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Seven Predictions for the Multifamily Sector in 2018
National Real Estate Investor, Jan. 16, 2018--Mary DiduchStable is the one word that encapsulates the anticipated state of the multifamily sector this year analysts say.
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Credit Scores in Reperforming Loan Securitizations Drifting Lower
National Mortgage News, Jan. 16, 2018--Bonnie Sinnock (subscription)The weighted average FICO credit scores of securitized reperforming loans are showing some deterioration, according to a DBRS study of bonds issued since 2015.
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Goldman Sachs Begins Offering Home Improvement Loans
HousingWire, Jan. 16, 2018--Ben LaneGoldman Sachs announced Tuesday that it is now offering home improvement loans through Marcus, the company's personal lending venture.
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U.S. Consumers See Higher Wage Growth, Inflation in Fed Survey
Bloomberg, Jan. 16, 2018--Matthew BoeslerU.S. consumer expectations for wage growth rose in December to the highest level in three years, according to a Federal Reserve Bank of New York survey.
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Citigroup Posts $18.3B Fourth-Quarter Loss, Its Earnings Erased by Federal Tax Overhaul
USA Today, Jan. 16, 2018--Kevin McCoyThe net loss, equivalent to $7.15 per share, stemmed from a one-time non-cash charge of $22 billion, or $8.43 per share, related to the Tax Cuts and Jobs Act finalized by Congress and the Trump administration in December.
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9-Month Low for FHA Endorsements, Could Drop More
Mortgage Daily, Jan. 16, 2018New business at the Federal Housing Administration fell to a nine-month low, and a further drop is likely. Delinquency deteriorated. Meanwhile, the book of business continued to grow, HUD said.
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2018’s Higher Federal Conforming Mortgage Loan Limits Signal Confidence In The Housing Market
Forbes, Jan. 17, 2018--Ellen ParisFor the first time since 2005, the Federal Housing Finance Agency significantly increased 2018 Conforming Mortgage Loan Limits by 6.8% to keep pace with home price appreciation. This signals confidence in the housing market.
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GSE Refinance Volume Highest in 9 Months
Mortgage Daily, Jan. 16, 2018The number of government-sponsored enterprise mortgages refinanced climbed to the highest level in nine months. Government-backed refinances, though, continued to fade, the Federal Housing Finance Agency said.
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