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Significant Increase in October New Home Sales

by devteam November 13th, 2014

The Mortgage Bankers Association (MBA) noted a significant increase in new home sales in October. MBA's estimate is based on responses to its Builder Application Survey conducted among mortgage subsidiaries of home builders across the country. Sales increased

October Saw Double Digits increases In Foreclosure Filings

by devteam November 13th, 2014

A surge in scheduled auctions sent the overall rate of foreclosure activity surging in October. In its U.S. Foreclosure Market Report released on Thursday RealtyTrac reported that auctions were scheduled for the first time on 59,869 U.S. properties during

Treasury Official Advocates Private Mortgage Market Development

by devteam November 13th, 2014

Seven years after the financial crisis the private label securities (PLS) market is "barely clinging to life" , a Treasury official said on Wednesday. Michael Stegman, counselor to the Treasury secretary for housing finance said the earlier structural

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