NATNews Blog
Welcome to NATNews, North American Title Company’s news and information portal for professionals in the real estate, mortgage and title insurance industries. As your trusted partner in the business of buying and selling real estate, we know that the success of your business is inextricably linked to market forces, the buying habits of the different generations, regulatory changes, social trends and more. With the launch of NATNews, we will be providing our partners with daily updates concerning market trends, business news and regulatory information to keep you informed of the most critical issues that could impact your business.
 
  • Existing-home sales inch higher in September

    10/20/2017 10:16:42 AM

    After three straight monthly declines, existing-home sales slightly reversed course in September, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis, according to the National Association of Realtors.

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  • Multifamily lending up 8 percent in 2016

    10/20/2017 10:03:37 AM

    Multifamily lending was up 8 percent year over year in 2016, with nearly three thousand different multifamily lenders providing a total of $269.2 billion in new mortgages for apartment buildings with five or more units, according to a new report from the Mortgage Bankers Association.

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  • Economic growth outlook unchanged following hurricanes 

    10/18/2017 8:17:52 AM

    The full-year 2017 economic growth forecast remains unchanged at 2.2 percent following expected offsetting hurricane-related impacts to GDP growth in the third and fourth quarters, according to the Fannie Mae Economic & Strategic Research Group’s October 2017 Economic and Housing Outlook.

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  • Lead your real estate team to success

    10/17/2017 3:16:38 AM

    As a leader, you are a trusted, influential, and indispensable part of your real estate team. Learn the secrets to managing a thriving and happy team, so you can achieve more together.

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  • Snapchat vs Instagram: Which one is for you?

    10/16/2017 7:34:59 AM

    Social platforms are always battling it out to determine who will be today's top contender. This seems to be the "Story" between two social platforms that share similar features: Snapchat and Instagram.

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  • ALTA unveils ‘Our Values’ initiative

    10/16/2017 6:09:04 AM

    ALTA announced the land title insurance industry’s Our Values initiative, which serves as the industry’s cultural compass and highlights the universal core ideals ALTA members embrace.

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  • Nine effective ways to attract new business

    10/12/2017 7:06:23 AM

    Personable and capable real estate professionals establish long-lasting business relationships that result in customer loyalty and referrals. But since attracting new business is the lifeblood of a career, even the most successful agents look for new ways to attract new clients.

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  • Real estate deal-breakers and how to fix them efficiently

    10/11/2017 2:07:47 PM

    Some real estate transactions are complicated, and major roadblocks may develop that threaten the entire project. These are a few of the more significant factors that buyers and sellers may run into during the real estate sales process that could potentially prevent the deal from going through as planned.

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  • Overall housing confidence up on rising renter optimism

    10/10/2017 7:30:18 AM

    The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 0.3 points in September to 88.3, matching the all-time high set in June. The rise can be attributed to increases in three of the six HPSI components.

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  • Hurricanes push employment numbers into negative territory

    10/9/2017 4:58:40 AM

    The unemployment rate declined to 4.2 percent in September, and total nonfarm payroll employment changed little (-33,000), the U.S. Bureau of Labor Statistics reported today. A sharp employment decline in food services and drinking places and below-trend growth in some other industries likely reflected the impact of Hurricanes Irma and Harvey.

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  • Freddie Mac September insight: Is geography destiny?

    10/6/2017 4:28:42 AM

    Freddie Mac released its Insight for September, which explores the relative influence of regulatory and geographic constraints on housing affordability. Economists and policy makers agree that restrictive land use regulations have reduced affordability in our high-growth cities and metropolitan areas.

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  • Get the skills that pay the bills

    10/5/2017 7:58:40 AM

    While many agents may dream of working in a constant state of peak production, for most, their path is filled with peaks and valleys. The key to consistent success in our industry is to maintain a peak state throughout, while keeping fatigue at bay.

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  • 9 tips to boost the value of your next client appreciation event

    10/4/2017 7:37:15 AM

    Now's the time of year to surprise and delight your customers, clients and referral sources with an invitation to an appreciation celebration. Such events make prospecting fun and profitable. When you create a connection through an enjoyable event, you ensure the power of face-to-face connections in a social setting.

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  • Fraud risk likely to increase in hurricane ravaged areas

    10/3/2017 8:34:28 AM

    According to the First American August 2017 Loan Application Defect Index report, hurricane ravaged areas may experience increased frequency of defects, fraudulence and misrepresentation over the coming year.

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  • FFIEC announces availability of 2016 data on mortgage lending

    10/3/2017 8:24:58 AM

    The Federal Financial Institutions Examination Council announced the availability of data on mortgage lending transactions at 6,762 U.S. financial institutions covered by the Home Mortgage Disclosure Act.

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  • Federal Reserve: Rate remains as-is for now

    9/28/2017 8:50:34 AM

    The Federal Reserve kept the key interest rate unchanged at its most recent meeting, but left open the possibility of a rise in the rate in December. The Fed will start thinning out trillions from its balance sheet in October as it works to wind down its bond-buying program.

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  • New home sales fall 3.4 percent in August

    9/27/2017 9:21:43 AM

    Sales of newly built, single-family homes in August fell 3.4 percent to a seasonally adjusted annual rate of 560,000 units from an upwardly revised July reading, according to newly released data by the U.S. HUD and the U.S. Census Bureau. Year-to-date, new home sales are 7.5 percent above their level over the same period last year.

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  • NAR: Homeownership deserves protection in tax reform debate

    9/27/2017 9:17:31 AM

    Tax reform done right could yield savings and simplification that benefits average Americans, but history shows that misguided reforms can pose significant threats to the economy, according to the National Association of Realtors' recent message to Congress.

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  • New home sales to drive 2018 growth

    9/26/2017 10:31:38 AM

    With 1.33 million housing starts expected in 2018 (up from 1.22 in 2017), new home sales should be the primary driver of sales in 2018, according to Freddie Mac’s Outlook for September.

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  • Tackling negative online reviews head-on

    9/26/2017 10:14:19 AM

    Online reviews are helpful because they provide information about products or services that consumers are interested in; they also demonstrate how a company handles problems. A negative review can tell you more than a positive review. When a company handles a bad review well, the consumer will be more likely to work with them. Are you equipped to handle negative reviews that come your way?

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  • HOME Survey: Renters optimism towards home buying on the rise

    9/25/2017 1:29:38 PM

    There appears to be a revival from renters that now is a good time to buy a home, according to NAR’s third quarter Housing Opportunities and Market Experience  (HOME) survey.

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  • Builder confidence drops three points as hurricanes add uncertainty

    9/25/2017 1:23:21 PM

    Builder confidence in the market for newly-built single-family homes fell three points to a level of 64 in September from a downwardly revised August reading of 67 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

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  • ​Existing-home sales subside 1.7 percent in August

    9/21/2017 3:03:34 PM

    Existing-home sales stumbled in August for the fourth time in five months as strained supply levels continue to subdue overall activity, according to the National Association of Realtors. Sales gains in the Northeast and Midwest were outpaced by declines in the South and West.

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  • ​Growth warms even as hurricanes cloud economic outlook

    9/20/2017 9:18:05 AM

    An improved second quarter estimate of real gross domestic product growth helped push the full-year growth forecast higher despite increased economic uncertainty following Hurricanes Harvey and Irma, according to the Fannie Mae Economic & Strategic Research Group’s September 2017 Economic and Housing Outlook.

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  • Must-have apps for real estate professionals

    9/20/2017 9:09:33 AM

    Apps, software and web integrations can help you work smarter and make life easier. Check out these eight tools real estate agents can leverage to effectively manage communications, business tasks and marketing. 

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  • ​Student debt delaying Millennial homeownership by 7 Years

    9/19/2017 8:19:32 AM

    Despite being in the prime years to buy their first home, an overwhelming majority of millennials with student debt currently do not own a home and believe this debt is to blame for what they typically expect to be a seven-year delay from buying.

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  • The final walk-through: Issues and resolutions

    9/18/2017 8:33:56 AM

    As the buyer’s agent, you’ve seen the transaction through a few bumps in the road — perhaps a bidding war, disagreements over terms or a glitch in loan approval. But now the deal is close to closing and one more hurdle remains: bringing in your buyers for what you hope will be an uneventful walk-through.

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  • It's not too late: Your 2017 content roadmap

    9/18/2017 8:15:16 AM

    This is one of the best times of the year to reevaluate your content strategy with the best months of the year just around the corner Think of this as a play-by-play on what and how to post for the rest of the year, as well as what to look forward to each month to help you close out 2017 as strong as ever.

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  • Outlook remains bright for commercial real estate despite price plateau

    9/14/2017 9:01:35 AM

    Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of Realtors quarterly commercial real estate forecast.

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  • ​MBA releases white paper examining CFPB enforcement approach

    9/13/2017 12:25:28 PM

    MBA released a new white paper, titled CFPB 2.0: Advancing Consumer Protection, that examines the approach of the CFPB during its first five years of undertaking enforcement actions in key areas.

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  • ​Mortgage credit availability increases in August

    9/12/2017 7:40:55 AM

    Mortgage credit availability increased slightly in August according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from Ellie Mae's AllRegs Market Clarity business information tool.

