All-cash sales represented 31.1 of the total home sales recorded in August, according to a CoreLogic report on cash and distressed home sales. This was a decline of 1.5 percentage points from cash sales in August 2015. The company said that, if cash sales continue to decrease at the August rate, they should hit the pre-crisis rate of 25 percent by mid-2019. Cash sales were highest in Alabama with a 44.9 percent share. Other states with elevated cash sales include New York (42 percent), Florida (40.9 percent), Indiana (38.6 percent) and Kansas (38 percent). Cash transactions peaked in January 2011 at 46.6 percent of all home sales, and at approximately the same time sales of lender-owned real estate typically made up around 27 percent of the home sales market. While cash still accounts for a

November 22, 2016 Download our Mobile App: Download our Mobile App: Housing News Distressed Sales at Nine-Year Low All-cash sales represented 31.1 of the total home sales recorded in August, according to a CoreLogic report on cash and distressed home sales. This was a decline of 1.5 percentage points from cash sales in August 2015. The company said that, if cash ... (read more) Housing News Existing Home Sales Hit 10-year High in October October existing home sales added to September's rebound, rising to the highest annualized pace in nearly a decade . The National Association of Realtors® (NAR) said sales transactions that include single-family, condo, townhouse, and coop apartm... (read more) MBS Commentary MBS Live Day Ahead: Comparing Current Move to Past Instances of "Repricing" Bond markets have quickly "repriced" their expectations for future inflation and growth based on the potential policy path of the Trump administration.  Past examples of similar "reprices" offer a few clues as to how bad things currently are and... (read more) Mortgage Rate Watch Mortgage Rates Hold Steady at 17-Month Highs Mortgage rates called in sick today, effectively doing nothing to move higher or lower from last Friday, on average. For the record, that means some lenders will have improved just slightly while others are in slightly worse shape. In all cases, the ... (read more) Rob Chrisman FHA/VA Lender Changes; Declining Number of Banks; Training/Events Another day, another settlement. Ally Financial Inc said it agreed to pay $52 million to settle claims made by the U.S. Department of Justice against its former mortgage unit related to alleged misstatements about its residential mortgage-backed secu... (read more) MBS Commentary MBS Live Recap: Bonds Manage to Hold Modest Gains For the third time in the post-election sell-off, bond markets managed modest gains day-over-day.  Much like the last 2 times (last Tue and Wed), closing levels kept us in significantly weaker territory relative to a few weeks ago.  Rather,... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.82% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.82% -0.01 0.00 15 Yr. Fixed 6.07% -0.01 0.00 30 Yr. FHA 6.40% -0.01 0.00 30 Yr. Jumbo 6.92% -0.01 0.00 7/6 SOFR ARM 6.31% -0.01 0.00 30 Yr. VA 6.42% 0.00 0.00 Updates Daily - Last Update: 7/17 15 Yr. Fixed Rate 6.07% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries UMBS 30YR 5.5 99.08 +0.02 Price / Yield Change MBS UMBS 5.5 99.10 +0.04 UMBS 6.0 101.10 +0.04 GNMA 5.5 99.44 -0.02 GNMA 6.0 101.12 -0.04 Pricing as of: 7/17 5:18PM EST 10 Year US Treasury 4.4563 -0.0030 Price / Yield Change US Treasury 2 YR Treasury 3.909 +0.020 5 YR Treasury 3.994 -0.001 7 YR Treasury 4.214 +0.000 10 YR Treasury 4.455 -0.004 30 YR Treasury 5.009 -0.005 Pricing as of: 7/17 5:18PM EST Latest Video Harris: Why do they want inflation? Record highs for Dow, S&P 500 and Nasdaq Existing home sales up 2.0% in October Around the Web CNBC Ending CFPB's 'Spanish Inquisition' of banks will boost mortgage market, expert says CNBC The salary you need to afford rent in the 15 largest U.S. cities Calculated Risk Blog A Few Comments on October Existing Home Sales Reuters Trump says ex-rival Carson may lead U.S. housing department NAR - Realtor.com Home Prices Dip as Buyers and Sellers Head Into the Holidays Bloomberg Investors Have Hit the Pause Button on a Number of 'Trump Trades' CNBC US stocks open higher, set new all-time highs NAHB Eye on Housing New Multifamily Construction Dominated by Rental Production Bloomberg Fed Hike Is Certainty for Bond Traders as Market Odds Reach 100% Market Watch Ally Financial settles mortgage securities probe for $52 million CFPB Monitor CFPB posts 2017 final lists of rural and rural or underserved counties Calculated Risk Blog Quarterly Housing Starts by Intent CNBC Why it won't be easy for Trump to repeal Dodd-Frank

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