Rural Development\'s interim systems enhancements will complete on September 8, 2010, at which time the Agency will begin obligating Section 502 Single Family Housing Guaranteed Loans.

Reports from the twelve Federal Reserve Districts suggested continued growth in national economic activity during the reporting period of mid-July through the end of August, but with widespread signs of a deceleration compared with preceding periods....

Purchase applications increased last week, reaching the highest level since the end of May. However, purchase activity remains well below levels seen prior to the expiration of the homebuyer tax credit, and is almost 40 percent below the level recorded...

Eric Rosengren, president of the Federal Reserve Bank of Boston, told attendees at a Federal Reserve sponsored conference on REO and Vacant Property Strategies for Neighborhood Stabilization last Thursday that there may not be a single solution for the...

FHFA has released final housing goals for Freddie Mac and Fannie Mae for 2010-2011. The goals establish benchmarks for the Enterprise to purchase mortgages for low-income and very low income families as well as other target groups.

There has been talk circulating that the Administration is considering the re-authorization of the expired homebuyer tax credit. While I believe this would be taking a step in the wrong direction, I do feel the housing market needs to provide more incentive...

The Federal Reserve is hosting a two day summit on neighborhood stabilization the focuses on the problem of foreclosures and owned real estate and their impact on local communities.

Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of original building. It includes construction of additional housing units in existing residential structures...

\"Refinancing activity picked up again last week, reaching new 15-month highs, as borrowers took advantage of even lower mortgage rates. The drop in mortgage rates was in line with Treasury rates as the latest data continue to show weak economic growth...

Standard & Poor's Case-Shiller Indices continue to show improvement in home prices, but the rate of increase has slowed and its publisher points to other indicators as "ominous" signals.

In a Sunday news show appearance, HUD Secretary Shaun Donovan said that it was too early to discuss a revival of the homebuyers tax credit even though home sales plummeted as the old credit expired.

The Conservator of Fannie Mae and Freddie Mac has issued its first report on Fannie Mae and Freddie Mac. The data indicates that problems began when the GSEs lost market share but are now on the road to recovery thanks to tighter lending standards are...

While delinquency rates overall showed improvement, the MBA National Delinquency Survey showed a troubling increase in the number of home mortgages that fell one payment behind during the quarter.

The President of the Chicago Federal Reserve told an audience on Tuesday that financial literacy played a role in the mortgage meltdown, but suggested a behavioral approach to borrowers might be more effective than financial education.

Single Family Housing Guaranteed Loan Program Funding Notice

	Mortgage And Real Estate News
	USDA Rural Development System Upgrade Complete. Now Processing Conditional Commitments Rural Development\'s interim systems enhancements will complete on September 8, 2010, at which time the Agency will begin obligating Section 502 Single Family Housing Guaranteed Loans.

	Beige Book: Housing Market Experiencing "Sustained Lull" Reports from the twelve Federal Reserve Districts suggested continued growth in national economic activity during the reporting period of mid-July through the end of August, but with widespread signs of a deceleration compared with preceding periods....

	Purchase Apps Up 6.3%. Refinance Demand Declines 3.1% Purchase applications increased last week, reaching the highest level since the end of May. However, purchase activity remains well below levels seen prior to the expiration of the homebuyer tax credit, and is almost 40 percent below the level recorded...

	Housing Crisis Needs Localized Approach, Not "One Size Fits All" Solution... Eric Rosengren, president of the Federal Reserve Bank of Boston, told attendees at a Federal Reserve sponsored conference on REO and Vacant Property Strategies for Neighborhood Stabilization last Thursday that there may not be a single solution for the...

	FHFA Establishes New Housing Goals for GSEs FHFA has released final housing goals for Freddie Mac and Fannie Mae for 2010-2011. The goals establish benchmarks for the Enterprise to purchase mortgages for low-income and very low income families as well as other target groups.

	Pending Home Sales Rebound from Record Low. What Might Boost Buyer Demand? There has been talk circulating that the Administration is considering the re-authorization of the expired homebuyer tax credit. While I believe this would be taking a step in the wrong direction, I do feel the housing market needs to provide more incentive...

	Fed Hosts Neighborhood Stabilization Summit The Federal Reserve is hosting a two day summit on neighborhood stabilization the focuses on the problem of foreclosures and owned real estate and their impact on local communities.

	Recap and Charts: July Construction Spending Data Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of original building. It includes construction of additional housing units in existing residential structures...

	Rising Refi Index Indicative of Pickup in Prepay Speeds on Recent Vintage MBS \"Refinancing activity picked up again last week, reaching new 15-month highs, as borrowers took advantage of even lower mortgage rates. The drop in mortgage rates was in line with Treasury rates as the latest data continue to show weak economic growth...

	S&P/Case-Shiller: Home Prices Rise in June. Tax Credit Hangover Ahead Standard & Poor's Case-Shiller Indices continue to show improvement in home prices, but the rate of increase has slowed and its publisher points to other indicators as "ominous" signals.

	HUD Secretary Tiptoes Around Another Tax Credit, Pushes Balanced Housing Policy In a Sunday news show appearance, HUD Secretary Shaun Donovan said that it was too early to discuss a revival of the homebuyers tax credit even though home sales plummeted as the old credit expired.

	Conservator\'s Report: A Different View of the GSE\'s Demise The Conservator of Fannie Mae and Freddie Mac has issued its first report on Fannie Mae and Freddie Mac. The data indicates that problems began when the GSEs lost market share but are now on the road to recovery thanks to tighter lending standards are...

	MBA: 30-Day Delinquencies on the Rise Again While delinquency rates overall showed improvement, the MBA National Delinquency Survey showed a troubling increase in the number of home mortgages that fell one payment behind during the quarter.

	Chicago Fed Explores Effectiveness of Home Buyer Counseling The President of the Chicago Federal Reserve told an audience on Tuesday that financial literacy played a role in the mortgage meltdown, but suggested a behavioral approach to borrowers might be more effective than financial education.

	USDA Rural Housing Issues Funding Update: Lenders Still in Limbo Single Family Housing Guaranteed Loan Program Funding Notice

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