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  • ​National Flood Insurance Program extended until Dec. 8

    9/11/2017 10:09:01 AM

    On Friday, Sept. 8, President Donald Trump signed legislation authorizing a three-month extension of the National Flood Insurance Program. Originally scheduled to expire on Sept. 30, the reauthorization temporarily extends the program until Dec. 8, while Congress considers a raft of bills to revamp the program.

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  • Multifamily industry sees continued growth, increased affordability challenges

    9/11/2017 9:06:52 AM

    According to a new survey commissioned by Freddie Mac, a significant majority of the multifamily industry believes the rental housing market will continue to grow, fueled by increasing demand and a growing population. At the same time, however, a plurality of participants is less optimistic about the outlook for affordable housing as compared to just one year ago.

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  • Real estate agents of distinction attract more prospects

    9/8/2017 11:21:15 AM

    Today, sales is leadership. Anyone can get a ton of information from the internet, check out reviews and use online calculators, but in the end, they look for a common denominator: specialization.

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  • ​Survivor housing a priority in hurricane recovery effort

    9/8/2017 10:56:10 AM

    The federal government continues to focus on the lives and safety of those affected by Hurricane Harvey. While the coordinated response continues, HUD, FEMA and other federal, state, local, and tribal partners, are beginning to direct efforts toward recovery, including housing survivors displaced by the disaster through the state-led disaster housing task force.

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  • Economic activity continues to expand, Hurricane Harvey causes broad disruptions

    9/7/2017 6:49:22 AM

    According to the Federal Reserve’s Sept. 6 Beige Report, economic activity expanded at a modest to moderate pace across all 12 Federal Reserve districts in July and August. Hurricane Harvey reportedly caused broad disruptions, but the full impact is not yet known.

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  • Assessing down payment requirements, PMI and financial effects

    9/6/2017 12:52:34 PM

    The benefits of homeownership must be weighed against the real challenges of pulling together a downpayment, understanding the financial commitment and determining the wisdom of putting less down to get into a home sooner rather than later. In this article, we explore information and resources for homebuyers on the options, opportunities and risks of buying their first home and do a little “myth busting” on down payment requirements and private mortgage insurance.

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  • Hurricanes shine spotlight on NFIP, as proposed reforms languish in Congress

    9/6/2017 9:36:43 AM

    The NFIP is now less than one month away from expiration, with Congress considering a range of bills to reform the program, and industry trade groups raising concerns that commercial and residential sales could grind to a halt in some areas if potential buyers are unable to get a mortgage.

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  • Loan application defect index levels off

    9/5/2017 7:37:33 AM

    The First American Loan Application Defect Index showed the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications remained the same in July 2017 as compared with the previous month.

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  • Solar leases and escrow

    9/1/2017 7:23:57 AM

    The number of houses with solar panels has increased tenfold in just the past seven years, according to the Solar Energy Industries Association. But what is the impact of existing solar lease contracts when the subject property is listed for sale?

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  • ​The Conference Board Consumer Confidence Index increased in August

    8/30/2017 8:55:06 AM

    The Conference Board Consumer Confidence Index, which had increased in July, improved further in August. The Index now stands at 122.9 (1985=100), up from 120.0 in July. The Present Situation Index increased from 145.4 to 151.2, while the Expectations Index rose marginally from 103.0 last month to 104.0.

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  • Digital trends to watch and practice

    8/30/2017 8:48:49 AM

    As the tools of digital marketing are being upgraded, so are the ways that technology can be used to reach new customers.It is important to stay abreast of the emerging trends and technologies so that you can make full use of them to the advantage of your business. 

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  • ​CFPB temporarily changes HELOC reporting threshold for community banks and credit unions

    8/29/2017 1:12:19 PM

    The CFPB has temporarily changed reporting requirements for banks and credit unions that issue home-equity lines of credit, and clarified the information that financial institutions are required to collect and report about their mortgage lending.

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  • Fannie, Freddie announce assistance to homeowners impacted by Hurricane Harvey

    8/29/2017 12:49:06 PM

    Fannie Mae and Freddie Mac have announced they have put plans in place to temporarily suspend foreclosures and evictions in an effort to ease the burden facing homeowners affected by Hurricane Harvey.

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  • ​Delinquencies and foreclosures continue to decline in Q2

    8/25/2017 8:43:24 AM

    The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.24 percent of all loans outstanding at the end of the second quarter of 2017. 

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  • Cash sales dampening mortgage originations

    8/25/2017 8:36:00 AM

    Freddie Mac today released its monthly Outlook for August, which takes a look at how the limited supply of houses has created a highly competitive housing market, which in turn is helping to keep the share of cash sales significantly above its historical norm and dampening mortgage originations.

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  • ​Existing-home sales slide 1.3 percent in July

    8/24/2017 2:43:25 PM

    Listings in July typically went under contract in under 30 days for the fourth consecutive month because of high buyer demand, but existing-home sales ultimately pulled back as large declines in the Northeast and Midwest outweighed sales increases in the South and West, according to the National Association of Realtors.

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  • Working with a gobal clientele

    8/23/2017 8:45:03 AM

    For some real estate professionals, serving an international clientele is both a validation of their industry expertise and – since it typically involves upmarket U.S. properties – a prestigious source of enhanced income.

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  • ​Single-family starts hold steady in July after upward June revision

    8/22/2017 7:17:08 AM

    Single-family production slipped 0.5 percent in July to a seasonally adjusted annual rate of 856,000 after a strong, upwardly revised June reading. Year-to-date, single-family starts are 8.6 percent above their level over the same period last year. Multifamily starts dropped 15.3 percent to 299,000 units.

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  • ​Freddie Mac introduces innovative appraisal alternative

    8/21/2017 12:38:06 PM

    Freddie Mac announced that consumers who are buying homes or refinancing existing mortgage loans may be eligible for an automated appraisal alternative. 

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  • FHFA modifies high LTV refi program, extends HARP through 2018

    8/18/2017 5:05:11 AM

    The Federal Housing Finance Agency announced modifications to the streamlined refinance program for borrowers with high loan-to-value ratio and also directing the GSEs to extend HARP through Dec. 31, 2018.

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  • ​Upside offsets downside, keeps eonomic growth on pace

    8/17/2017 10:09:31 AM

    Looming geopolitical tensions and the growing potential for a U.S. government shutdown as well as a technical default pose risks to the economy but are not expected to derail full-year growth of 2.0 percent, according to the Fannie Mae Economic & Strategic Research Group’s August 2017 Economic and Housing Outlook.

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  • ​Home prices jump 6.2% in Q2, eclipse 2016 high

    8/16/2017 12:14:56 PM

    The headstrong supply and demand imbalances in much of the country slightly tempered the pace of sales and caused home prices to maintain their robust growth in the second quarter, according to the latest quarterly report by the National Association of Realtors.

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  • Eight essential strategies for achieving business longevity

    8/15/2017 6:51:36 AM

    Long-term success takes more than hard work and a little luck. Leaders and entrepreneurs who achieve exceptional business longevity share eight business practices that move them to long-term success.

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  • Email encryption: A no-brainer in the age of wire fraud

    8/14/2017 3:58:17 PM

    Real estate agents are being advised to take extra precautions with their email usage such as frequently changing passwords, refraining from clicking on links sent via email or opening attachments and opening up a fresh, new email to send to your contacts. But there is an additional security measure that Security Expert Matthew Froning highly recommends: Email encryption. Read on for the details

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  • Three tips to win the toughest bidding war for your clients

    8/14/2017 9:41:43 AM

    Since 25 percent of buyers turn to an agent for the primary purpose of getting help negotiating the price and terms of their purchase (2016 NAR Profile of Home Buyers and Sellers), this is your time to shine.

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  • How to make difficult clients happy

    8/11/2017 1:13:34 PM

    Human emotions play a significant role in the home-buying and -selling process. As a real estate professional, you work in the service industry and deal with these emotions every day. Luckily for you, many clients are happy and thrilled to start their new life — but that isn't always the case. Difficult clients are part of the business, but with a few tips, you can turn a hardship into a profit.

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  • Seven success traits from ‘The Emigrant Edge’

    8/10/2017 8:01:50 AM

    In his forthcoming book, "The Emigrant Edge: How to Make It Big in America," Brian Buffini shares the secret to his success: a mix of seven qualities that make up the Emigrant Edge.
     

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  • ​Relocation clients: Tips and challenges

    8/9/2017 1:46:34 PM

    There's no doubt about it — clients who are relocating from another city, state, or country present unique opportunities, challenges, and rewards for real estate professionals. Learning specifically how to help relocation clients can make the process easier and more enjoyable for everyone.

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  • ​Housing market continues to make gains, permits fail to keep pace

    8/8/2017 7:11:03 AM

    National Association of Home Builders/First American Leading Markets Index released Aug. 7, measures current home price, permit and employment data to plot the economic health of an individual market. Based on the 337 markets tracked by the index, nationwide markets are now running at an average of 102 percent of normal housing and economic activity.

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  • NAR reports increase in commercial income, sales transaction volume

    8/7/2017 1:01:26 PM

    Commercial real estate markets continue to improve, with Realtors specializing in commercial real estate reporting both an increase in member’s gross income and sales volume, according to the National Association of Realtors 2017 Commercial Member Profile.

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  • ​BLS reports 209,000 new jobs added in July

    8/4/2017 1:46:29 PM

    Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, professional and business services, and health care.

