US jobless claims rise more than expected

Posted October 20, 2016 / No comments

The number of Americans filing for benefits rose more than expected, but remained below a level that is associated with a strong labor market….(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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Lessons Learned—and Ignored—From a Fire That Destroyed 3,450 Homes

Posted October 19, 2016 / No comments

Conditions that contributed to the fire in the hills of Oakland, CA, 25 years ago have re-emerged, despite warnings from the local fire department. The post Lessons Learned-and Ignored-From a Fire That Destroyed 3,450 Homes appeared first on Real Estate News and Advice – realtor.com ….(read more) Forward this article via email:  Send a copy of

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Countdown starts now on CFPB’s final mortgage servicing rule implementation

Posted October 19, 2016 / No comments

Nearly four months after the Consumer Financial Protection Bureau finished the final mortgage servicing rule, it has finally been published in the Federal Register. The long publishing timeline isn’t necessarily a bad thing since it gave the industry extra time to adapt to and learn the final rule. Since it’s officially published, your one-year countdown

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Executive Conversation: Justin Vedder on certified loans

Posted October 19, 2016 / No comments

There is a lot of value in looking at the manufacturing risk upfront, particularly because it can significantly decrease the likelihood of future loss. Most investors price credit risk, so the certification process allows the investor community to get back to managing credit risk rather than focusing on manufacturing risk. Source: Housing Wire

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AIA: Architecture Billings Index declines in September

Posted October 19, 2016 / No comments

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Further Contraction in Architecture Billings Index For the first time since the summer of 2012, the Architecture Billings Index (ABI) posted consecutive months of a decline in demand for design services. As a leading economic indicator of

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Mortgage rates for Wednesday, October 19

Posted October 19, 2016 / No comments

Multiple key mortgage rates floated higher today. The average for a 30-year fixed-rate mortgage rose, but the average rate on a 15-year fixed remained steady. Meanwhile, the average rate on 5/1 ARMs inched up. Rates for mortgages change daily, but they have remained in a historically low range for quite some time. If you’re in

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