October 2014 Existing Housing Sales Reach the Greatest Level in 13 Months

Source: Dr. Ted C. Jones

October 2014 existing home sales ran counter to typical seasonality, posting the greatest number of sales year-to-date, coming in at a seasonally-adjusted annualized rate of 5.26 million properties according to the National Association of Realtors® (NAR).    Read more >>

Fannie, Freddie to Allow Debt Cuts for Foreclosed Borrowers

Source: bloomberg.com

Fannie Mae (FNMA) and Freddie Mac (FMCC) will let borrowers who have gone through foreclosure buy back their homes at market prices under a policy shift announced by the regulator for the two U.S.-owned companies.

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Mortgage Applications Up in Holiday-Adjusted Survey

Source: Themreport.com

Mortgage loan applications rose nearly 5 percent last week on a surge in home purchase activity, according to figures released Wednesday.   Read more >>