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  • ​Commercial/multifamily borrowing up 20% YOY

    8/3/2017 12:39:51 PM

    According to the Mortgage Bankers Association's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, second quarter 2017 commercial and multifamily mortgage loan originations were 20 percent higher than during the same period last year and 28 percent higher than the first quarter of 2017.

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  • Home prices up 6.7% YOY in June, 5.2% increase expected through June 2018

    8/2/2017 9:02:56 AM

    CoreLogic reports that home prices are nearly 50 percent higher than the March 2011 bottom, as prices continue to escalate under tight inventory conditions.

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  • NAR Member Profile report shows income, transactions up in 2016

    8/1/2017 2:28:39 PM

    According to NAR's Member Profile report, the median sales volume for brokerage specialists increased to $1.9 million in 2016 from $1.8 million in 2015. The typical real estate agent had 12 transactions in 2016, up from 11 in the year prior.

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  • GDP increases at annual rate of 2.6% in Q2

    7/31/2017 9:38:34 AM

    Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017, according to the advance estimate released by the Bureau of Economic Analysis (BEA). In the first quarter, real GDP increased 1.2 percent.

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  • Labor shortfall, exacerbated by immigration enforcement, difficulty attracting millennials, slows homebuilding prospects

    7/31/2017 5:14:36 AM

    Freddie Mac released its monthly Outlook for July, which analyzes the reasons that residential construction is falling behind the housing demand, Freddie Mac reports slowing housing production is in part due to a labor shortfall exacerbated by increasing immigration eforcement. 

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  • Snapchat vs. Instagram: Which one is for you?

    7/27/2017 2:52:16 PM

    As a real estate agent using social media to drive leads to your business, you can't help but wonder which of these two social sites — Snapchat or Instagram — is better. Here's a quick overview of some of the features and comparisons.

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  • ​Existing home sales retreat 1.8 percent in June

    7/26/2017 8:40:00 AM

    Existing-home sales slipped in June as low supply kept homes selling at a near record pace but ultimately ended up muting overall activity, according to the National Association of Realtors. Only the Midwest saw an increase in sales last month.

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  • Keep eyes off your prize: Why multi-factor authentication is a must

    7/26/2017 8:11:13 AM

    A data breach or unauthorized access could open the door to costly litigation or settlements. This doesn't mean the industry should reverse its digital momentum, but it does mean that real estate professionals should be smart with their digital tools and use identity-authentication measures to assure only intended parties can access documents and data online.

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  • ​CFPB proposes changes to mortgage data rule reporting threshold for community banks and credit unions

    7/25/2017 10:58:16 AM

    The CFPB has issued a proposal on reporting requirements for banks and credit unions that issue home-equity lines of credit, increasing the threshold to 500 loans through calendar years 2018 and 2019 so that the bureau can consider whether to make a permanent adjustment.

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  • Trade groups laud House NFIP reauthorization bill, as expiration date looms

    7/24/2017 11:19:13 AM

    The National Association of Home Builders and the National Association of Realtors both issued statements lauding the House Financial Services Committee for its efforts to craft a viable, long-term flood insurance reauthorization bill that they say will keep the National Flood Insurance Program fiscally sound.

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  • Builder confidence slips two points in July, remains solid

    7/21/2017 10:22:47 AM

    Builder confidence in the market for newly-built single-family homes slipped two points in July to a level of 64 from a downwardly revised June reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). It is the lowest reading since November 2016.

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  • ​If housing is so affordable, why doesn’t it feel that way?

    7/20/2017 9:42:23 AM

    Freddie Mac released its Insight for July, which examines some of the factors and perceptions that can make purchasing a home seem out of reach that aren't always reflected in housing affordability indices.

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  • ​Guiding homebuyers through the new credit reporting ‘fixes’

    7/19/2017 4:45:54 PM

    Credit reporting standards are changing for the good this year, as a result of a 2015 settlement with 31 state attorneys general and increased supervision by the Consumer Financial Protection Bureau (CFPB). But, as a real estate agent or lender, you may need to put the brakes on your homebuyers’ euphoria.

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  • Building stronger client relationships: 5 ways to get social

    7/19/2017 8:43:01 AM

    Strong client relationships mean more referrals and loyalty when it's time for a couple to upgrade from their starter home to a bigger one. When it comes to the basics, using social media platforms isn't much different than social strategy and interaction in real life.

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  • Natural born leaders: The women in charge at BHHS Fox & Roach

    7/19/2017 8:30:02 AM

    While statistics from the National Association of Realtors show that 62 percent of Realtors are women, the broker and executive level of the real estate business is still predominantly occupied by men. Fortunately, the tides are turning and more women are taking their place among the industry's upper echelon.

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  • ​Expansion expected to decelerate in second half

    7/17/2017 8:56:44 AM

    Expectations for 2017 economic growth remain at 2.0 percent amid a projected second half slowdown, according to the Fannie Mae Economic & Strategic Research (ESR) Group’s July 2017 Economic and Housing Outlook.

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  • ​ALTA says CFPB missed opportunity to ease consumer confusion

    7/17/2017 8:47:18 AM

    The American Land Title Association said the Consumer Financial Protection Bureau’s failure to address title insurance pricing in its recent Final Amendments to Federal Mortgage Disclosure Requirements was a “missed opportunity” to clear up confusion for consumers.

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  • Get smart about prospecting for big profit

    7/14/2017 8:15:46 AM

    Want to boost your bottom line and see the results in just 90 days? If you're unhappy with the number of pending transactions or the lack of listings in your pipeline, you might need better prospecting habits.

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  • CoreLogic: Mortgage performance continues steady improvement in April

    7/13/2017 6:56:49 AM

    CoreLogic released its monthly Loan Performance Insights Report, which shows that, nationally, 4.8 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in April 2017. This represents a 0.5 percentage point decline in the overall delinquency rate compared with April 2016 when it was 5.3 percent.

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  • The secret formula for creating a brand

    7/13/2017 6:48:17 AM

    Did the Coca-Cola brand become iconic because it tastes better than any other soft drink? Or could it be the marketing instead? And if it wasn't the specific messaging that was important, was it rather the consistency of the messaging? Here are some tips to consistently remind your database that you're ready, willing and able to help them, or anyone they know, buy or sell a home.

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  • ​Consumers’ confidence in home-selling environment strengthens

    7/12/2017 8:06:21 AM

    The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 2.1 percentage points in June to 88.3, matching the all-time high from February of this year. The rise can be attributed to increases in four of the six HPSI components.

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  • CFPB finalizes TRID amendment allowing CD to be shared

    7/11/2017 7:00:47 AM

    The Consumer Financial Protection Bureau (CFPB) announced July 7 that it finalized updates to its “Know Before You Owe” mortgage disclosure rule, including clarifying that it is “usual, accepted, and appropriate for creditors and settlement agents to provide a Closing Disclosure to consumers, sellers, and their real estate brokers or other agents.”

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  • How agents can achieve better visibility with first-time homebuyers

    7/10/2017 8:15:02 AM

    Most millennials are first-time homebuyers, which means any agent aiming to attract new clients has to get in front of this demographic. There are a number of ways agents can achieve better visibility with first-time homebuyers.

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  • Employment increases exceed estimates, 222,000 jobs added in June

    7/7/2017 10:24:19 AM

    Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care, social assistance, financial activities, and mining.

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  • Positive vs. negative leadership: 5 scenarios

    7/6/2017 7:48:42 AM

    The average modern-day workplace is far from positive. Everybody is already tense and on edge due to work demands, stress, office politics, and the economy. Add in a pessimistic, angry leader, and you've got a bigger problem. In fact, a recent Gallup poll estimates that negativity costs the economy $250-300 billion a year and affects the morale, performance, and productivity of teams.

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  • Will the Hispanic homeownership gap persist?

    7/6/2017 7:27:43 AM

    Freddie Mac released its Insight for June, which looks at the gap in the Hispanic homeownership rate and explores if it will persist over time.

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  • Survey: Homeowners believe it’s a good time to sell

    7/5/2017 8:35:53 AM

    Existing housing inventory has declined year over year each month for two straight years, but new consumer findings from the National Association of Realtors offer hope that the growing number of homeowners who think now is a good time to sell will eventually lead to more listings.

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  • Bank economists: Moderate growth to continue through 2018

    7/5/2017 8:25:46 AM

    Consumer spending has supported a prolonged expansion that is expected to continue, according to the consensus view of 15 chief economists from among the largest North American banks. 

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  • ​New home sales rise 2.9%, pending home sales slump

    6/30/2017 6:47:39 AM

    HUD reported sales of newly built, single-family homes in May rose 2.9 percent to a seasonally adjusted annual rate of 610,000 units, but NAR said ongoing supply shortages caused pending home sales in May to slump for the third consecutive month. None of the major regions saw an increase in contract activity last month.

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  • Multifamily market fundamentals continue to moderate

    6/30/2017 6:10:22 AM

    Freddie Mac released its quarterly update to the Multifamily Apartment Investment Market Index, showing a decrease over the first quarter of 2017 and over the past 12 months.

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  • More lenders plan to ease credit standards

    6/29/2017 12:15:05 PM

    More mortgage lenders say they have eased credit standards recently and expect further easing in the coming months, according to Fannie Mae’s second quarter 2017 Mortgage Lender Sentiment Survey.

