Tue, Dec 4 2018, 12:04 PM
It is often billed as the most important and consequential financial decision a household can makes, so it probably follows that buying a home should ...
Tue, Dec 4 2018, 8:13 AM
While their behavior thus far doesn't do much to validate it, a survey by Bank of America (BoA) finds that Millennials put a high priority on homeowne...
Mon, Dec 3 2018, 12:22 PM
Construction spending was lower on a month-over-month basis in October, but an increase in public sector spending held the overall decline to a minimu...
Fri, Nov 30 2018, 11:17 AM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 4.7 percent in October, up from 2.3 percent the pr...
Fri, Nov 30 2018, 9:40 AM
Financial concerns continued for independent mortgage banks and mortgage subsidiaries of chartered banks as they reported, on average, declining profi...
Thu, Nov 29 2018, 10:24 AM
Pending home sales in October failed to build on their small September gains - only the second uptick in six months. The Pending Home Sales Index (PHS...
Wed, Nov 28 2018, 3:32 PM
The party is probably over for the time being when it comes to rate-and-term (i.e. "no cash out") refinancing. But even as rising interest rates stead...
Wed, Nov 28 2018, 11:53 AM
With both interest rates and home prices rising it is nearly impossible to find a housing forecast that doesn't include the word " cooling ." The Nove...
Wed, Nov 28 2018, 11:16 AM
New home sales were expected to make a strong showing in October; the consensus of analysts polled by Econoday was for a sharp increase from the Septe...
Wed, Nov 28 2018, 8:14 AM
Even though the week was shortened by the Thanksgiving holiday MBA's Market Composite Index, a measure of mortgage application volume, managed a 5.5 p...
Tue, Nov 27 2018, 1:05 PM
Given the rapid run-up in home prices over the last year, it's no surprise that loan limits will also be going up in 2019. The Federal Housing Finance...
Tue, Nov 27 2018, 11:28 AM
The views about the direction of home prices diverged slightly in September, as those reported in the S&P CoreLogic Case Shiller indices slowed for th...
Tue, Nov 27 2018, 8:18 AM
Mortgage delinquencies spiked in the September "first look" report from Black Knight, but that was followed by a swift reversal in October. The compan...
Mon, Nov 26 2018, 11:34 AM
"Possibly the only thing worse than a world in which homeownership doesn't work as a wealth-building tool is a world in which it does work as a wealth...
Fri, Nov 23 2018, 10:08 AM
The share of loans that were for refinancing and those where borrowers opted for adjustable rate mortgages (ARMs) both ticked up in October , with the...
Wed, Nov 21 2018, 11:55 AM
Existing home sales broke their extended losing streak in October, increasing 1.4 percent from September to a seasonally adjusted annual rate of 5.22 ...
Wed, Nov 21 2018, 8:25 AM
Fannie Mae's Economic and Strategic Research Group (ESR) upped their projection for economic growth slightly, to 3.1 percent this year , but say housi...
Wed, Nov 21 2018, 8:07 AM
Mortgage rates pulled back slightly during the week ended November 16, but that did little to move mortgage applications higher. The Mortgage Bankers ...
Tue, Nov 20 2018, 10:50 AM
October was another mixed but largely mediocre month for residential construction . Permits were lower both on a monthly and an annual basis, while ho...
Mon, Nov 19 2018, 5:17 PM
Freddie Mac has announced a new collaboration with a handful of rural non-profits to expand sweat equity opportunities to homeowners in several rural ...
Mon, Nov 19 2018, 10:32 AM
Builder confidence took a steep dive this month, reflecting increasing news of slowing home sales and rising concerns over affordability. The National...
Fri, Nov 16 2018, 12:16 PM
The Mortgage Bankers Association (MBA) notes that applications for the purchase of new homes declined by 2.1 percent in October compared to the same m...
