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Daily market update: Sept. 28, 2015

Our daily summary of market news, updated regularly with new tidbits

We'll add more market news briefs throughout the day. Check back to read the latest. The Federal Housing Finance Agency's second-quarter Foreclosure Prevention Report: Fannie Mae and Freddie Mac completed 63,593 foreclosure prevention actions in the second quarter (Q2) of 2015. The real estate-owned inventory for both government-sponsored enterprises declined 14 percent during Q2. The number of 60-plus-day delinquent loans declined 6 percent during Q2. NAR's August Pending Home Sales: Pending home sales decreased 1.4 percent to 109.4 in August 2015 from July 2015. Pending home sales are still up 6.1 percent year-over-year. The national median existing-home price is expected to increase 5.8 percent in 2015 to $220,300. [gview file="http://www.inman.com/wp-content/uploads/2015/09/PHS1508.pdf"] Black Knight July 2015 Home Price Index Report: U.S. home prices were up 0.4 percent month-over-month in July 2015. They were up 5.3 percent year-over year. This...