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  • Take your profits through the roof

    6/28/2017 5:34:18 PM

    There are many ways to maximize your profits. In addition to increasing the number of transactions you close and/or increasing the average sales price of the homes you sell, there are other time-proven tactics that involve working smarter, not harder.

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  • ​Defect, fraud and misrepresentation risk heats up

    6/27/2017 2:11:01 PM

    The First American Loan Application Defect Index showed that the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased 2.5 percent in May 2017 as compared with the previous month.

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  • House committee completes markup of bills to reform NFIP

    6/27/2017 12:43:40 PM

    The House Financial Services Committee met July 21 to complete deliberation of and pass five measures to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire on Sept. 30.

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  • ​ABA Survey: Mortgage borrowers want both tech and in-person services

    6/22/2017 10:50:49 AM

    Sixty percent of Americans agree that while they use online resources for research, they prefer to apply for a mortgage in person, according to a new survey from the American Bankers Association. The survey also found down payment challenges and student debt continue to delay home purchases.

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  • Pinterest-perfect home: The long game and long gain of Pinterest

    6/21/2017 5:23:25 AM

    Pinterest is the perfect place to plan your dream home…and the right platform for home builders, real estate agents and professionals in the home industry to reach an audience who is actively searching and planning for their life — from everyday tips and tricks for sprucing up a room to the big life moments like buying or building their dream home.

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  • Fannie Mae: Fiscal, monetary policy could impact rebound

    6/20/2017 4:46:23 AM

    The current economic expansion, now entering its ninth year, is forecast to continue, with full-year growth at 2.0 percent for 2017, according to the Fannie Mae Economic & Strategic Research (ESR) Group’s June 2017 Economic and Housing Outlook.

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  • 5-step exercise to avoid costly time traps

    6/19/2017 4:54:24 AM

    Though everyone gets 24 hours in a day, it's how you choose to spend those 24 hours that's the great differentiator between whether you'll sell five, 50 or 500 homes this year. Use this five-step process, adapted from real estate coach Tom Ferry, to see whether you're harnessing the best use of your time.

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  • Multifamily decline brings overall housing starts down 5.5 percent in May

    6/19/2017 4:35:09 AM

    Led by a decline in multifamily production, nationwide housing starts fell 5.5 percent in May to a seasonally adjusted annual rate of 1.09 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.

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  • ​Builders take legislative priorities to Capitol Hill

    6/15/2017 5:26:24 AM

    More than 800 builders from across the nation marched on Capitol Hill June 14 for the annual National Association of Home Builders (NAHB) Legislative Conference to call on Congress to make housing and homeownership a national priority and to support policies that will keep the housing recovery moving forward.

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  • Closing tips: LE and CD comparison insights for the homebuyer

    6/14/2017 9:52:46 AM

    In the past, HUD's "suggestion" that the buyer be given 24 hours to review the documents prior to signing was considered an improbability – if not an impossibility – for most closings. Today, homebuyers are given three business days to review and compare the original Loan Estimate and the final Closing Disclosure before proceeding to the closing. Here are tips to share with your homebuyers about why they should review the documents, how to compare the numbers and what to do if they find a discrepancy.

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  • CoreLogic: Mortgage delinquencies drop to 10-year low in March

    6/13/2017 11:29:39 AM

    CoreLogic released its monthly Loan Performance Insights Report, which shows that, nationally, 4.4 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in March 2017. This represents a 0.8 percentage point decline in the overall delinquency rate compared with March 2016.

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  • 5 root causes for U.S.’s depressed homeownership rate

    6/13/2017 10:43:36 AM

    Despite steadily improving local job markets and historically low mortgage rates, the U.S. homeownership rate is stuck near a 50-year low because of a perverse mix of affordability challenges, student loan debt, tight credit conditions and housing supply shortages.

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  • Why is it so hard to pick up the phone?

    6/9/2017 9:02:20 AM

     I have seen many agents transform their perspective on prospecting by realizing they weren't calling to "take" anything; they were calling to "offer" their valuable expertise.

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  • A seller’s market? Consumers express diverging sentiments

    6/8/2017 1:26:21 PM

    According to the Fannie MAE HPSI, the net share of Americans who reported that now is a good time to buy a home reached a record low after falling 8 percentage points, while the net share who reported that now is a good time to sell a home reached a record high, increasing 6 percentage points.

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  • Financial institution regulatory agencies issue advisory on appraiser availability

    6/7/2017 7:30:14 AM

    Responding to concerns over the limited availability of state-certified and licensed appraisers, particularly in rural areas, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency today issued an advisory that highlights two options to help insured depository institutions and bank holding companies facilitate the timely consideration of loan applications.

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  • How to Become a Problem Solver

    6/6/2017 5:43:13 AM

    ​Every day challenges arise. They may be minor, such as being behind in your monthly marketing efforts. Other times, it's something bigger, such as a transaction that threatens to fall through or an angry client. Agents who are problem solvers aren't daunted by these challenges; instead, they handle them with confidence, knowing they're doing the right thing for their clients. So how can you turn into a problem solver?

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  • Report: Tax reform could deliver a tax hike for homeowners

    6/5/2017 9:31:07 AM

    While tax reform proposals swirling around Washington, D.C., promise lower tax bills for American families, recently released estimates indicate that many middle-income homeowners may actually see a tax increase if those proposals go through.

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  • ​Unemployment at 4.3 percent, as economy adds 138,000 jobs

    6/2/2017 1:32:54 PM

    Total nonfarm payroll employment increased by 138,000 in May, and the unemployment rate was little changed at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and mining.

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  • ​The Fed reports modest to moderate growth across districts

    6/1/2017 9:21:41 AM

    Most of the 12 Federal Reserve Districts reported that their economies continued to expand at a modest or moderate pace from early April through late May, in the May 31 release of the Beige Report. Construction of new homes and nonresidential structures also continued to grow at modest to moderate rates, as did sales of existing homes. Most districts reported that nonresidential leasing picked up a bit.

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  • ​Foreign buyers, immigrants expected to drive future demand for U.S. housing

    5/30/2017 8:58:14 AM

    U.S. real estate markets are increasingly becoming international, and changing demographics brought forth by immigration and growing interest from foreigners are positioned to bolster home sales activity and prices. 

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  • NAR reports an upbeat outlook for commercial markets in 2017

    5/30/2017 8:37:52 AM

    NAR Chief Economist Lawrence Yun led a panel discussion about the economic forces shaping commercial real estate markets; the panelists agreed that the market has improved and that continued growth in the economy will further drive activity, but difficulties remain regarding availability of financing for smaller commercial properties.

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  • CFPB seeks feedback on ATR/QM Rule

    5/26/2017 11:09:05 AM

    The Consumer Financial Protection Bureau is conducting an assessment of the Ability to Repay/Qualified Mortgage Rule and is seeking public comment on its plans for the assessment as well as certain recommendations and information that may be useful in conducting the planned assessment.

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  • FDIC-insured institutions earn $44B in Q1, ABA addresses potential rate hikes

    5/25/2017 9:30:32 AM

    Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reported aggregate net income of $44 billion in the first quarter of 2017, up $5 billion (12.7 percent) from a year earlier.

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  • From differentiation to distinction

    5/24/2017 10:57:46 AM

    Smart agents understand the urgency to make simple, high-impact changes that create true uniqueness. Here are a few ideas to create a top-value experience that makes you stand out from the crowd:

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  • ​Freddie Mac: Housing gets off to a good start

    5/24/2017 10:39:27 AM

    Freddie Mac released its monthly Outlook for May, which highlighted the fact that the U.S. housing market is on track to eclipse last year despite weak economic growth.

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  • Luck doesn't sell listings, copy points do

    5/23/2017 10:15:32 AM

    Every buyer starts their real estate search with a list of features which can return hundreds or thousands of matching homes online. Make your listing a must-see by describing the benefits of your listing instead of simply listing the features.

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  • ​How will interest rate increases affect your home sale?

    5/23/2017 10:08:57 AM

    As the Fed began nudging up interest rates in March, I wondered what it might mean for the housing market. So we turned to K.C. Sanjay, Senior Real Estate Economist at Axiometrics.com, who recently blogged about the subject.

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  • 10 safety tips to apply before your next open house

    5/19/2017 4:46:51 PM

    Have you ever left your open house feeling like something wasn't right? Trouble is the last thing you want at an open house or showing, so we've compiled the following tips to prevent it from ever appearing.

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  • ​APIs are reshaping business strategy

    5/18/2017 10:07:47 AM

    Businesses are increasingly leveraging digital technologies to reduce errors and costs, speed up transactions, and drive better customer service.Fannie Mae surveyed senior mortgage executives to gather information about data strategy and technological innovation, and, specifically, to understand their experience with two digital technologies: APIs and Chatbots.

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  • Regulations, retention and recruitment pressing issues for appraisal industry

    5/18/2017 9:48:33 AM

    More needs to be done to keep appraisers in the profession and attract new talent. That’s according to panelists yesterday at a property valuation forum at the 2017 Realtors Legislative Meetings & Trade Expo.

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  • Freddie Mac AIMI shows seasonal slowdown, continued strength of multifamily market

    5/17/2017 9:37:27 AM

    For the fourth quarter of 2016, AIMI captured the market’s typical seasonal slowdown, with quarterly declines nationally and in all 14 major metropolitan markets it tracks.

