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Mortgage -Top news

Purchase Share and Interest Rates Creep up, Hit New Ellie Mae Highs
(Mortgage News Daily) - 1 hours, 37 minutes ago...
Posted To: MND NewsWireThe share of closed loans for home purchases ticked up another point in June, to 71 percent. While Ellie Mae has only tracked data since 2011, this represents a new high for those loans in the company's Origination Insight Report. The purchase share was also up 1 point for FHA loans, at 81 percent and rose 2 points for VA loans and 3 for conventional loans to 77 percent and 69 percent respectively. The allocation of newly originated loans across product types seems ca...
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Mortgage Rates Flat Again, Despite Modest Market Weakness
(Mortgage News Daily) - 1 hours, 37 minutes ago...
Posted To: Mortgage Rate WatchMortgage rates were flat again today, further prolonging a trend that's been in place for weeks. During that time, we've seen modest ups and downs, but no significant changes. To put the narrowness of the range in context, the "ups and downs" are only seen in the upfront costs associated with any given mortgage rate. Rates themselves haven't changed for the average loan scenario. Today's absence of change belies market movement to some ...
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More Americans Are Dying From Liver Cancer, Study Says
(Yahoo) - 1 hours, 37 minutes ago...
The rates are up, especially for men and older people...
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Lineage Logistics Gets $700 Million Infusion, Reflecting Investor Interest in Refrigerated Warehouses
(COSTAR) - 1 hours, 37 minutes ago...
Image credit: Lineage Logistics LLC. As the investment market for cold storage space is reaching new peaks, a duo of private capital funds is investing $700 million into Lineage Logistics, the country's second-largest owner and operator of refrigerated warehouses. Stonepeak Partners, an infrastructure-focused private equity firm, and D1 Capital Partners, an investment hedge fund, along with other current Lineage investors are acquiring a significant......
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Stone Point Capital To Acquire Sabal Capital Partners
(COSTAR) - 21 hours, 7 minutes ago...
Pat Jackson, Sabal Capital Partners founder and chief executive. Image credit: Sabal Capital Partners Stone Point Capital, a financial services-focused private equity firm, plans to acquire Sabal Capital Partners, a diversified financial services firm specializing in small-balance, commercial real estate lending, for an undisclosed amount. Sabal and the private equity fund signed definitive agreements for the acquisition of a majority interest......
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Same Old Story For Mortgage Rates
(Mortgage News Daily) - 21 hours, 7 minutes ago...
Posted To: Mortgage Rate WatchMortgage rates were generally unchanged today, prolonging an exceptionally flat trend. Over the past 3 weeks, the average mortgage seeker will not have seen a change in the interest rate attached to their loan. Changes have come instead from the upfront costs associated with any given rate, which can move in smaller increments than rates themselves (mortgage lenders tend to break up rates by eighths of a percentage point). The lack of movement isn't for a lack ...
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Sales and Broker Products; Freddie and Fannie Updates
(Mortgage News Daily) - 21 hours, 7 minutes ago...
Posted To: Pipeline Press“What can be asserted without evidence can also be dismissed without evidence.” While you ruminate on that one, there continues to be evidence and reminders that potential home buyers are having trouble coming up with “skin in the game,” aka, a down payment. It would take an average of 36 years for someone earning the median income in D.C. to save for a 20% down payment on a median-priced house, according to a recent report from U.S. Mortgage Insu...
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Mortgage Applications: Decline in Purchases Offset by Refinance Gains.
(Mortgage News Daily) - 21 hours, 7 minutes ago...
Posted To: MND NewsWireRefinancing made a tiny bit of a comeback during the week ended July 13. Both the Refinancing Index, a component of the Mortgage Bankers Associations (MBAs) Market Composite Index, and the share of applications that were for refinancing regained some ground after retreating during the previous three weeks. The overall Composite Index, a measure of mortgage volume, declined by 2.5 percent on a seasonally adjusted basis, giving back all of its gains from the prior week . On ...
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Capital Markets Not Ignoring the Retail Sector
(COSTAR) - 21 hours, 7 minutes ago...
Christiana Mall in Newark, Delaware. Image credit: GGP. While office and hotel properties have been favorites in the capital markets this year, the turbulent retail sector has not been left out. That's been the case this week with details emerging on major mall refinancings from two retail real estate investment trusts. GGP, formerly General Growth Properties, has completed a $500 million refinancing of Christiana Mall in Delaware; and details......
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Fed’s Powell Says Gradual Rate Hikes Are the Best Path ‘For Now’
(NREIonline) - 1 days, 16 hours ago...
Officials in June signaled they plan to continue to raise rates at a gradual pace, penciling in two more quarter-point hikes for 2018....
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