HousingWire–Garrison, Trey
In the second quarter 411,000 homeowners received non-foreclosure actions from mortgage servicers, according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors.
Wall Street Journal–Derby, Michael S.
New York Fed President William Dudley said prospects of a U.S. central-bank rate rise next month have dimmed amid rising overseas concerns.
National Mortgage Professional–Hall, Phil
New data on current mortgage applications point to a state of stagnation, and a new study attempts to forecast where tomorrow’s potential homebuyers will be looking to make property purchases.
HousingWire–Swanson, Brena Online real estate listings service Trulia calculated how long homes are staying on the market by measuring the share of homes for sale on its site over a two-month period.
Reuters–Cassella, Megan
The U.S. housing market is probably strong enough to stand up against an interest rate hike by the Federal Reserve this year, with stabilizing home prices supporting sales, a Reuters poll of top economists showed on Wednesday.
Associated Press–Crutsinger, Martin
The Commerce Department said Wednesday orders for durable goods–items expected to last at least three years, such as refrigerators and cars–increased 2 percent in July after a 4.1 percent gain in June.
Bloomberg, Aug. 25, 2015
University of Pennsylvania real estate professor Susan Wachter discusses the U.S. housing market, the performance of housing stocks and the outlook for Federal Reserve policy.
Wall Street Journal, Aug. 25, 2015–Kusisto, Laura
By 2024, the U.S. will create between 14 million and 16 million new households, according to the report to be released Tuesday by the Mortgage Bankers Association. Of those, as many as 13 million will be owners and as few as three million will be renters, the bankers say.
HousingWire, Aug. 25, 2015–Garrison, Trey
The Mortgage Bankers Association said total loan production expenses–commissions, compensation, occupancy, equipment, and other production expenses and corporate allocations – decreased to $6,984 per loan in the second quarter, from $7,195 in the first quarter.
HousingWire, Aug. 25, 2015–Swanson, Brena
The government is once again expanding access to credit in an effort to capture a wider audience by making homeownership more available through Fannie Mae’s latest update.
