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Mortgage Loan Application Defects Lower in September

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First American released their Loan Application Defect Index for September 2015 on Wednesday, which reflects estimated mortgage loan defect rates over time, by geography and by loan type, and estimates the frequency of defects in the information submitted in mortgage loan applications. According to the Index, loan defects in mortgage applications declined 1.2 percent from August to September. The Index is now down 20.6 percent from the high point of risk in October 2013.

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Sustainable Homeownership Vital to Building Middle Class Wealth

Sustainable homeownership is the “gateway to the middle class” for many Americans and is the primary source of wealth creation for many, which is why increasing the homeownership rate is so critical to a healthy economy, according to a panel at a housing forum in Washington, D.C., on Tuesday.

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Credit Unions’ Financial Services Restrained By Regulations

The National Association of Federal Credit Unions expressed their concerns surrounding credit unions’ efforts in rural communities and limitations they face due to regulatory restrictions prior to the Senate Banking Subcommittee hearing called “The State of Rural Banking: Challenges and Consequences” held Wednesday.

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Homeownership Rate Rises After Reaching 48-Year Low in Q2

Americans appear to be purchasing more homes as the U.S. homeownership rate has finally moved upward for the first time in two years in the third quarter of 2015, following a 48-year low hit the previous quarter, the Department of Commerce’s Census Bureau announced Tuesday.

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