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With Fewer Homes for Sale, Bidding Wars Erupt in Washington
(NY Times) - 1 days, 5 hours ago...
An influx of professionals is bidding on a limited supply of affordable homes in the Washington area, driving up prices....
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What You Get: $1.5 Million Homes in Massachusetts, Tennessee and Illinois
(NY Times) - 1 days, 5 hours ago...
A five-bedroom traditional house in Nantucket, a barnlike contemporary in Franklin and a brick townhouse in Chicago....
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Vanke Founder Wang Shi, Chinese Property Developer, Steps Down
(NY Times) - 1 days, 5 hours ago...
Famous for his real estate acumen and for his mountain climbing, Mr. Wang found his position threatened by a rare Chinese hostile takeover attempt....
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Square Feet: Deep in the Malls of Texas, a Vision of Shopping’s Future
(NY Times) - 1 days, 5 hours ago...
As malls across America struggle, several shopping centers in Texas give a peek into how mall owners and developers are responding to a changing retail industry....
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Rise in Purchase Mortgages Boosts Credit Risk
(Mortgage News Daily) - 1 days, 5 hours ago...
Posted To: MND NewsWireNew home purchase mortgages became a little riskier in the first quarter of 2017 per CoreLogic. The company said its Housing Credit Index (HCI), which measures trends in six mortgage credit risk attributes, edged up to 105.6, a 3.6-point increase from the same quarter in 2016. This puts the HCI at about the same level as its average score of 105.9 over the period of 2001 to 2003, a period that CoreLogic considers a normal baseline for credit risk . The six attributes measu...
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Reverse Mortgage Primer; LO Jobs and Products
(Mortgage News Daily) - 1 days, 5 hours ago...
Posted To: Pipeline Press“People who don’t give up attract other people’s attention.” As do people whose humor is stuck in 4th grade – like mine usually is. For example . Reverse Mortgages - Attracting Forward Lenders Given that 10,000 people a day are turning 62 (the minimum age to take out a reverse mortgage), plenty of "forward" lenders are looking at the channel, or are fostering divisions to capture the business & revenue. Reverse mortgages are a ...
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Refis Take Another Step Toward 50% of All Mortgage Apps
(Mortgage News Daily) - 1 days, 5 hours ago...
Posted To: MND NewsWireThe volume of applications for refinancing expanded for the third consecutive time during the week ended June 16. The Mortgage Bankers Association (MBA) said the increase offset another down week for purchase mortgages, giving overall mortgage volume a slight uptick from a week earlier. The MBA's Market Composite Index, a measure of overall application volume, increased 0.6 percent on a seasonally adjusted basis from the week ended June 9. On an unadjusted basis howev...
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Rates Fall Slightly to Remain Near 8-Month Lows
(Mortgage News Daily) - 1 days, 5 hours ago...
Posted To: Mortgage Rate WatchMortgage rates were steady to slightly lower today, with underlying bond markets essentially erasing the damage seen yesterday. This was neither here nor there for the mortgage world as most lenders didn't adjust rates much higher yesterday (despite bond weakness). Thus, they didn't have much to do today when bonds strengthened. In general "bond market strength" = lower rates and vice versa. There were no significant economic reports or major mar...
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Office Lease Up (June 19) Apache Corp. Extends 524,000-SF HQ Lease at Post Oak Central for Two Years
(COSTAR) - 1 days, 5 hours ago...
Apache Corp. (NYSE: APA) has signed a renewal that will keep the petroleum and natural gas exploration and production company's headquarters at Post Oak Central in Uptown Houston for 26 more months. The extension includes all 524,000 square feet Apache occupies across Post Oak Central One and Post Oak Central Three, two 24-story office towers completed in 1975 and 1981, respectively, along Post Park Blvd. near I-610 and the Galleria Mall. Tim......
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Mortgage Rates Fairly Steady to Begin Week
(Mortgage News Daily) - 1 days, 5 hours ago...
Posted To: Mortgage Rate WatchMortgage rates were mostly flat again today, despite bond market weakness (lower bond prices generally mean higher rates). Between MBS (the mortgage-backed-securities that underlie mortgage rate movement) and US Treasuries (the risk-free benchmark for all US debt/bonds), the latter fared worse. In other words, mortgage bonds outperformed Treasuries. That's one of the reasons we didn't see much movement in mortgage rates today. The other reason was as simpl...
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