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  • Carson, Wright tackle FHA, NFIP programs at NAR conference

    5/17/2017 9:26:18 AM

    ​HUD Secretary Dr. Ben Carson and FEMA's Roy Wright addressed homeownership programs and the future of NFIP, two issues high on the NAR agenda, during the Regulatory Issues Forum at the 2017 Realtors Legislative Meetings & Trade Expo in Washington, DC.

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  • Fannie Mae: Q2 rebound likely to follow Q1 slowdown

    5/16/2017 10:01:32 AM

    For the fourth consecutive year, first quarter growth slowed from the fourth quarter, partly reflecting ongoing seasonality issues. However, incoming data suggest that consumer spending growth will pick up this quarter.

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  • ​April new home purchase mortgage applications drop 4.3 percent YOY

    5/15/2017 8:44:38 AM

    The Mortgage Bankers Association Builder Applications Survey data for April 2017 shows mortgage applications for new home purchases decreased 4.3 percent compared to April 2016. Compared to March 2017, applications decreased by 20 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.

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  • ​Housing affordability registers slight uptick in Q1

    5/12/2017 2:15:59 PM

    Rising wages and moderating home prices offset a rise in mortgage interest rates to give housing affordability a slight boost in the first quarter of 2017, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.

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  • ​Mortgage applications increase in latest MBA weekly survey

    5/11/2017 10:54:24 AM

    Mortgage applications increased 2.4 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending May 5.

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  • Expanding your business through innovation

    5/10/2017 8:33:54 AM

    This is the mindset needed to take your business to places it's never been. Where are the empty spaces — the opportunities — in which your business can become a pioneer?

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  • ​Fannie Mae, Freddie Mac submit Duty to Serve Underserved Markets Plans

    5/9/2017 9:22:29 AM

    Fannie Mae and Freddie Mac this week submitted their Duty to Serve Underserved Markets Plans to the Federal Housing Finance Agency for public comment.

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  • ​How to network smarter

    5/8/2017 10:10:36 AM

    Business is built on relationships. For many entrepreneurs whose small businesses are thriving, successful networking is one of the most common threads.The following tips can help small business owners make the most of networking events.

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  • Consumer confidence on the rise

    5/8/2017 10:03:49 AM

    The Fannie Mae HPSI increased 2.2 percentage points in April to 86.7. The net share of Americans who reported that now is a good time to buy a home increased 5 percentage points, and consumers also expressed greater confidence about the stability of their jobs.

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  • Risky business: Managing your social media persona

    5/5/2017 9:09:18 AM

    As a real estate agent, using social media as part of an overall marketing strategy is a must in an age where statistics show that 90 percent of homebuyers are online during some part of their home-buying process. However, there are legal and professional risks in this new environment that must be recognized.

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  • New jobs numbers exceed expectation

    5/5/2017 9:02:19 AM

    Total nonfarm payroll employment increased by 211,000 in April, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. 

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  • Ellie Mae: ‘Midwest is Best’ for millennial homebuyers

    5/4/2017 11:51:34 AM

    Millennial homebuyers continued to favor Midwestern states where prices remain comparatively more affordable, the latest Ellie Mae Millennial Tracker found. 

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  • ​Strong sellers' market sends defect, fraud risk higher

    5/3/2017 8:00:28 AM

    First American’s Loan Application Defect Index showed a 3.9 percent increase in defects, fraud and misrepresentation in the information submitted in mortgage loan applications in March as compared with the previous month.

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  • ​Pending home sales dip 0.8 percent in March

    5/2/2017 10:17:12 AM

    Pending home sales in March maintained their recent high level, but momentum slackened slightly in most of the country as dearth supply weighed on activity, according to the National Association of Realtors. Only the South saw an uptick in contract signings last month. 

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  • The Evolution of Teams

    5/1/2017 6:07:28 AM

    Real estate teams are constantly evolving, but like it or not, they're here to stay. I've been a team leader for over 27 years, and I can tell you that teams are getting bigger, and they're dominating real estate markets across the country.

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  • How your business can prep for an online PR crisis

    4/28/2017 7:48:48 AM

    As a business owner, you’re likely in constant preparation mode. Having an online crisis plan in place is a necessity, according to MarxLayne.com. When dealing with a disrupting event that spreads online, organizations should consider the following fundamental guidelines.

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  • ​CoreLogic: 5.3 % of homeowners late on mortgage payments in January

    4/28/2017 7:31:42 AM

    CoreLogic released a new monthly Loan Performance Insights Report, which shows that 5.3 percent of mortgages were delinquent by at least 30 days or more (including those in foreclosure) in January 2017. This represents a 1.1 percentage point decline in the overall delinquency rate compared with January 2016 when it was 6.4 percent.

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  • Title insurance on new construction? Yes, and here’s why!

    4/27/2017 7:08:34 AM

    Your buyers are purchasing a newly constructed single-family home or a condo in a newly-built development. Why, they may ask, do they need to pay for title insurance on property that no one has ever owned?

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  • From busy to productive: Lessons from a lead-generating pro

    4/26/2017 8:30:33 AM

    One of the biggest struggles real estate agents face is managing their businesses. While many agents create daily to-do lists, they often get so wrapped up in the emergencies that arise that they never get around to what's most important. Learn how a coach can help you get refocused.

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  • Single-family production falls

    4/25/2017 7:47:38 AM

    Following an elevated February reading, nationwide housing starts fell 6.8 percent in March to a seasonally adjusted annual rate of 1.22 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Still, new housing production in the first quarter of this year is running 8.1 percent above the pace in 2016.

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  • ​MBA offers detailed GSE reform proposal

    4/24/2017 8:40:06 AM

    The Mortgage Bankers Association released a white paper GSE Reform: Creating a Sustainable, More Vibrant, Secondary Mortgage Market that provides a detailed picture of a reformed and revitalized secondary mortgage market.

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  • ​Existing-home sales jumped 4.4% in March

    4/24/2017 8:34:32 AM

    Existing-home sales took off in March to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago, according to the National Association of Realtors. Only the West saw a decline in sales activity in March.

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  • How to spring clean your digital life

    4/21/2017 7:04:28 AM

    Spring cleaning may call you to empty those closets, wash the windows and lug mountains of items to the local thrift store. But have you ever considered paying the same attention to your digital spaces?

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  • ​Builder confidence holds firm in April

    4/20/2017 10:36:16 AM

    Builder confidence in the market for newly-built single-family homes remained solid in April, falling three points to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index  after an unusually high March reading.

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  • ​Profits up in 2016 for independent mortgage bankers

    4/19/2017 9:51:24 AM

    Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015, the Mortgage Bankers Association reported in its Annual Mortgage Bankers Performance Report.

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  • Freddie Mac: Renters put moving plans on hold, despite financial optimism

    4/18/2017 3:15:49 PM

    More renters are optimistic about their financial situations but expect to stay where they are even if their rents increased, according to new research released today by Freddie Mac.

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  • ​Vacation home sales plummet, investment sales climb in 2016

    4/17/2017 4:40:56 PM

    Last year’s strongest pace of home sales in a decade included a sizeable drop in activity from vacation buyers and a jump from individual investors, according to an annual second-home survey released by the National Association of Realtors

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  • Multifamily property price growth expected to track inflation

    4/14/2017 8:50:26 AM

    Freddie Mac today announced total multifamily origination volumes could increase by three- to six-percent this year, and even top $295 billion, depending on movements in the 10-Year Treasury rate.

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  • Mobile mania: Responding to changing consumer expectations

    4/13/2017 7:03:07 AM

    Mobile technology has drastically changed consumer behavior, preferences and expectations. Real estate professionals are flocking to the latest apps to leverage their user-centricity and speed to transform their interactions with clients. Here are some lessons that can be gleaned from three top mobile technology companies, as well as some best practices real estate agents can apply directly to their own businesses.

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  • How to drive employee engagement

    4/12/2017 7:43:30 AM

    In the U.S., disengaged employees cost organizations an estimated $450–550 billion each year. Behind this impasse lies a critical piece of the engagement puzzle that organizations often overlook: the role and responsibility of individual workers. 

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  • Housing confidence dips amid home price gains, rising rate expectation

    4/11/2017 5:49:23 AM

    The Fannie Mae Home Purchase Sentiment Index decreased 3.8 percentage points in March to 84.5, following February’s survey high. Five of the six components that comprise the HPSI were down.

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  • ALTA releases updates to supplemental best practices materials

    4/10/2017 12:26:23 PM

    The American Land Title Association has released updates to supplemental materials for its Title Insurance and Settlement Company Best Practices.

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  • Mortgage credit more crunched than in 2001: Here’s why

    4/7/2017 9:19:07 AM

    A research paper recently published by the Urban Institute classifies today’s credit environment as “extraordinarily tight” — so tight, in fact, that more than one million mortgages were lost in 2015, the majority of which would have gone to homebuyers with credit scores below 660.

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  • Nurturing your referral network online and offline

    4/6/2017 12:27:52 PM

    Referrals have always been a significant source of business for real estate agents. According to our Referral Report, the close rate of a typical referral is around 50 percent and nearly 40 percent of inbound referrals come from the agent’s sphere of influence (SOI). These findings reinforce the importance of consistently engaging with your sphere of influence both online and offline.

