8 avoidable mistakes first-time homebuyers keep making

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy

RealtyTrac: All-cash sales at lowest since late 2009

Institutional investor share at 15-year low
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News

SEC fines hedge fund advisor for inflating mortgage bond prices

AlphaBridge Capital Management clients charged higher fees
Ben Lane
The Securities and Exchange Commission fined a Connecticut-based hedge fund advisory firm for fraudulently inflating the prices of residential mortgage-backed securities in hedge fund portfolios it managed.
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8 avoidable mistakes first-time homebuyers keep making

Stop doing these things
Brena Swanson
The last thing a first-time homebuyer wants to do is mess the entire homebuying process by doing one of these common mistakes. Here are mistakes 8 things that could ruin the homebuying process.
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Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
Trey Garrison
If you liked the NSA spying on innocent Americans, you’ll love what the CFPB is up to. Plus, is the mortgage industry ready for the coming surge of minority homebuyers, Dodd-Frank is turning five this month, and more.
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Freddie Mac: Mortgage rates increase to 2015 highs

Rise moving into holiday
Brena Swanson
Mortgage rates increased to new 2015 highs moving into the holiday weekend, with the 30-year, fixed-rate mortgage averaging 4.08% for the week ended July 2. Here's why.
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This 1 MBA chart shows how ARMs are hitting a 2015 highpoint

Adjustable share should continue growing as rates rise
Trey Garrison
The adjustable rate mortgage share of mortgage applications reached its 2015 high at 7% in late June, and as interest rates rise there's more ground for ARMs to make up. Want to know why?
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U.S. employers added fewer jobs than expected in June

Hourly earnings flat, more drop out of workplace driving down rate
Trey Garrison
On the surface the employment numbers for June look positive, but a cursory glance below the headline shows that the unemployment rate only ticked down because of yet more dropping out of the workforce. Meanwhile, wage growth was flat. Want to know more?
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RealtyTrac: All-cash sales at lowest since late 2009

Institutional investor share at 15-year low
Trey Garrison
Just under a quarter – that is 24.6% – of all single family home and condo sales in May were all-cash purchases, down from 28.5% in the previous month and down from 30.4% a year ago. Distressed sales are drying up. Want to know more?
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Steven Cohen’s Point72 Asset Management discloses passive stake in Nationstar

Now owns more than 5% of nonbank
Ben Lane
A filing with the Securities and Exchange Commission revealed that Point72 Asset Management and its founder, billionaire Steven Cohen, own more than 5% of Nationstar Mortgage Holdings.
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3 tips to recruiting Millennial loan officers

How to reverse the aging mortgage industry
Brena Swanson
There is a drought in the market when it comes to recruiting Millennial loan officers. In an interview with HousingWire, Casey Cunningham CEO at XINNIX, explained how to show the next generation the way into the mortgage industry.
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Manhattan real estate has never been more expensive

Average sales price for an apartment hits all-time high in 2nd quarter
Ben Lane
No one has ever argued that living in New York isn’t an expensive proposition, but a new report shows just how expensive it is to live in New York’s priciest borough. According to data from Douglas Elliman, it’s never been more expensive to live in Manhattan than it is right now.
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