October Existing Home Sales Stay Strong
Existing home sales continued to trend upward in October, marking five consecutive months of month-over-month gains, the National Association of Realtors reported yesterday.
Initial Unemployment Claims Suffer Setback
Initial claims for unemployment insurance rose for the week ending Nov. 14, hamstrung by a dramatic jump in coronavirus cases and no sign of a new economic stimulus program before next year.
FHFA Sets Final Rule for GSE Regulatory Capital Framework
The Federal Housing Finance Agency yesterday released a final rule that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac.
Rise in 3Q Home-Purchase Mortgages Powers Increase in Residential Lending
ATTOM Data Solutions, Irvine, Calif., reported 3.25 million mortgages secured by residential property originated in the third quarter, up 17 percent from the second quarter and 45 percent from a year ago, to the highest level in 13 years.
Ellie Mae: Low Rates Sustain Refi Surge
Ellie Mae, Pleasanton, Calif, said interest rates below 3 percent pushed the share of refinances of closed loans to a record 60 percent in October.
