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December 15, 2016

Report Finds Many ‘Unscoreable’ Consumers ‘Creditworthy’

Many consumers without traditional credit scores are nevertheless creditworthy and could qualify for mortgages, according to recent research.  Millions of people considered unscoreable by conventional standards […]
December 14, 2016

Homeowners See Equity Rise 11%

The amount of equity homeowners hold grew by $726 billion, or 10.8%, in the third quarter of 2016 versus the year before, according to data from […]
December 13, 2016

The Cost of the ’12 Days of Christmas’ in 2016

Have you ever wondered how much each of those gifts mentioned in tune would cost your true love?  PNC released its annual Christmas Price Index and […]
December 12, 2016

FHA to Increase Loan Limits for 2017

The Federal Housing Administration will increase its national loan limit “floor” to $275,665 in 2017 from $271,050. This limit is set at 65% of the national […]
December 8, 2016

Mortgage Credit Availability Continues to Climb

Access to mortgage credit continued its recent upward trend in November.  The Mortgage Bankers Association said that its Mortgage Credit Availability Index (MCAI), increased by 1.6% […]
December 7, 2016

Existing Home Sales Hit 9-Year High in October

Sales of previously owned homes unexpectedly climbed in October to the highest level since February 2007, a sign of momentum in the housing market a month […]
December 5, 2016

A “New Normal” of Slow Growth Coming in 2017

The median estimate from economists surveyed by the National Association for Business Economics calls for the American economy to grow 2.2% in 2017, up from a […]
December 2, 2016

Fewer Underwater Mortgages But Problems Still Exist

While the rate of homeowners who owed more on their home than what it is worth decreased nationwide, there were 17 neighborhoods with a large percentage […]
November 28, 2016

Black Friday/Cyber Monday Online Sales Top Forecasts

Black Friday’s blockbuster online sales don’t appear to have come at Cyber Monday’s expense.  As of 10 a.m., retail websites had raked in $540 million on […]