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  • Five effective Facebook tops to close more leads

    4/4/2017 11:36:10 AM

    Leigh Brown is a top-producing Realtor in North Carolina. Last year, her brokerage had 300 transactions worth $75 million in sales. She attributes her success, among other things, to Facebook. Here are some of her tips and tricks from the March 2017 Secrets of Top Selling Agents webinar to create a more effective Facebook presence.

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  • Lower my stress, please

    4/3/2017 10:33:51 AM

    How do I lower my stress while increasing my business? When you're a small business owner, you do everything yourself. But as you grow, you start to realize your real value is in doing money-making activities, not administrative tasks. So where do you start when you can't hire an admin?

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  • Realtors sound the alarm as NFIP expiration looms

    3/30/2017 11:12:46 AM

    The National Flood Insurance Program is once again under the microscope in Washington D.C., as the program is set to expire on Sept. 30. Remembering the uncertainty surrounding the 2010 expiration, and subsequent series of temporary extensions, the National Association of Realtors said it is working closely with federal regulators and members of Congress to strengthen the program.

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  • Pending home sales leap 5.5 percent in February

    3/29/2017 2:16:46 PM

    Pending home sales rebounded sharply in February to their highest level in nearly a year and second-highest level in over a decade, according to the National Association of Realtors. All major regions saw a notable hike in contract activity last month.

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  • Defect, fraud and misrepresentation risk surges higher

    3/28/2017 9:08:09 AM

    The First American Loan Application Defect Index released March 27 showed the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased 4.1 percent in February 2017 as compared with the previous month.

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  • Lenders' economic optimism reaches survey high

    3/27/2017 8:08:59 AM

    Mortgage lender expectations for the economy and home prices reached survey highs amid challenges to profit margins from competition and a shift toward purchase mortgages, according to Fannie Mae’s first quarter 2017 Mortgage Lender Sentiment Survey.

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  • ​New home sales rise 6.1 percent in February

    3/24/2017 3:47:43 PM

    Sales of newly built, single-family homes continued to expand, rising 6.1 percent in February to a seasonally adjusted annual rate of 592,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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  • Appraisal initiatives highlighted in banking agencies report

    3/23/2017 11:20:16 AM

    The federal banking agencies announced this week that are developing a proposal to increase the threshold for requiring an appraisal on commercial real estate loans from $250,000 to $400,000, in order to reduce regulatory burden.

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  • ​ABA welcomes EGRPRA Report, calls for ongoing review of burdensome regs

    3/23/2017 11:14:23 AM

    The American Bankers Association reacted positively to the Economic Growth and Regulatory Paperwork Reduction Act report, issued to Congress on March 21 by the federal banking agencies, but called for a more consistent effort to review burdensome regulations.

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  • Seven crucial facts about FHA loans

    3/21/2017 7:44:59 AM

    Less-rigorous lending standards and lower down payment requirements make FHA loans popular with mortgage borrowers. 

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  • ​Mortgage lending regs, GSE reform, regulatory burden top ICBA policy priorities

    3/20/2017 9:02:47 AM

    The Independent Community Bankers of America announced its top legislative and regulatory priorities for 2017. ICBA made the announcement at its ICBA Community Banking LIVE national convention in San Antonio.

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  • Data Dilemma: Developing a risk management protocol

    3/17/2017 9:25:56 AM

    Negligence is the cause of 79 percent of all data breaches. And 50 percent of all data breaches are caused by employees. Auditing your data, putting best practices in place, and educating your staff and agents about the potential threats can go a long way to mitigating data breaches. Read on to learn how.

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  • Consumer confidence in economy on the rise

    3/16/2017 8:08:47 AM

    According to a NAR survey, in the first three months of 2017, the share of households believing the economy is improving soared to its highest share in the survey's five-quarter history (62 percent), and is up from 54 percent last quarter and 48 percent in March 2016.

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  • ​Builder confidence hits 12-year high

    3/15/2017 9:51:45 AM

    Builder confidence in the market for newly-built single-family homes jumped six points to a level of 71 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the highest reading since June 2005.

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  • February new home mortgage applications increase 2.2 percent YOY

    3/15/2017 9:49:09 AM

    The MBA Builder Application Survey data for February 2017 shows mortgage applications for new home purchases increased 2.2 percent compared to February 2016. Compared to January 2017, applications increased by 16 percent relative to the previous month.

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  • Wire Fraud: 7 ways to protect your clients from an ongoing threat

    3/14/2017 7:54:56 AM

    The FBI reported last year that U.S. citizens suffered losses of nearly $180 million dollars as a result of business email wire fraud. What can you do to caution your clients about wire fraud scams and how to avoid them? Read on for some safeguards you can put into place.

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  • Commercial/multifamily delinquencies remain low in Q4

    3/13/2017 1:09:28 PM

    Delinquency rates for commercial and multifamily mortgage loans remained low in the fourth quarter of 2016, according to the Mortgage Bankers Association's Commercial/Multifamily Delinquency Report.

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  • The Power of Listings

    3/10/2017 7:49:54 AM

    Many times, teams focus on generating buyer leads, spending thousands of dollars chasing internet leads that primarily drive more buyers. While I don't have a problem paying for leads, the team leader should focus primarily on listings and building their listing inventory. Here are a few things our high-volume listing clients do to ensure their team's success with listings.

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  • Big jump in construction jobs feeds employment gains in February

    3/10/2017 7:36:53 AM

    Total nonfarm payroll employment increased by 235,000 in February, and the unemployment rate was little changed at 4.7 percent, the U.S. Bureau of Labor Statistics reported today. Construction employment increased by 58,000, with gains in specialty trade contractors  and in heavy and civil engineering construction. Construction has added 177,000 jobs over the past 6 months.

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  • Three seller tips to avoid home inspection nightmares

    3/9/2017 9:07:48 AM

    It's your job as an agent to keep sellers calm and focused on the big picture; however, when it comes to home inspections, most homeowners aren't used to having a stranger peer into their attic, open every cupboard and closet or test every appliance.  Since maintaining your cool is a must, here are three tips for navigating the home inspection process with your clients.

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  • NAR survey finds Gen X on the mend

    3/8/2017 8:24:26 AM

    An improving economy, multiple years of strong job growth and the notable increase in home values in most markets fueled a greater share of purchases from Generation X households over the past year.

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  • ​Consumer confidence in housing hits all-time high

    3/8/2017 8:15:34 AM

    The Fannie Mae Home Purchase Sentiment Index (HPSI) increased by 5.6 percentage points in February to 88.3, a new all-time high. Five of the six components that comprise the HPSI were up, and three hit record highs.

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  • CFPB report outlines credit reporting problems, actions taken

    3/6/2017 9:18:49 AM

    The Consumer Financial Protection Bureau (CFPB) released a report on March 2, detailing the problems in the credit reporting industry that the Bureau has uncovered and corrected through its oversight work.

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  • Power broker strategies: Leveling the playing field

    3/3/2017 8:15:18 AM

    In 2017, Marti Hampton, broker/owner of RE/MAX One Realty, feels the greatest opportunity for real estate agents is to focus on one thing — whether it be condos, new construction or being a seller’s agent —  and dominant the marketshare in that one area.

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  • ​Federal Reserve reports continued modest to moderate expansion

    3/2/2017 10:29:10 AM

    Reports from all 12 Federal Reserve Districts indicated that the economy expanded at a modest to moderate pace from early January through mid-February. Real estate and lending continued to show steady growth.

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  • Using technology to gain repeat customers and protect your business

    3/2/2017 10:17:16 AM

    Leveraging technology in your business should be one of your top priorities, and with the variety of services from which to select, you must be an expert at choosing the right technology at the right time.

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  • ​Freddie Mac outlook explores potential impact of rising inflation

    3/1/2017 8:20:49 AM

    Freddie Mac released its monthly outlook for February, looking at the potential impact rising inflation could have on the housing and mortgage markets under various scenarios as markets prepare for the start of the spring homebuying season.

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  • ​Adding a new twist to 'tried and true'

    2/28/2017 3:32:02 PM

    Somebody once said, "If we keep on doing what we've been doing, we'll get the same results," which works just great if you happen to be on the right track to begin with. But in today's ever-changing real estate market, there's a new variable every day.

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  • Foreclosures fall 82 percent from recession peak

    2/28/2017 3:22:11 PM

    Foreclosures are continuing their exodus from the housing market, with foreclosure inventory falling 30 percent and foreclosure completions falling 40 percent in 2016, according to CoreLogic's December 2016 National Foreclosure Report.

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  • 5 habits that boost productivity, generate leads and lead to success

    2/27/2017 9:24:20 AM

    There is no secret to reaching lasting success; however, if you take a hard look at your habits, you'll see what's holding you back from becoming more successful. Our habits — those things we do automatically every day — can either help or hinder us on our journeys to achieving our goals. Here are five good habits to adopt this year.

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  • Eight promises you can make to every real estate client

    2/24/2017 10:01:40 AM

    Successful real estate professionals have their clients’ best interests at heart. They are committed to helping buyers and sellers make the best possible real estate decisions. But what’s the best way to communicate this commitment to potential clients? One way is to put it in writing.

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  • It’s good to be a seller: Sales see highest profits since 2007

    2/24/2017 9:56:59 AM

    It's a good time to be a seller. Home sellers in 2016 saw the highest profits since 2007, averaging a 21 percent gain, or $38,206, according to ATTOM Data Solutions' Year-End 2016 U.S. Home Sales Report. 

