash Forbearance Tracker. Read more...
HUD Nominee Vows to Protect Homeowners Who’ve Fallen Behind

HUD Nominee Vows to Protect Homeowners Who’ve Fallen Behind

Friday, 29 January 2021
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President Joe Biden’s housing secretary nominee, Marcia Fudge, has told senators that her first priority if confirmed would be to defend the millions who have missed mortgage or rent payments because of lost earnings since COVID-19. So reports the Associated Press. Read more...
U.S. Economic Growth Slows to End Worst Year Since 1946

U.S. Economic Growth Slows to End Worst Year Since 1946

Friday, 29 January 2021
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The U.S. economy wrapped up its worst year since the end of World War II with a 4% seasonalized and annualized growth rate in the fourth quarter, matching analyst forecasts. So reports CNN. Read more...
New Home Sales Rebound to 842,000 in December

New Home Sales Rebound to 842,000 in December

Friday, 29 January 2021
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After a steep fall in November, new home sales increased in December to a seasonally adjusted annual rate of 842,000, according to Commerce Department data. So reports the Associated Press. Read more...

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