50,000 jobs per month still healthy, Fed study finds

Posted October 24, 2016 / No comments

Monthly job growth in the U.S. can slow to about 75,000 and still have a healthy labor market, according to a new study released Monday by the San Francisco Fed….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Mortgage News Daily

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Fannie Mae announces sweeping program for mortgage lender "freedom" from penalties

Posted October 24, 2016 / No comments

Fannie Mae announced that lenders using its Desktop Underwriter and Collateral Underwriter tools will be shielded from buyback risk from the GSE under certain conditions. Fannie Mae’s “Day 1 Certainty” program helps lenders address risk up front in underwriting and property appraisal and inspection so that they can lend with confidence, Timothy Mayopoulos, president and

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MBA predicts double-digit growth for new mortgage lending

Posted October 24, 2016 / No comments

The MBA just released its forecast for 2017 which shows that mortgage purchase originations will continue to increase into next year. Refinances, however, will see a drastic decrease, and total originations could come in the coming years. Here’s the latest take from the conference underway in Boston. Source: Housing Wire

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Treasuries Fall as Manufacturing Gauge Climbs to One-Year High

Posted October 24, 2016 / No comments

Treasuries Fall as Manufacturing Gauge Climbs to One-Year High Bloomberg Treasuries fell after a U.S. manufacturing gauge climbed to the highest since 2015, bolstering the Federal Reserve's case to raise interest rates this year. Benchmark 10-year note yields rose after the Markit purchasing managers' index climbed this … and more »…(read more) Forward this article via

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Framing Methods for Single-Family Homes: 2015

Posted October 24, 2016 / No comments

Wood framing remains the most dominant construction method for single-family homes in the U.S., according to NAHB analysis of Census Bureau data. For 2015 completions, 93% of new homes were wood-framed. Another 7% were concrete homes, and less than half a percent were steel-framed. In absolute number terms, 603,000 single-family homes were completed in 2015 and had

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Altisource Portfolio Solutions rebrands as Trelix

Posted October 24, 2016 / No comments

Altisource Portfolio Solutions announced today it is leaving the Altisource name behind, and rebranding itself as Trelix. The name change is more than just a name change, according to the company president, who calls it the next step in the company’s evolution. The company will also make another announcement in 2017 introducing its new technology

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