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Housing downturn has hit bottom

Total housing sales in 2010 will be down about 8% from last year, and will mark the bottom the downturn, says a monthly report from Fannie Mae economists. The economic outlook from Fannie Mae’s Economics and Mortgage Market Analysis Group is fairly upbeat looking ahead.

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The HELOC dam is opening. Are you ready? 

U.S. homeowners are using HELOCs to access trillions in home equity amid rising interest rates. Mortgage originators should explore this area with innovative financing solutions like bank statement HELOCs.

3d rendering of a row of luxury townhouses along a street

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