A low number of homes for sale is pushing home prices up to double-digit gains year-over-year, the National Association of REALTORS® reports.
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The Office of Inspector General is recommending more oversight of Fannie Mae’s short-sale approvals after discovering that it’s not keeping up with borrowers’ documents.
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Home buyers who weren’t successful this summer at finding a home due to limited inventories and competition from all-cash offers are looking to retry their luck in the winter.
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The Consumer Financial Protection Bureau has announced that new forms simplifying the paperwork that borrowers receive when applying for loans will go into effect in August 2015.
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The economy is strengthening and a tapering of the Federal Reserve’s stimulus program — which has helped keep mortgage rates low — is still on the horizon, Fed Chairman Ben Bernanke says.
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Freddie Mac forecasts that 2014 will mark the conclusion of the refinance boom and the beginning of a market dominated by purchase money lending — the first such market in 14 years.
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