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Construction Spending maintains new $1 trillion Plus Pace

by devteam July 2nd, 2015

Construction spending in the public and private sectors increased slightly in May to a seasonally adjusted annual rate of $1,035.8 billion . The figure was up 0.8 percent from the April number which was, however substantially revised from $1,006.1 billion

G-Fees Up to 58bps in 2014; Small Lenders Benefit

by devteam July 1st, 2015

In a report prepared for submission to Congress the Federal Housing Finance Agency analyzes the guarantee fees charged by Freddie Mac and Fannie Mae (the GSEs) in 2014 by product type, risk class, and the volume of a lender’s business. It also analyzes

Same Old Story – Rates up, Applications down

by devteam July 1st, 2015

Mortgage applications declined yet again during the week ended June 26. The Mortgage Bankers Association (MBA) said its Market Composite Index, a gauge of mortgage volume, was down 4.7 percent on a seasonally adjusted basis during the week ended June

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