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");document.write("West Leads Modest Rise in Existing Home Sales
The first increase in existing home sales during the last four months was led by sales in the West. Hurricanes likely restrained activity in the South.

Sales of pre-owned single-family houses, townhomes, condominiums and co-operatives during September were determined to be a preliminary 465,000 units.

Last month's existing home sales brought the total for all nine months that have elapsed so far this year to 4.204 million residential units.

");document.write("Weekly VA Mortgage Business Rises to 4-Month High
rospective mortgage origination activity ascended from the holiday week, with adjustable-rate mortgages seeing the strongest gain. Lending activity for veterans climbed to the highest level in over four months.

During the seven days that concluded on Oct. 20, the U.S. Mortgage Market Index from Mortgage Daily, which is determined based on rate-lock volume at OpenClose, was 149.

Compared to the previous seven-day period that included Columbus Day, the index jumped 16 percent. The index, a barometer of prospective loan closings, is not adjusted for seasonal factors.

");document.write("SunTrust's Mortgage Income, Originations Drop
Home lending and mortgage earnings weakened from a year ago at SunTrust Banks Inc., though earnings improved on a quarter-over-quarter basis. Delinquency deteriorated.

From July 1, 2017, through Sept. 30, income before the provision for income taxes was $765 million, according to SunTrust's third-quarter earnings report.

Income at the Atlanta-based bank-holding company improved from $691 million a year prior and was also up from $752 billion in the prior quarter.

");document.write("Stearns Lending Cutting Southern California Jobs
Well over a hundred mortgage jobs are being eliminated by Stearns Lending LLC. The impacted employees are located in the Golden State.

Data provided last year by the Santa Ana, California-based mortgage banking firm indicated national staffing exceeded 2,000 people.

Headcount had more than doubled from  five years earlier, when Stearns Lending employed fewer than a thousand people.

");document.write("Apartment Lending Sets Another Record
After ascending to the highest level on record in 2015, apartment lending activity again established a new record last year.

The origination of new loans to finance residential properties that have at least five units amounted to $269.2 billion during all of 2016.

Last year's originations turned out to be the biggest single year for multifamily mortgage production ever.

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