Mortgage Applications Volume Tumbles

The market index that measures mortgage application volume fell to its lowest level in over twelve years according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 13th, 2013.

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Fannie Mae Loan Modifications Improve in October

The number of loan modifications completed by Fannie Mae increased by over eleven percent in October according to the agency’s Monthly Summary report for October 2013 while single-family delinquency rates hit a five year low.

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