Serious Delinquencies Continue to Seriously Decline

Serious Delinquencies Continue to Seriously Decline
DS News | July 27, 2016
Serious delinquencies and foreclosures continue to decrease as the housing market returns to pre-crisis levels, but these numbers still remain high relative to the early 2000s, according to The Urban Institute’s Housing Finance Policy Center’s July 2016 Chartbook.

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Treasury Reflects On Six Years of Reform Progress

Treasury Reflects On Six Years of Reform Progress
DS News | July 27, 2016
When President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law in 2010, the United States Department of the Treasury reports that it was “the most comprehensive, far-reaching set of reforms to our financial system since the Great Depression”. Today, they share that they economy is back on track, growth has returned, and the financial system is safer because of these historic reforms

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Mortgage Applications to Buy and Refinance Drop 11%

Mortgage Applications to Buy and Refinance Drop 11%
CNBC | July 27, 2016
Mortgage application volume fell 11.2 percent last week from the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association. Volume is up 42 percent compared from the same week one year ago, when rates were higher.

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U.S. Treasury Expands Hunt for Money Laundering in Real Estate

U.S. Treasury Expands Hunt for Money Laundering in Real Estate
Reuters | July 27, 2016
The U.S. Treasury on Wednesday expanded its hunt for international criminals who launder money through real-estate deals by ordering title insurance companies to report all-cash buyers’ identities in parts of California and Texas, as well as greater swaths of New York and Florida. Michelle Korsmo, ALTA’s chief executive order, said “As an independent party at the closing table for millions of real estate transactions each year, ALTA members take their responsibility seriously.” Read ALTA’s full statement on the new GTOs here.

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CoreLogic: Cash Sales This Year Lowest Start Since 2008

CoreLogic: Cash Sales This Year Lowest Start Since 2008
HousingWire | July 27, 2016
Cash sales made up 31.6% of total home sales in April, a decrease of 2.8 percentage points annually, according to a recent report from CoreLogic.

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CFPB Complaints Center Generates Results and Controversy

CFPB Complaints Center Generates Results and Controversy

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Fannie Mae Sees Brexit as Mostly Positive for Housing

Fannie Mae Sees Brexit as Mostly Positive for Housing

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