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Mortgage Applications Rise 2.9% as Interest Rates Move Even Higher
CNBC, Sept. 26, 2018--Diana OlickTotal mortgage application volume rose 2.9 percent last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Volume was 15.5 percent lower than the same week one year ago, when interest rates were nearly a full percentage point lower.
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CFPB Report on Data Collection is Silent on Threat of Breaches
National Mortgage News, Sept. 26, 2018--Kate Berry (subscription)The Consumer Financial Protection Bureau this week issued a report and a request for information as part of an effort to assess the effectiveness of how data is collected, used and reused.
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Fannie Mae Launches Challenge for Healthy Affordable Housing Solutions
Housing Wire, Sept. 26, 2018--Alcynna LloydThe Call for Ideas on Healthy Affordable Housing is an extension of the company's Innovation Challenge, which is a key component of Fannie Mae's Sustainable Communities Initiative.
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Diversity and Inclusion is a Men’s Issue, Too
American Banker, Sept. 26, 2018--LeeAnne B. Linderman (subscription)Whether you call it "power" or "influence," men in our industry have the majority of "it." That is why men must own diversity and inclusion--and follow the examples of those who already do.
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Caution: Potential Inverted Yield Curve Ahead
National Real Estate Investor, Sept. 26, 2018--Beth Mattson-TeigThis week's Federal Reserve Board meeting is once again shining a spotlight on rising interest rates and what has remained a stubbornly flat yield curve.
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Freddie to Buy Shared Equity Mortgages
Mortgage Daily, Sept. 26, 2018In an effort to support homeownership in low-to mid-income markets, Freddie Mac will join its secondary mortgage cousin in purchasing shared-equity mortgages.
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Sen. Warren Introduces Housing Bill
Mortgage Daily, Sept. 26, 2018Sen. Elizabeth Warren, D-Mass., introduced housing legislation she says will eliminate the housing supply shortage and create more than a million new jobs. The proposed law would be funded through higher taxes on wealthy families.
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Sandler Law Group Buys Out McGlinchey Stafford Youngblood and Associates
HousingWire, Sept. 26, 2018--Jeremiah JensenSandler Law Group, a Texas-based firm that specializes in residential mortgages and owner of Asurity Technologies, acquired McGlinchey Stafford & Youngblood and Associates, a closing and fulfillment services provider for the mortgage lending industry.
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