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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.

Few Renters Expecting to Purchase a Home Anytime Soon

In a survey of more than 2,000 American adults, 61 percent of renters said they don't plan to purchase a house at any point in the next three years, Freddie Mac said Monday. When asked why they expect to keep renting for the near future, half of respondents said they can't afford to make a down payment for a mortgage, while 38 percent said they can't afford a monthly mortgage payment.

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Lenders Bring Up Origination Volumes in Q3

Mortgage lenders originated an estimated $320 billion in loans throughout Q3, according to information collected by Mortgage Daily. While up nearly 8 percent from the second quarter's total of about $300 billion, third-quarter volumes fell short of year-ago levels by 31 percent.

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Mortgage Professionals Weigh in On GSE Wind-Down

In a report released Monday, the Collingwood Group said that 65 percent of lenders and other mortgage industry workers support the push for GSE reform, calling their current state of conservatorship under the Federal Housing Finance Agency unsustainable. At the same time, none of the survey respondents called for a wind-down or elimination of the GSEs.

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FHA Loan Limits to Remain Unchanged in 2015

The Federal Housing Administration (FHA) announced Friday it will leave loan limits unchanged for the highest- and lowest-cost housing markets in 2015. For most high-cost housing markets, the maximum allowable amount for an FHA loan will stay at $625,000, a threshold first set at the start of this year.

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One in Five Housing Markets Less Affordable than Their Historical Averages

Out of 475 U.S. counties analyzed in the company's latest real estate report, 98—21 percent—had a higher affordability percentage than their historical average. In addition, 58 counties—12 percent of all markets analyzed—posted a median price higher than their bubble-era peaks as values continue to rise.

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Luxury Home Sales Maintain Growth in Q3

Nationwide, home sales fell 1.2 percent in the third quarter compared to the same period last year, the brokerage said in a recent report. Sales have been down year-over-year for every quarter so far in 2014. At the same time, sales of homes priced at at least $1 million continued to lift, rising 9 percent over the past year.

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Accurate Group Launches eSign Solution

Accurate Group, a title and appraisal services firm with headquarters in Ohio, announced the launch of its new e-signature closing solution designed to help lenders streamline the loan closing process and improve the borrower experience.

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