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Fannie Mae on Q4: Existing home sales will be lowest since 2010

Housing Wire

million on an annualized basis – the lowest since Q3 2010. Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 Fannie Mae expects Q4 seasonally adjusted existing home sales to be 3.9 Total home sales are projected to come in at around 4.8 million in 2023, 4.7 million in 2024 and 5.3 million in 2025. in 2024 and 6.9%

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Why foreclosures are still below pre-pandemic levels

Housing Wire

FICO score data The FICO score data for housing has been impressive since the Qualified Mortgage (QM) laws were implemented after 2010. has avoided a recession since 2010 (excluding the impact of COVID-19), I believe the QM mortgage law and the 2005 bankruptcy reform law have played significant roles. When I consider why the U.S.

Law 456
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A Closer Look at YOY Foreclosure Filings 

Appraisal Buzz

million in 2010. housing units, down slightly from 0.25% in 2023, and down from 0.36% in 2019, and down from a peak of 2.23% in 2010. Foreclosure filings in 2024 were also down 89% from a peak of nearly 2.9 The 322,103 properties with foreclosure filings reported on in 2024 represented 0.23% of all U.S.

Lending 389
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Mortgage Credit Availability Tightens in September 

Appraisal Buzz

The expanded historical series, which spans 2004 to 2010, was developed to give the current series historical context by illuminating changes in loan availability during the previous ten years, including the housing crisis and recession that followed. Note: The expanded historical series from 2004 to 2010 does not include updated methodology.

Mortgage 387
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The state of US homeownership: Younger buyers hold the key

Housing Wire

My housing economic model started in 2010 and I separated my work into two different timelines. The loan profile of buyers during the post-2010 expansion is excellent. From Census : The homeownership rate of 65.7 percent was virtually the same as the rate in the fourth quarter 2023 (65.7 This leaves a lot of homeowners in place.

Buyers 430
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HUD reinstates nonprofit’s affordable housing grants after appeal

Housing Wire

Enterprise has administered more than $80 million in technical assistance and direct contracts since 2010, partnering with more than 700 communities in the U.S.

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CrossCountry Mortgage hires former Pennymac execs

Housing Wire

Meanwhile, Rettinger joined Pennymac in 2010 after holding leadership roles at Bank of America and HSBC. He was then replaced by William Chang, who had joined the company in 2012 after 13 years at Credit Suisse. In October, Chang stepped down and was succeeded by Mark Elbaum. He left in June.

Mortgage 367