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'Most Influential' reader nominees

By Inman News, Thursday, October 1, 2009.

Editor's note: The information here is provided by Inman News readers and is subject to review and verification by the Inman News editorial department. The individuals listed here have been nominated for one or more "Most Influential" lists. For more information about the "Most Influential" lists, click here. The online nomination form is available here: http://www.inman.com/most-influential.  more...

30-year fixed rate below 5% again

By Inman News, Thursday, October 1, 2009.

Rates on 30-year fixed-rate mortgages for borrowers with good credit fell below 5 percent this week for the first time since May, Freddie Mac said in releasing the results of its Primary Mortgage Market Survey.

But demand for mortgages was down slightly last week, the Mortgage Bankers Association said in another survey.  more...

Pending sales rise for 7th straight month

By Inman News, Thursday, October 1, 2009.

Pending home sales rose rose 6.4 percent from July to August, to the highest level in more than two years, the National Association of Realtors said.

August marked the seventh straight month of increases in NAR's pending home sales index. But there has likely been some double-counting in recent months because some buyers who were under contract but failed to close have signed new contracts to buy, said Lawrence Yun, NAR chief economist.  more...

Lenders want one set of rules Premium Content

By Inman News, Thursday, October 1, 2009.

The broad powers to be vested in a proposed Consumer Financial Protection Agency and the ability of states to draft their own, tougher rules for mortgage lenders continue to trouble the lending industry.

A draft bill floated by Rep. Barney Frank, D-Mass., would create an agency along the lines of a proposal put forward by the Obama administration, while attempting to address some lending industry concerns.  more...