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Daily market update: Sept. 28, 2015

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

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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...