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The world's most livable cities for 2017 revealed

(Yahoo) - 9 hours, 17 minutes ago...
 For the seventh year in a row, Melbourne has been named the world's most livable city, in a new list dominated by cities in Australia and Canada. Analysts at The Economist's Intelligence Unit released the 2017 edition of their Global Liveability Report, which ranks 140 cities based on their quality of life across five broad categories: stability, healthcare, culture and environment, education, and infrastructure. This year's list saw 44 cities get bumped or promot...
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Purchases Drag Down Mortgage Application Volume

(Mortgage News Daily) - 9 hours, 17 minutes ago...
 Posted To: MND NewsWireA decline in applications for home purchases nearly overwhelmed the gain made by refinancing activity during the week ended August 11. The Mortgage Bankers Association reported that its Market Composite Index, a measure of application volume, managed to increase a meager 0.1 percent on a seasonally adjusted basis when compared to the previous week. The unadjusted index fell 1 percent. The seasonally adjusted Purchase Index decreased 2 percent from one week earlier and the ...
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More and More eClosings; Credit Score Trends: 850 FICO a Goal?

(Mortgage News Daily) - 9 hours, 17 minutes ago...
 Posted To: Pipeline PressI’ve only been in this business since the mid-80s, and as a capital markets person always find it amusing when an owner says, “If it wasn’t for TBA pair off costs, we would REALLY be making money!” For the antithesis of making money, on this date 10 years ago news broke that First Magnus...well... didn't make money. (And just look at those Fed Fund rates!) Vendor updates Here's the latest from The Mortgage Collaborative, which holds its ...
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MBS Day Ahead: How Much Might Today's Fed Minutes Matter?

(Mortgage News Daily) - 9 hours, 17 minutes ago...
 Posted To: MBS CommentaryToday's biggest calendar item is the release of the FOMC Minutes at 2pm. The Minutes provide synopsis of the meeting that took place in the 2 days leading up to the official Fed announcement in late July. That announcement was very little changed from the previous announcement, but the Fed did take the opportunity to telegraph September's widely anticipated launch of the balance sheet normalization program. The normalization program was laid out in detail at th...
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Rates Rising as North Korea Talks Baseball

(Mortgage News Daily) - 1 days ago...
 Posted To: Mortgage Rate WatchMortgage rates continued higher today as markets reacted to news that North Korea would tactically abstain from launching nuclear weapons at Guam because it was having such a good time watching the "foolish and stupid conduct of the Yankees." Perhaps Kim Jong Un is a Sox fan? Someone should tell him that series is over and that the Mets might not put up as much of a fight. Or perhaps "Yankees" referred to America in general. Either way, markets t...
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Nice Rebound in Builder Confidence - NAHB

(Mortgage News Daily) - 1 days ago...
 Posted To: MND NewsWireBuilder confidence made a strong comeback this month , surprising analysts and belying some of the gloom expressed by the National Association of Home Builders (NAHB) earlier this week about construction labor problems. NAHB said the NAHB/Wells Fargo Housing Market Index (HMI) rose 4 points from its July reading to 68. "Our members are encouraged by rising demand in the new-home market," said NAHB Chairman Granger MacDonald. "This is due to ongoing job and e...
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3 Things Nobody Tells You About Your Credit Score (But Should)

(Yahoo) - 1 days, 19 hours ago...
 It's expensive to have a crummy credit score. It can end up costing you thousands of dollars during your lifetime just in higher interest rates on mortgages, credit cards and car loans. What's far less clear is exactly what a credit score is all about and just how people can change their crummy credit for the better....
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5. Nice Rebound in Builder Confidence - NAHB - (Mortgage News Daily)

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