Survey says! The biggest threats to housing: compliance burdens, access to credit

Posted November 30, 2016 / No comments

The industry is making progress when it comes to access to credit and compliance, but the same headwinds that burdened the industry over the past year aren’t easing anytime soon, at least that’s what people inside the industry believe. Genworth Mortgage Insurance released the latest results on a survey of mortgage professionals at the 2016

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Trump Treasury pick: Fannie Mae and Freddie Mac will be privatized

Posted November 30, 2016 / No comments

Making the media rounds after being selected to serve as Treasury secretary by President-elect Donald Trump, Steve Mnuchin dropped a bombshell about the future of Fannie Mae and Freddie Mac. Rather than be wound down, as some advocate for, Mnuchin said the government-sponsored enterprises will be taken out of “government ownership,” restructured, and privatized. Click

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ADP predicts solid employment growth in November

Posted November 30, 2016 / No comments

ADP predicts strong job growth during the month of November, with increases centered in the service-providing sector. Construction showed a slight increase over the month. Over the past three months, ADP’s prediction fell short of the job report’s numbers, however this time one expert thinks the company over-shot. Source: Housing Wire

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Pending home sales hit highest level since July

Posted November 30, 2016 / No comments

Pending home sales increased slightly in October, buy enough to hit the highest level since July. In fact, the National Association of Realtors chief economist believes that, at this pace, this year could close out with the highest pace in existing home sales since 2006. Source: Housing Wire

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