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Pres. Trump’s 2018 budget is in. How did housing fare?
President Trump’s proposed full budget request for fiscal year (FY) 2018 is in. As previously reported and finally confirmed, several housing and rental programs maintained by the Housing and Urban...
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Fewer Americans are Seeking for Mortgage Applications
The Mortgage Banker Association reported a decline in the number of mortgage applications last week. This is according to the MBA’s Weekly Mortgage Application Survey done ending May 26, 2017...
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Mortgage Applications Rise on Week-over-week Basis
The Weekly Mortgage Application Survey ending June 9, 2017 has shown an increase in the mortgage applications by 2.8 percent from the previous week. This survey is conducted by the Mortgage Bankers...
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Mortgage Applications Take a Sharp Drop
Mortgage application activities took a sharp fall in the weekly survey conducted by the Mortgage Bankers Association (MBA) ending June 23, 2017. This drastic decline was felt after two consecutive...
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Buying a Multi-Family Unit Home
Finding financing to purchase a duplex or a multi-family unit property is achievable. There are many different loan products designed for this property type. What determines the kind of loan you get...
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Mortgage Applications Fell After 2 Weeks of Increase
In the survey ending July 28, 2017, the total volume of mortgage applications dwindled after two consecutive weeks of increase in the same month. The refinance activity also scored down slightly...
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Harvey Could Leave 300K Mortgages in Delinquency: Black Knight
Hurricane Harvey is predicted to leave in its trail some 300,000 mortgages in delinquency with 160,000 90 days + past due. This is according to Black Knight Financial Services’ latest projections...
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The ABCs of an FHA Loan
If you are looking for a financing option to fund the purchase of your home, an FHA loanis a choice worth considering. Originally established as a relief to the housing crisis of the 1930s, the...
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FHA No Longer Backs Residential Mortgages With PACE Loans, Here’s Why
“FHA can no longer tolerate putting taxpayers at risk by allowing obligations like these to be placed ahead of the mortgage itself in the event of default,” Dr. Ben Carson, secretary of the Housing...
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Senior Homeowners Gain $121 Billion in Home Equity in Q3 2017
As 2017 is drawing to a close, homeowners aged 62 and above may be able to draw more from their home equity. They were $121 billion in home equity richer during the third quarter of 2017 per Reverse...
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