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MONTH IN REVIEW ARE YOU LOOKING FOR A BEST IN CLASS SOLUTION TO AVOID... • Missed Parcel • Late Payments • Costly Penalties/Interest • Tax or HOA Liens • Foreclosed Properties • Tax Sales • Missed Flood Zone Coverage • Compliance Issues TIRED OF DEALING WITH ISSUES THAT ARISE WHEN SERVICING YOUR REAL ESTATE PORTFOLIO? 130 S Jefferson Street, Suite 300 Chicago, IL 60661 1.888.627.5494 12 | TH E M R EP O RT Drilling into the Data This month, researchers were hard at work polling the industry, analyzing new stats, and interpreting the numbers to determine the housing trends that will impact us in the new year. 1 According to a Zillow poll released in November, amidst political division, one value is shared across the nation—homeownership. In Zillow's Housing Aspirations Report, 68.7 percent of Republicans and 65.1 percent of Democrats reported owning a home as a crucial part of living the American Dream. 2 The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes Index closed in late September was 4.00 percent. This is down 5 basis points from the 4.05 percent rate in August, according to data released by the FHFA last month. 3 A poll released by Lenders One last month found that 74 percent of mortgage profes- sionals said they are very concerned about guarding customers' personally identifiable information during the mortgage originations and trading processes. 4 A new study by LendingTree examined U.S. migration patterns, finding that the South is leading the way in terms of moving trends, with Florida being the top new destination for 18 out of 50 states. 5 In a study looking at the 50 most popu- lous cities across North America, the top five least-affordable cities were Vancouver, Manhattan, San Francisco, Brooklyn, and New York. The winner in most affordability not just in the U.S. but in all of North America, was Detroit. 6 The FHFA reported that in 2016, Fannie Mae's total business volume was $637.4 bil- lion, while Freddie Mac's total business volume in 2016 was $445.7 billion. 7 According to Zillow, homes will increase by a median value of around $6,000 in 2018, which translates to potential buyers needing to save roughly $100 extra per month. 8 A Mortgage Lender Sentiment Survey Fannie Mae released found that 90 percent of consumers say they want person-to-person com- munication—either face-to-face, on the phone, or via email—with their mortgage lenders. 9 The latest Ellie Mae Millennial Tracker report released last month found that refis by millennial borrowers made up 14 percent of all closed loans in September.

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