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Author Archives: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

Cash Sales Continue to Drop Annually

Cash sales accounted for 34.8 percent of total home sales, CoreLogic reported, down from 37.2 percent in September 2013. The share of cash sales has fallen annually every month since January 2013. Before the start of the housing crisis, the cash sales share of total homes averaged nearly 25 percent.

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Mortgage Applications Pull Up from Latest Decline

Total mortgage application volumes increased 7.3 percent for the week ending December 5, according to survey data from the Mortgage Bankers Association (MBA). The jump, which includes seasonal adjustments, followed a drop of the same amount the week prior.

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Indecomm-Mortgage U Launches Integrated Disclosure Training Package

Indecomm-Mortgage U, a full-service training company serving the mortgage industry, announced the development of a new suite of training tools designed to help bring lenders in compliance with the Consumer Financial Protection Bureau's (CFPB) soon to be implemented integrated mortgage disclosure rule.

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Report: Buying a Home Twice as Affordable as Renting

Looking at trends in incomes, home values, and rental prices in the third quarter, Zillow estimates that U.S. homeowners spend on average 15.3 percent of their income on monthly mortgage payments. For younger homebuyers, who typically make smaller down payments, that figure is only slightly higher: 17.4 percent.

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2015 Forecast Calls for Bounce in Home Sales

In keeping with other recently released predictions, the latest housing forecast from market research firm IHS Global Insight calls for modest growth in home sales in 2015 following what's been a disappointing year. In her outlook, IHS economist Stephanie Karol focuses on two major trends that have shaped the housing market in 2014.

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Mortgage Business Conditions Expected to Improve: Survey

According to survey results released by the Collingwood Group this week, 33 percent of mortgage lenders, servicers, and other industry professionals believe business conditions are "a little better" than they were last year. That compares to 31 percent of respondents who said the same thing in October.

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Lenders Boost Credit Availability for Jumbo Loans

The Mortgage Bankers Association's (MBA) Mortgage Credit Availability Index nudged up 1.2 percent in November, totaling 114.6 for the month. MBA's chief economist, Mike Fratantoni, said last month's uptick mostly came from the addition of jumbo loan programs that allow cash-out refinancing.

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