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Little Change in Mortgage Apps Despite Lower Rates
Even as mortgage interest rates retreated across the board last week Mortgage application volume remained essentially unchanged . The Mortgage Bankers Association (MBA) reports that applications for mortgages during the week ended June 27 were down 0
Construction Spending Flat-Lined in May
Construction spending in the U.S. was essentially flat in May although there were gains from one year earlier. A small gain in spending by the public sector was partially offset by a loss in private spending. The U.S. Census Bureau estimated total construction
Regulators Prepare Lenders for HELOC Transition
Federal and state regulatory agencies have issued final guidance to financial institutions under their jurisdiction regarding home equity lines of credit ( HELOCs ) that are nearing their "end-of-draw" periods. A HELOC is a dwelling-secured line of credit
Latest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...