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No Surprise That Bernanke Couldn't Refi

by devteam October 4th, 2014

Business media are having a lot of fun today over a throw-away remark Ben Bernanke made yesterday. In a question and answer session with Moody Analytics economist Mark Zandi, the former Federal Reserve chair said he was having a little personal trouble

Foreclosure Inventory to fall below Half-Million by Year-End

by devteam October 3rd, 2014

CoreLogic said this morning that over the last 10 years the number of completed foreclosures in the U.S. has been the equivalent of 15 percent of all mortgage homes . The company's Deputy Chief Economist Sam Khater said that since homeownership peaked

MBA Introduces Two Measures of Credit Availability

by devteam October 2nd, 2014

Along with its monthly report on mortgage credit availability (MCAI) the Mortgage Bankers Association (MBA) has introduced two new measures, a conventional index and a government index. The two are components of the MCAI. The MCAI for October is unchanged

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