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FHFA Criticized for Process Leading to Repurchase Changes

by devteam September 19th, 2014

The Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) has released an audit critical of the FHFA for decision making leading to changes in the Representation and Warranty Framework for Fannie Mae and Freddie Mac, the government

Builder Confidence at near Nine Year High

by devteam September 17th, 2014

A four point jump in September has taken the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) to its highest reading since November of 2005. The increase, the fourth in as many months, elevated the composite measure

Mortgage Applications Rebound, Offsets Labor Day Losses

by devteam September 17th, 2014

The week ended September 12 saw the losses in application volume which occurred during the previous week which was shortened by the Labor Day holiday mostly reversed. Mortgage application volume increased in most categories by nearly the same percentages

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