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"First Look" at Foreclosure Milestone -Black Knight

by devteam March 24th, 2015

The number of pending foreclosures nationwide, the "foreclosure inventory," reached a milestone in February . For the first time since December 2007 it has dipped slightly below 800,000. The total, which still rounds up to 800,000, fell 15,000 from January

Inventory Hampering Home Sales and Pushing Prices Higher

by devteam March 23rd, 2015

Short supplies of existing home inventory continued to hold back sales in February the National Association of Realtors® (NAR) said today, but contributed to the fastest annual gain in home prices in a year. Weather was also a factor, with lackluster

Reform Bill Would Wind Down GSEs, Boost Ginnie Mae Role

by devteam March 21st, 2015

The 114th Congress's first attempt at housing financial reform legislation hit the House hopper on Thursday. The bill, H.R. 1491 establishes an insurance program through Ginnie Mae and winds down Fannie Mae and Freddie Mac and allows them to be sold and

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