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  • ​MBA releases 2016 year-end commercial/multifamily servicer rankings

    2/23/2017 8:09:07 AM

    MBA released its year-end ranking of commercial and multifamily mortgage servicers' volumes as of Dec. 31, 2016.  At the top of the list of firms is PNC Real Estate/Midland Loan Services with $517.5 billion in U.S. master and primary servicing, followed by Wells Fargo Bank N.A. with $505.2 billion, Berkadia Commercial Mortgage LLC with $221.7 billion, KeyBank National Association with $205.6 billion, and CBRE Loan Services with $112.0 billion.

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  • ​Existing-home sales jump in January

    2/22/2017 10:32:49 AM

    Existing-home sales stepped out to a fast start in 2017, surpassing a recent cyclical high and increasing in January to the fastest pace in almost a decade, according to the National Association of Realtors. All major regions except for the Midwest saw sales gains last month.

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  • Housing affordability hits eight-year low, remains favorable

    2/21/2017 8:32:34 AM

    Shortages of buildable lots and skilled labor, along with excessive regulations, rising mortgage interest rates and ongoing home price appreciation pushed housing affordability in Q4 2016 to its lowest point since the Q3 2008, according to the National Association of Home Builders /Wells Fargo Housing Opportunity Index.

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  • January new home purchase mortgage applications increase year over year

    2/21/2017 8:16:41 AM

    The Mortgage Bankers Association Builder Application Survey data for January 2017 shows mortgage applications for new home purchases increased 9.2 percent compared to January 2016. Compared to December 2016, applications increased by 22 percent relative to the previous month.

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  • ​Policy uncertainty remains at the center of modest growth expectations

    2/17/2017 9:55:34 AM

    Conservative growth expectations for 2017 persist as the markets continue to weigh the unfolding policies of the new Administration, according to the Fannie Mae Economic & Strategic Research Group’s February 2017 Economic and Housing Outlook. 

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  • Flood insurance expert advises real estate agents to educate themselves about flood risk, insurance

    2/16/2017 9:32:21 AM

    In a session titled Never Underestimate Your Client’s Flood Risk at the National Association of Realtors Expo, Melanie Graham with H20 Partners Inc. emphasized how critical it is for real estate agents to be educated about the flood zoning in their areas, and how that knowledge can be a “value add” to the services they offer.

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  • ​CFPB explores impact of alternative data on credit access for consumers

    2/16/2017 8:25:59 AM

    The Consumer Financial Protection Bureau has launched an inquiry into ways to expand access to credit for consumers who are credit invisible or who lack enough credit history to obtain a credit score.

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  • Creating distinctive client value in destination services

    2/15/2017 7:55:26 AM

    We often hear from relocation directors and their brokers that they are feeling disenfranchised these days. Their core services for incoming transferees – personalized, needs-based, locally expert and top-agent supported – are too often bypassed by an internet-oriented generation that equates “electronic” with “faster and better.”

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  • How to generate more leads in 2017

    2/14/2017 7:55:55 AM

    As a real estate professional, you know that leads are the lifeblood of your business. There are many ways to generate leads, whether through traditional means such as cold-calling and door-knocking, or through more reliable means such as asking for referrals from past and current clients and connections. Remember, the more leads you generate, the more business you'll close. 

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  • Leadership views of C-suite and millennial execs

    2/13/2017 10:33:08 AM

    With each passing day, millennial leaders assume an increasing role in steering both the nation's economy and the organizations that comprise it. Yet the subject of their leadership lacks adequate research, with widespread assumptions painting an often inaccurate picture.

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  • Swift gains in Q4 push home prices to peak levels

    2/10/2017 8:29:25 AM

    The best quarterly sales pace of the year pushed available housing supply to record lows and caused price appreciation to slightly speed up in the final three months of 2016, according to the latest quarterly report by the National Association of Realtors. 

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  • New RIHA study details shifts in rented versus owner-occupied homes

    2/9/2017 11:24:45 AM

    The Research Institute for Housing America (RIHA) today released a new study examining the shift of existing housing stock between owner-occupied and rental over time.

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  • ​Mortgage credit availability increases in January

    2/8/2017 10:27:10 AM

    Mortgage credit availability increased in January according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool.

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  • Rosier economic sentiment boosts housing attitudes in January

    2/8/2017 7:48:13 AM

    The Fannie Mae Home Purchase Sentiment Index increased by 2 percentage points in January to 82.7, ending a five-month decline. Four of the six components that comprise the HPSI were up in January.

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  • 55+ housing market ends Q4 at record high

    2/6/2017 8:09:11 AM

    Builder confidence in the single-family 55+ housing market remains strong in the fourth quarter of 2016 with a reading of 67, up eight points from the previous quarter, according to the National Association of Home Builders' 55+ Housing Market Index released Feb. 3.

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  • Retail trade, construction, financial sector boost employment numbers

    2/3/2017 9:00:04 AM

    Total nonfarm payroll employment increased by 227,000 in January, and the unemployment rate was little changed at 4.8 percent, the U.S. Bureau of Labor Statistics reported Feb. 3. Job gains occurred in retail trade, construction and financial activities.

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  • MBA outlines recommendations for GSE reform

    2/2/2017 2:58:02 PM

    The Mortgage Bankers Association released a paper outlining its recommended approach for secondary mortgage market reform, with the objective of ending the conservatorship of Fannie Mae and Freddie Mac and establishing a new, durable foundation for the secondary mortgage market. 

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  • U.S. middle market finishes 2016 with strong performance

    2/1/2017 7:34:30 AM

    U.S. middle market companies reported an average revenue growth of 6.9 percent in the fourth quarter of 2016, capping off a strong year of overall growth, according to the National Center for the Middle Market (NCMM). Combined with steady job gains, this finding from the NCMM's Q4 2016 Middle Market Indicator (MMI) points to strong fundamentals for middle market firms in 2017

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  • On the Job: How to Get More Done Each Day

    1/31/2017 7:35:38 AM

    Believe it or not, some simple adjustments in your daily habits can yield a more productive day and let you get a handle on your workload again. 

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  • ​New home sales post highest yearly total since 2007

    1/30/2017 11:25:50 AM

    Sales of newly built, single-family homes rose 12.2 percent in 2016 to 563,000 units, the highest annual rate since 2007, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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  • Freddie Mac announces top multifamily lenders in 2016

    1/27/2017 9:01:23 AM

    Freddie Mac published a list of the 11 lenders who transacted the most multifamily financing volume with the company in 2016. Through these and other lenders, Freddie Mac Multifamily posted a record $56.8 billion in new multifamily volume last year, financing more than 738,000 rental units.

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  • CoreLogic: Flooding, damaging wind most destructive natural hazards in 2016

    1/27/2017 8:56:43 AM

    CoreLogic released its annual Natural Hazard Risk Summary and Analysis, which shows relatively average or below-average activity for most U.S. natural hazards with the exception of flood and wind, both of which saw above-average activity, due in large part to Hurricane Matthew.

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  • Existing-home sales slide in December; 2016 sales best since 2006

    1/26/2017 6:38:58 PM

    Existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels, according to the National Association of Realtors.

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  • ​Bank economists see tighter labor market driving wages higher

    1/25/2017 8:23:28 AM

    ​The U.S. economy will grow steadily through next year, creating more jobs and higher wages, according to the Economic Advisory Committee of the American Bankers Association. The group forecasts inflation-adjusted GDP growth of 2.1 percent this year and 2.3 percent in 2018, up from 2.0 percent last year.

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  • ​Three new Instagram features and what they mean for real estate

    1/24/2017 9:56:52 AM

    When Instagram released major updates back in August, users were introduced to Stories, a photo-sharing opportunity similar to Snapchat. With the popularity of Stories increasing, Instagram has created additional features to make the platform even more unique.

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  • ​Political uncertainty tempers housing outlook

    1/24/2017 9:47:34 AM

    Despite a strong year-end performance by the stock market and a post-election jump in confidence among consumers and businesses, limited information on the new administration’s potential economic policies led to a conservative 2017 growth projection of 2.0 percent, according to the Fannie Mae's research group.

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  • ​Nationwide housing production up 11.3% in December on multifamily surge

    1/20/2017 3:18:42 PM

    A surge in multifamily production resulted in overall nationwide housing starts rising 11.3 percent to a seasonally adjusted annual rate of 1.23 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Single-family starts dropped 4 percent to a seasonally adjusted annual rate of 795,000 units.

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  • Foreign real estate investors not dissuaded by interest rates, new administration

    1/19/2017 8:15:10 AM

    Foreign investors continue to view U.S. real estate as a sound investment, with an astounding 95 percent of those recently surveyed by the Association of Foreign Investors in Real Estate reporting they plan to "maintain or increase their investment" in 2017. U.S. real estate was ranked No. 1 by respondents for both security and stability, as well as opportunity for capital appreciation.

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  • ​The latest evolution of real estate wire fraud

    1/18/2017 10:06:58 AM

    Most articles about real estate fraud have focused on the same scenario: hackers breaking into professionals' email accounts to learn about upcoming transactions, then emailing the buyer to wire money to the hacker's account. In reality, there are many other ways hackers insert themselves into communications.

