US housing market boosts case for rate rises

US housing market boosts case for rate rises

Low mortgage rates and the long-term implications of remote working are fuelling housing demand. But, as elsewhere in the economy, supply
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Finding a starter home gets even harder – Freddie Mac

Finding a starter home gets even harder – Freddie Mac. Shortage of entry-level single-family homes slumps to 50-year low. Finding a
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UPS, Home Depot Among Websites Hit by Widespread Service Outage

Thousands of internet users reported widespread issues with prominent websites, including Amazon.com Inc., Home Depot Inc, Airbnb Inc. and United
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Schewels, Leggett buildings on Lynchburg's Main Street sold, real estate firm says

… store have been sold and will be redeveloped into a combination of residential and commercial space, a commercial real estate firm said Thursday.
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Existing US home sales rose in June; prices hit new highs

Still, there are signs the red-hot housing market is beginning to cool a bit, an economist says. By ALEX VEIGAAssociated Press.
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San Francisco real estate referral firm opens Tampa office

HomeLight, a San Francisco-based residential real estate referral firm and brokerage, has opened a Tampa office to capitalize on Florida's booming
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Existing US home sales up in June; prices reach new heights

The average interest rate on a 30-year mortgage fell this week to 2.78%, according to mortgage buyer Freddie Mac. A year ago it averaged 3.01%.
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Bird-safe building requirements in Madison draw lawsuit from real estate associations

Five Wisconsin real estate associations sued the city of Madison seeking to overturn its requirements for bird-safe building design in a move that's also
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Janus Cycle Group – parent of Merlin and Dean – sold to former real estate executive

Joseph previously served as chief financial officer at Spirit Realty from 2015-2018. He also served as global treasurer for Prologis, a real estate
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20 People to Know in Banking: Mike Searcy

Mike Searcy, senior vice president, chief credit officer, Paducah Bank. Years in current job: 1. Years in banking: 27
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Rocket Mortgage Is at a Risky Phase in the Cycle

But wait, don't they sell all their loans to third-party purchasers like Fannie Mae and Freddie Mac? Yes they do, but RKT usually retains the servicing
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Belgium raises flood death toll to 37, further six missing

The Federal Housing Finance Agency announced last week that Fannie Mae and Freddie Mac will be eliminating the Adverse Market Refinance Fee
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FHFA eliminates adverse market fee

The Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will eliminate the adverse market refinance fee effective Aug. 1, 2021.
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Blackstone eyes return to hotel business as real estate fuels strong Q2

SEO DESCRIPTION: Blackstone saw distributable earnings in the second quarter nearly double year over year; real estate investments accounted for
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Responsible Lending expands drawdown facility

Responsible Lending previously offered customers aged 55 to 64 a drawdown option across six of the lender's 12 LTV bands, but the facility will now be
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MLO, Ops Jobs; Tech, Hedging, Advertising Compliance Products; Non-Agency Updates

And capital markets everywhere took note of Freddie Mac, “friendly competitor” of Fannie Mae, following up its announcement last week but issuing
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Online outages reported for banks, businesses in Canada and worldwide

While most seem to be coming back online, customers reported issues with either online banking or apps with several Canadian banks, including
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The Supreme Court Injects Partisan Politics Into Independent Agencies

… Federal Housing Finance Agency to oversee Fannie Mae and Freddie Mac, … And Fannie's and Freddie's shareholders wanted the court to unwind
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Cavco Industries Announces Major Expansion to Fort Worth, Texas Production Facility

Cavco's finance subsidiary, CountryPlace Mortgage, is an approved Fannie Mae and Freddie Mac seller/servicer and a Ginnie Mae mortgage-backed
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Real Estate Transactions: July 23, 2021

B: Caroline A Mansfield Realty Estate, Bryan J. Mansfield, trustee. S: Diane S. Bouvier. 34 Sunrise Terrace. $303,000. B: Sergio Cacioppo and Rebecca
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