Remove blog month 1-2021
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Opinion: Will lower lumber prices offset rising rates?

Housing Wire

In a blog post from January 4 , the National Association of Home Builders said that the 167% rise from last summer’s low lumber prices to over $1,000 per thousand board feet (mbf) added only about $18,600 to the cost of a home. Therefore, every $1/mbf of lumber pricing costs the homebuyer about $28 in lumber ($18,600 / $670).

Title 406
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FHFA brings foreclosures to a screeching halt for borrowers who applied for Treasury assistance

Housing Wire

Borrowers with Fannie Mae or Freddie Mac- backed mortgages have been granted an additional two months to avoid foreclosure if they’ve applied for assistance from the Department of the Treasury. Under the American Rescue Plan Act of 2021, HAF provides close to $9.96

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Risk of mortgage fraud is on the rise in the current market

Housing Wire

According to Boesel, CoreLogic estimates that the current overall mortgage-application fraud rate is at about 1 in 120 loans. For purchase-only loans, that ratio tightens to 1 in 90 loans. “It It becomes a more concerning 1 in 23 if we only look at investment [property] purchases,” she added. month over month.

Mortgages 395
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FHA borrowers hit first, hardest by sinking economy

Housing Wire

In recent months, the canary has been chirping with far less exuberance as inflation (now above 7% annualized ), rising mortg a ge rates , declining home values and the potential of faster-rising unemployment spurred on by a potential recession in the coming year all grip the FHA sector. 1, according to Recursion’s data.

FHA loan 475
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September TRREB Stats: Painting A Rosy Picture

Toronto Realty Blog

TorontoRealtyBlog Not even one comment about the new blog? And nobody noticed that Monday’s blog extended into Wednesday and that I posted on Thursday instead. This was both a function of launching the new version of Toronto Realty Blog, as well as TRREB releasing the September stats on Wednesday instead of Tuesday.

Sales 84
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Compass acquisition could worry some California agents

Housing Wire

The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month. In a blog post, Sebastian Tonkin said the company’s terms of use and privacy policy were updated and the firm will also hire an independent privacy expert to ensure competitors’ data won’t be accessible.

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Fed retreat from MBS market sparks short-term uncertainty

Housing Wire

Notes from the Fed’s March gathering of its Federal Open Markets Committee (FOMC) indicate that there is consensus around a plan to cease replacing up to $35 billion of maturing MBS assets each month. of total agency gross issuance for the month. The Feds existing $2.7 trillion portfolio represented about 25% of the total $10.7

Marketing 406