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  • Expanded data key to opening up mortgage credit

    1/18/2017 9:44:43 AM

    Trended credit data, which offers an expanded perspective to lenders evaluating a credit applicant, could be key to opening up mortgage credit accessibility, according to an analysis by Equifax, one of the three major credit reporting bureaus. 

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  • Maximize mortgage applications with women clients

    1/17/2017 3:20:27 PM

    In 2015, the homeownership rate of female householders in one-person households was 24.56 percent higher than the homeownership rate of male householders in the same category, according to U.S. Census Bureau data. Despite earning less, single women are becoming homeowners in formidable numbers.

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  • ​Freddie Mac multifamily lending tops $56.8B in 2016

    1/13/2017 8:32:15 AM

    Freddie Mac announced today that it saw a record-setting $56.8 billion in loan purchase and bond guarantee volume in 2016, up from $47.3 billion in 2015. The company also announced it issued an unprecedented $51.2 billion in multifamily securities, effectively transferring the majority of credit risk from taxpayers to private investors.

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  • December new home purchase mortgage applications Increase 2 percent YOY

    1/13/2017 7:11:51 AM

    The Mortgage Bankers Association Builder Applications Survey data for December 2016 shows mortgage applications for new home purchases increased 2 percent relative to December 2015.

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  • ​Housing will continue gradual climb to higher ground in 2017

    1/11/2017 5:15:59 AM

    Fueled by a growing economy, solid employment gains and rising household formations, single-family production will continue on a gradual, upward trajectory in 2017, according to economists speaking at the National Association of Home Builders International Builders’ Show in Orlando this week.

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  • NAR: FHA mortgage insurance premium reduction a fresh start

    1/10/2017 6:08:45 AM

    Lower costs are coming for homebuyers seeking a Federal Housing Administration insured mortgage. FHA announced Jan. 9 that they are cutting annual premiums for mortgage insurance from 0.85 percent to 0.60 percent, a move the National Association of Realtors said breathes new life into the program.

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  • ​156,000 jobs added to economy in December

    1/9/2017 11:31:00 AM

    Total nonfarm payroll employment rose by 156,000 in December, and the unemployment rate was little changed at 4.7 percent, the U.S. Bureau of Labor Statistics reported today. Job growth occurred in health care and social assistance.

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  • Pending home sales backpedal in November

    1/5/2017 9:09:59 AM

    Pending home sales dipped in November to their lowest level in nearly a year as the brisk upswing in mortgage rates and not enough inventory dispirited some would-be buyers, according to the National Association of Realtors.

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  • ​More than 80 percent of largest U.S. housing markets improving

    1/4/2017 9:29:01 AM

    Freddie Mac released its Multi-Indicator Market Index, showing the majority of the top 100 housing markets across the country steadily improving, with one additional state, Georgia, entering its outer historic benchmark range of housing activity.

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  • DOL Overtime Rule delay: What to do if changes are already in process

    1/3/2017 9:39:59 AM

    The U.S. District Court for the Eastern District of Texas issued a preliminary injunction prohibiting the Department of Labor’s overtime rule from taking effect in December. The preliminary injunction has posed a problem for companies who have already adjusted their pay structures, changed employee status or advised their employees of the change to come. What can an employer do now?

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  • Drones for real estate marketing: Are they worth it?

    12/30/2016 6:39:12 AM

    Now that more and more real estate agents have access to aerial photos and videos through drones, homebuyers and sellers are changing the way they expect to interact with real estate listings. Some of you might be thinking, "Is it really worth it for me to pay someone to take aerial photos and video of my listing?" Let's look at some numbers.

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  • Disciplines to make 2017 your best year

    12/29/2016 8:05:44 AM

    No matter how good or bad the year 2016 was for your business, 2017 is going to be insanely profitable — but only if you have the five disciplines you need to seize those opportunities, says Tom Ferry, CEO of Ferry International and best-selling author of Life! By Design. The good news is, it’s not too late to develop or strengthen those disciplines.

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  • Minority, renter households at center of low homeownership rate

    12/28/2016 8:08:18 AM

    The homeownership rate spiraled to its lowest point in 50 years earlier this year, and while it picked up in the third quarter, it remains off its recent peak. The populations bearing out the trend the most, according to a new analysis by the Pew Research Center, are low-income, minority, renter, and young adult households.

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  • New home sales up 5.2 percent in November

    12/26/2016 7:00:23 AM

    Sales of newly built, single-family homes rose 5.2 percent in November to a seasonally adjusted annual rate of 592,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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  • Post-election surge in mortgage rates paints gloomy picture for lenders

    12/23/2016 8:01:54 AM

    Mortgage lender expectations for near-term mortgage demand plummeted amid the rapid rise in interest rates following the U.S. presidential election, according to Fannie Mae’s fourth quarter 2016 Mortgage Lender Sentiment Survey.

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  • Freddie Mac AIMI shows third consecutive quarter of multifamily growth

    12/22/2016 10:36:21 AM

    Freddie Mac announced multifamily investing fundamentals grew stronger in the third quarter, both nationally and in all 13 major metro markets tracked by the Freddie Mac Multifamily Apartment Investment Market Index.

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  • Existing home sales forge ahead in November

    12/21/2016 9:46:16 AM

    A big surge in the Northeast and a smaller gain in the South pushed existing-home sales up in November for the third consecutive month, according to the National Association of Realtors.

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  • Confidence improves at the prospect of pro-growth policies

    12/21/2016 9:39:44 AM

    Sentiment measures have improved to multi-year highs heading into next year, but 2017 is expected to deliver another year of pedestrian growth, according to the Fannie Mae Economic & Strategic Research Group’s December 2016 Economic and Housing Outlook.

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  • ​Home sales expected to expand modestly in 2017

    12/20/2016 1:04:02 PM

    Existing-home sales are forecast to muster only a small gain in 2017 because of increasing mortgage rates and shrinking consumer confidence that now is a good time to buy a home, according to new consumer survey findings and a 2017 housing forecast update from the National Association of Realtors.

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  • FHFA issues final rule on Fannie Mae and Freddie Mac duty to serve underserved markets

    12/19/2016 6:20:43 AM

    The Federal Housing Finance Agency has issued a final rule to implement the Duty to Serve provisions mandated by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992. The statute requires Fannie Mae and Freddie Mac to serve three underserved markets – manufactured housing, affordable housing preservation, and rural housing – by improving the distribution and availability of mortgage financing for residential properties that serve low and moderate-income families.

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  • Builder confidence closes year on a high note

    12/16/2016 8:13:36 AM

    Builder confidence in the market for newly-built single-family homes jumped seven points to a level of 70 on the National Association of Home Builders/Wells Fargo Housing Market Index. This is the highest reading since July 2005.

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  • CFPB consumer credit trends tool forecasts potential consumer risks

    12/16/2016 7:57:48 AM

    The Consumer Financial Protection Bureau has unveiled Consumer Credit Trends, a web-based tool to help the public monitor developments in consumer lending and forecast potential future risks. The beta version of the tool covers the mortgage, credit card, auto loan, and student loan markets.

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  • November new home mortgage applications Increase 12 percent year over year

    12/14/2016 8:49:56 AM

    The Mortgage Bankers Association Builder Applications Survey data for November 2016 shows mortgage applications for new home purchases increased 12 percent relative to November 2015. Compared to October 2016, applications decreased by 3 percent relative to the previous month. 

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  • Five ways to drive real estate leads with SEO

    12/13/2016 9:35:51 AM

    Having a hard time getting found online? How’s your social media footprint? Are your business profile, website and Facebook page drawing all the attention to your business that they could be? Here’s your chance to find out if you're doing everything you can to point people to your website, social pages and listings. 

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  • ​Tips for writing replies to any review

    12/12/2016 10:56:31 AM

    Reviews are powerful. They can be compelling enough to persuade consumers to reach out, or hurtful enough to shrink your business. That’s why responding to reviews is just as important as requesting them. 

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  • ​CFPB announces Fall 2016 rulemaking agenda

    12/9/2016 8:30:26 AM

    Under the Regulatory Flexibility Act, federal agencies must publish regulatory agendas twice a year. The OMB recently posted online CFPB's updated agenda submitted in early fall. Portions of that agenda will also be published in the Federal Register.Here’s a brief summary of various CFPB initiatives.

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  • Refi applicants discouraged by limited credit access

    12/8/2016 9:15:45 AM

    The proportion of consumers who applied for credit and reported feeling “discouraged” by or “rejected” in their experience has clawed higher, especially among mortgage refinance applicants, in the Federal Reserve Bank of New York’s recently released Survey of Consumer Expectations Credit Access Survey for October 2016.

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  • ​Independent mortgage bank volumes up, production profits stable in Q3

    12/8/2016 9:10:51 AM

    Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,773 on each loan they originated in the third quarter of 2016, up from a reported gain of $1,686 per loan in the second quarter of 2016, the Mortgage Bankers Association reported Dec. 7 in its Quarterly Mortgage Bankers Performance Report.

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  • ​FHA loan limits to rise in 2017

    12/7/2016 8:07:20 AM

    The Federal Housing Administration on Dec. 1 announced the agency's new schedule of loan limits, and due to an increase in housing prices, most areas in the country will see a slight increase in loan limits in 2017. These loan limits are effective for case numbers assigned on or after January 1, 2017, and will remain in effect through the end of the year.

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