The Langgle’s Lookout: Real Estate News in a Minute

Here is a summary of the latest headlines about the Real Estate Industry: Freddie Mac: Historically low interest rates stick around Great news for home buyers – Freddie Mac’s latest Primary Mortgage Market Survey shows rates of average fixed mortgages fell even further due to the Fed’s decision not to raise interest rates last week and other negative economic data. Ten-X projects home sales to increase […]

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Will HMDA replace TRID as the most dreaded mortgage acronym?

MBA Tech says not all TRID April 6, 2016 John Vong http://www.housingwire.com/blogs/1/post/36723 Maybe it’s a sign that our industry is finally coming to grips with the TILA-RESPA Integrated Disclosure (TRID) or “Know Before you Owe” rule because the Mortgage Bankers Association National Technology in Mortgage Banking Conference & Expo in Los Angeles this week wasn’t all TRID all of the time. A significant number of the […]

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Flipping mortgages the next frontier for investors?

Should it be…? April 11, 2016 Brena Swanson  http://www.housingwire.com/articles/36764 The appeal of buying home notes is growing as investors in other part of real estate look to it to be their next big financial move, an article in MarketWatch by Andrea Riquier reported. So what are notes? While titles and deeds establish property ownership, notes — the financial agreements between lenders and homebuyers — set […]

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Unsealed government documents may reveal truth about Fannie, Freddie fate

Did the government really need to bail out the GSEs? April 12, 2016 Ben Lane http://www.housingwire.com/articles/36770 In the years since the federal government modified its conservatorship agreement withFannie Mae and Freddie Mac to sweep all the profits from the government-sponsored enterprises into the government’s coffers, many observers, including those with a serious financial interest, have questioned whether the so-called “Third Amendment sweep” was even necessary. […]

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Freddie Mac: Mortgage rates remain low, unchanged

But for how much longer? March 31, 2016 Brena Swanson http://www.housingwire.com/articles/36654 Mortgage rates remained stagnant for the week ending March 31 amid recent comments from Federal Reserve Chair Janet Yellen, according to Freddie Mac’s latest Primary Mortgage Market survey. Earlier this week, Yellen gave a speech to the Economic Club of New York, which was the first time she went on the record since the […]

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Freddie Mac: 2016 will be housing’s best year in a decade

Mortgage rates remains low, housing prices will rise March 31, 2016 Kelsey Ramírez http://www.housingwire.com/articles/36661 Freddie Mac predicts total home sales, housing starts and house prices will continue to rise this year, reaching their highest point since 2006, according to its March Outlook that was released today. Freddie Mac does not expect inventory and affordability challenges keep the market from reaching its highest level. It also […]

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Black Knight: Cash-out refis up 68% since 2Q 2014

Volume still 80% below 2005 levels Trey Garrison October 5, 2015 http://www.housingwire.com/articles/35250 Cash-out refinances were up 68% year-over-year from the second quarter of 2014, as borrowers take advantage of still-low rates and newfound equity in their homes, according to Black Knight Financial Services. This is the highest volume of cash-out refinancing in five years, but still nearly 80% below the peak in 2005. As Black […]

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Yellen reiterates rates likely to increase this year

Will the Fed finally begin normalizing monetary policy? Brena Swanson July 10, 2015 http://www.housingwire.com/articles/34444 Federal Reserve Chair Janet Yellen reaffirmed in a speech to The City Club of Cleveland that she still expects it will be appropriate later this year to take the first step to raise the federal funds rate and begin normalizing monetary policy. “My own outlook for the economy and inflation is […]

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Monday Morning Cup of Coffee: Setting the stage for higher interest rates

Delinquencies drop, call to delay TRID grows, and housing metrics http://www.housingwire.com/articles/33921 Trey Garrison May 18, 2015 Monday Morning Cup of Coffee takes a look at news across HousingWire’s weekend desk, with more coverage to come on bigger issues. The pressure will be on for the Federal Reserve to boost inflation expectations to set the stage for higher rates despite the general weakness of the overall […]

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CoreLogic: More than 1 million homeowners regained equity in 2014

5.4M properties still underwater as of 4Q14 Trey Garrison March 17, 2015 http://www.housingwire.com/articles/33257 Some 1.2 million borrowers regained equity in 2014, bringing the total number of mortgaged residential properties with equity at the end of Q4 2014 to approximately 44.5 million or 89% of all mortgaged properties, according to CoreLogic (CLGX). Nationwide, borrower equity increased year over year by $656 billion in 4Q14. The CoreLogic analysis also […]

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