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Fewer Children And Older Repeat Buyers: 5 Takeaways From the 2018 Housing Market
USA Today, Oct. 29, 2018--Janna HerronSuper-low inventory and quickly rising prices largely framed this year's housing market. But a closer look at 2018's buyers and sellers reveals other intriguing real estate trends.
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Mortgage Market is Ripe for Fraud (Again)
National Mortgage News, Oct. 29, 2018--Josh Migdal (subscription)The author, with law firm Mark Migdal & Hayden, says there are signs in the nonbank mortgage market that now indicate there may be serious issues ahead.
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The State With the Lowest Downpayment Average Is…
National Mortgage Professional, Oct. 29, 2018--Phil HallSpoiler Alert: it's Alaska.
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Drop in Purchases Pulls Down Mortgage Market Index
Mortgage Daily, Oct. 29, 2018An exact reversal of last week had an increase in new refinance business being more than offset by a decline in purchase-money business. Adjustable-rate activity soared. The U.S. Mortgage Market Index from Mortgage Daily, was 111 in the week ended Oct. 26.
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MBA Urgest FCC to Stick to Plain Text of Telemarketing Law
Mortgage Professional America, Oct. 29, 2018--Francis MonfortWhile Congress enacted the Telephone Consumer Protection Act to combat an abusive form of cold-call telemarketing and fax-blast spamming, MBA said recent litigation has exposed legitimate businesses to unquantifiable uncertainty.
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FTC Warns Lenders: Do Not Lie in Loan Refinancing Ads
HousingWire, Oct. 29, 2018--Ben LaneIn the wake of taking action against SoFi for allegedly lying in its ads about how much borrowers can save by refinancing their student loans with the online lender, the Federal Trade Commission is also warning other lenders to not engage in similar activity.
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4 Questions Ahead of Fed Proposal to Overhaul Regional Bank Rules
American Banker, Oct. 29, 2018--Neil Haggerty, Hannah Lang (subscription)For regional banks with more than $100 billion of assets, all eyes will be on the Federal Reserve Wednesday as the U.S. central bank proposes changes to its prudential supervision program for large banks.
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