document.write("<h1>MND NewsWire</h1><div class='RSS_Entry'><h1><a href='http://www.mortgagenewsdaily.com/09022010_fhfa_enterprise.asp' target='new'>FHFA Establishes New Housing Goals for GSEs</a></h1><h2>9/3/2010 7:44:03 AM</h2><p>The Federal Housing Finance Agency (FHFA), conservator of Freddie Mac and Fannie Mae (the Enterprises) has established its final housing goals for the Enterprises in 2010-2011. FHFA is required by the Housing and Economic Recovery Act of 2008 (HERA) to set such goals for targeted segments of the mortgage market The new rules establish three goals for single-family, owner-occupied home purchases; one for low-income families, another for very low-income families, and a third for families living in geographical areas with lower-income populations, areas with high concentrations of minority residents, or federal declared disaster areas. The goal for disaster areas contains a sub-goal to ensure that the needs of lower-income and minority areas are addressed. A goal has also been established for...(<a href=\"http://www.mortgagenewsdaily.com/09022010_fhfa_enterprise.asp\">read more</a>)<p><div style=\"background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;\"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href=\"http://www.mortgagenewsdaily.com/channels/170160/3/forward.aspx\" style=\"color:#3333CC;\">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src=\"http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=170160\" width=\"1\" height=\"1\"></p></div><div class='RSS_Entry'><h1><a href='http://www.mortgagenewsdaily.com/09022010_july_pending_home_sales.asp' target='new'>Pending Home Sales Rebound from Record Low. What Might Boost Buyer Demand?</a></h1><h2>9/2/2010 1:25:00 PM</h2><p>The National Association of Realtors released the Pending Home Sales Index today. NAR's Pending Home Sales Index measures the number of home purchase contracts that were signed in the monthly reporting period. Once \"pending\" sales contracts are closed, they are considered an existing home sale. Because the Pending Home Sales index tells us how many contracts were signed, it is consider a forward indicator of existing home sales. A signed contract is not counted as an existing home sale until the transaction actually closes. Excerpts from the Release... Following a sharp drop in the months immediately after expiration of the home buyer tax credit, pending home sales have modestly risen. The Pending Home Sales Index, a forward-looking indicator, rose 5.2 percent to 79.4 based on contracts signed...(<a href=\"http://www.mortgagenewsdaily.com/09022010_july_pending_home_sales.asp\">read more</a>)<p><div style=\"background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;\"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href=\"http://www.mortgagenewsdaily.com/channels/170181/3/forward.aspx\" style=\"color:#3333CC;\">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src=\"http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=170181\" width=\"1\" height=\"1\"></p></div><div class='RSS_Entry'><h1><a href='http://www.mortgagenewsdaily.com/09022010_neighborhood_stabiization_reo.asp' target='new'>Fed Hosts Neighborhood Stabilization Summit</a></h1><h2>9/2/2010 11:07:00 AM</h2><p>Community organizers, state and federal government officials, and representatives from banking, research and educations institutions are currently meeting in Washington at a REO and Vacant Properties Summit sponsored by the Federal Reserve Bank. The two day conference is focused on examining the problems associated with vacant and abandoned property and to explore approaches to neighborhood stabilization. Governor Elizabeth Duke, Board of Governors of the Federal Reserve opened the summit on Wednesday. In her remarks she introduced the types of issues that are faced by communities with high rates of foreclosure and REO and highlighted some of the lessons learned in the last few years about neighborhood stabilization strategies. She pointed out that the impact of each foreclosure goes far beyond...(<a href=\"http://www.mortgagenewsdaily.com/09022010_neighborhood_stabiization_reo.asp\">read more</a>)<p><div style=\"background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;\"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href=\"http://www.mortgagenewsdaily.com/channels/170144/3/forward.aspx\" style=\"color:#3333CC;\">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src=\"http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=170144\" width=\"1\" height=\"1\"></p></div><div class='RSS_Entry'><h1><a href='http://www.mortgagenewsdaily.com/09012010_construction_spending.asp' target='new'>Recap and Charts: July Construction Spending Data</a></h1><h2>9/1/2010 11:31:00 AM</h2><p>The Census Bureau today released Construction Spending data for July 2010. Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of original building. It includes construction of additional housing units in existing residential structures, finishing of basements and attics, modernization of kitchens, bathrooms, etc. Also included are improvements outside of residential structures, such as the addition of swimming pools and garages, and replacement of major equipment items such as water heaters, furnaces and central air-conditioners. Maintenance and repair work is not included. The value of all construction put in place in the U.S. on an annualized basis was $805.2 billion compared to a rate of $813.1 billion...(<a href=\"http://www.mortgagenewsdaily.com/09012010_construction_spending.asp\">read more</a>)<p><div style=\"background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;\"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href=\"http://www.mortgagenewsdaily.com/channels/169956/3/forward.aspx\" style=\"color:#3333CC;\">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src=\"http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=169956\" width=\"1\" height=\"1\"></p></div><div class='RSS_Entry'><h1><a href='http://www.mortgagenewsdaily.com/09012010_mba_mortgage_applications.asp' target='new'>Rising Refi Index Indicative of Pickup in Prepay Speeds on Recent Vintage MBS</a></h1><h2>9/1/2010 9:35:00 AM</h2><p>The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 27, 2010. The MBA's loan application survey covers over 50% of all U.S. residential mortgage loan applications taken by retail mortgage bankers, commercial banks, and thrifts. The data gives economists a snapshot view of consumer demand for mortgage loans. In a low mortgage rate environment, a trend of increasing refinance applications implies consumers are seeking out a lower monthly payment. If consumers are able to reduce their monthly mortgage payment and increase disposable income through refinancing, it can be a positive for the economy as a whole (creates more consumer spending or allows debtors to pay down personal liabilities like credit cards). A falling trend of...(<a href=\"http://www.mortgagenewsdaily.com/09012010_mba_mortgage_applications.asp\">read more</a>)<p><div style=\"background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;\"><strong>Forward this article via email:</strong>&nbsp;&nbsp;<a href=\"http://www.mortgagenewsdaily.com/channels/169960/3/forward.aspx\" style=\"color:#3333CC;\">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src=\"http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=169960\" width=\"1\" height=\"1\"></p></div>");