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NAR: Pending Home Sales Climb Upward

After taking a nosedive in April and recovering in May, pending home sales climbed upward at a steady pace over June, according to a sales index released Thursday by the National Association of Realtors. As regions showed signs of recovery, market watchers faulted leery lenders and bad appraisals for a less-than-timely rebound. Releasing the Pending Home Sales Index, NAR revealed encouraging gains in unclosed contracts, as signings went up by 2.4 percent to settle at 90.9 in June.

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FHA: Total Loan Origination Volume Falls

Plummeting refinance applications crimped Federal Housing Administration mortgage loan applications over June, according to a report issued by the federal agency, with total volume falling 22 percent less than volume at the same time last year. The FHA attributed the plunge to a 50 percent decline in year-over-year numbers for refinance applications. Data from June last year suggests a sharp decline in refinance loan applications, which dropped from 69,876 to 35,367 last month.

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Survey Shows Sellers’ Sentiments on the Rise

Is it really a buyers├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ó market? Not according to recent survey results from J.D. Power and Associates, which demonstrated that sellers are more content than buyers in the current real estate market. The study looked at three key areas of the home-buying process: real estate agents, real estate offices utilized, and auxiliary services. Buyers positivity dropped by around 1 percent between 2010 and 2011, and the decrease is attributed to a 14 point drop in real estate agent satisfaction numbers.

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Mortgage Applications Post Declines Across the Board

As reflected by a weekly survey released Wednesday by the Mortgage Bankers Association, the number of mortgage applications filed by homebuyers declined 5.0 percent from the previous week. The survey showed a dip by 5.0 percent in mortgage loan application volume, as measured by the Market Composite Index, with a corresponding 4.9 percent decline on an unadjusted basis from the week ending July 22. The Weekly Mortgage Applications Survey reviews half of all residential mortgage applications.

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Survey: Lenders Hopeful for Credit Expansion

Lending availability may be in the swings of an expansion, as loan structures and demand loosen, leading to more financing opportunities in the broader economy, according to a second-quarter survey released Wednesday by research firm Phoenix Management Services. The survey posted hopeful signs for an erstwhile tight credit supply, even as it anticipates continued volatility in home construction, real estate, and other markets. The survey used anecdotal and quantitative research.

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Big Second Quarter for BOK

Better credit and revenue health seem to be the influencing factors behind strong quarterly earnings reports from BOK Financial Corporation. The company├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós net interest revenue rose by nearly $4 million between the first and second quarters of this year, while revenue from fees and commissions also increased by over $4 million.

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Report: New-Home Sales Limp Over June

Fewer homebuyers purchased new single-family homes over June, the Census Bureau and HUD reported Tuesday, with sales falling to an annual rate of 312,000 from 315,000 the previous month. Economists say these numbers nonetheless reflect progress from February, when single-family sales hit a record low, while others point to a slowly vanishing foreclosure fleet. The report held that June sales amounted to 1.0 percent, plus or minus 12.5 percent, beneath revised May estimates, still 1.6 percent above estimates from June last year.

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Case-Shiller Levels Hopes for Price Rebound

A Standard & Poor's/Case-Shiller Home Price Index released Tuesday revealed slight bumps in home prices across composites collected for some 20 cities, with the nation's Capitol leading the way with an upward arc, even as existing-home sales flat-lined in June and single-family starts showed nominal signs of life. According to the index, 10- and 20-city composites jumped May over April by 1.1 percent and 1.0 percent, respectively, with only three in 20 assessments showing declines and Phoenix staying unchanged.

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CoreLogic Making Moves in India and U.S.

CoreLogic├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós international operations are making news in India, with the announcement that Cognizant will buy CoreLogic Global Services Pvt. Ltd. for a reported $50 million. The acquisition of CoreLogic Global, better known as CoreLogic India, will likely make Cognizant the third largest information technology services entity in the country, ousting Wipro Ltd. Lenders using the new program will benefit from a high level of customization, including the ability to tailor the alert system.

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Housing Markets Mixed as Debt Talks Splinter

As splintering debt-ceiling negotiations unnerved analysts and ratings agencies, Treasury yields and mortgage rates remained relatively stable over the weekend, reflecting a widespread consensus among investors and market watchers that partisan divisions would soon give way to a grand bargain between policymakers. CNN reported Sunday that House Speaker John Boehner (R-Ohio) refused to agree to a set of conditions at the White House, ending dramatic four-month-long negotiations.

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