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Ellie Mae: Low interest rate environment sends refinance activity soaring in August

by Lending | Sep 20, 2019 | Housing Wire

Ellie Mae’s latest Origination Insight report shows that for August, the 30-year note rate dropped for the eighth consecutive month, spurring an increase in the percentage of refinances. According to the report, refinances accounted for 43% of loans during August....

NAHB to Congress: Let’s work together to increase energy efficiency in homes

by Lending | Sep 20, 2019 | Housing Wire

As climate talks are heating up, the National Association of Home Builders told Congress on Thursday that it wants to partner with officials at all levels of the government to encourage energy efficient homebuilding, but does not want that to exacerbate the...

Expert: Growing multifamily sector could demand new debt sources

by Lending | Sep 20, 2019 | Housing Wire

As multifamily continues to grow, one expert explained new debt sources could soon be required to match the demand. Lower rates, together with strong fundamentals, produce increased demand for debt. If we remain on our current course, the debt market will be bigger in...

Here are the 2020 presidential candidates’ plans for affordable housing

by Lending | Sep 19, 2019 | Housing Wire

As the 2020 presidential election heats up, the numerous candidates are tackling the issues at hand, and while it may seem like affordable housing and housing in general have been on the back burner for most candidates so far, that doesn't mean that they've all been...

Repo transactions spike 800 basis points overnight

by Lending | Sep 19, 2019 | Housing Wire

Repurchase agreement rates spiked on Tuesday from about 2% to more than 10% as some borrowers were pressured by corporate tax payments and settlements of the newly actioned U.S. Treasuries.
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