Fri, Nov 16 2018, 10:22 AM
The Federal Housing Administration (FHA) said on Thursday that its Mutual Mortgage Insurance Fund (MMI Fund) exceeded its congressionally mandated min...
Thu, Nov 15 2018, 5:27 PM
Fannie Mae has expanded the menu of post-disaster services it is offering to its borrowers. The new services are in addition to the up to 12 months of...
Thu, Nov 15 2018, 12:10 PM
It ain't going to get any easier... The National Association of Home Builders (NAHB) tells us these cheery words encapsulate the attitude of responden...
Wed, Nov 14 2018, 9:39 AM
While reams of research have been done on why members of the Millennial generation are less likely to own a home compared to their baby boomer and Gen...
Wed, Nov 14 2018, 8:08 AM
Mortgage application activity continued to shrink during the week ended November 9. The Mortgage Bankers Association said its Market Composite Index, ...
Tue, Nov 13 2018, 11:17 AM
It may be that California, where home prices have exploded over the last few years, has jumped the shark when it comes to affordability. CoreLogic's A...
Fri, Nov 9 2018, 10:27 AM
The ongoing improvement in mortgage performance hit a slight snag in the third quarter of 2018, one that appears to be disaster related. The Mortgage ...
Thu, Nov 8 2018, 2:43 PM
Housing affordability crept down again in the third quarter of 2018 reaching, according to the National Association of Home Builders (NAHB), a ten-yea...
Thu, Nov 8 2018, 11:58 AM
A deep dig into recent home purchase loans shows that some of the underwriting standards employed by FHA and the GSEs (Fannie Mae and Freddie Mac) eas...
Wed, Nov 7 2018, 12:13 PM
Despite the success of the U.S. economy as of late, housing sentiment seems to have hit a rough patch . Fannie Mae said its Home Purchase Sentiment In...
Wed, Nov 7 2018, 8:14 AM
The week ended November 2 was another week of retreat for mortgage applications as the Mortgage Bankers Association's (MBA's) Market Composite Index d...
Tue, Nov 6 2018, 11:32 AM
The ease of access to mortgage credit rose in October according to the Mortgage Credit Availability Index. An increase in the Index, a product of the ...
Tue, Nov 6 2018, 8:16 AM
Cash-out refinancing is currently a larger share of the refinance market than at any time since the financial crisis . However, the Urban Institute (U...
Mon, Nov 5 2018, 8:24 AM
By mid-October the average interest rate for 30-year fixed rate mortgages (which at that point was at 4.85 percent) represented an increase of 85 basi...
Fri, Nov 2 2018, 10:12 AM
Both of the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, which remain in government receivership ten years after the housin...
Thu, Nov 1 2018, 1:24 PM
Construction spending in September was largely unchanged from where it was in August. The U.S. Census Bureau said that private and public sector spend...
Thu, Nov 1 2018, 11:23 AM
Single family home prices increased during the third quarter of 2018 in 93 percent or 166 of the 178 metropolitan areas tracked by the National Associ...
Wed, Oct 31 2018, 4:19 PM
While they are talking apples and oranges, both the U.S. Census Bureau and ATTOM Data Solutions each took a recent look at residential vacancies . The...
Wed, Oct 31 2018, 8:10 AM
After posting the first across-the-board volume increases in almost a month during the week ended October 19, activity reversed last week, and the sea...
Tue, Oct 30 2018, 4:07 PM
Freddie Mac is forecasting that there will be GDP growth of 3.0 percent in the second quarter of this year, moderating from the strong 4.2 percent gro...
Tue, Oct 30 2018, 10:53 AM
The S&P CoreLogic Case-Shiller U.S. National Home Price Index for August showed an annual appreciation rate that was lower than 6.0 percent for the fi...
Mon, Oct 29 2018, 1:29 PM
The National Association of Realtors® (NAR) says its 2018 Profile of Home Buyers and Sellers confirms that student debt balances are an increasing con...
Fri, Oct 26 2018, 10:31 AM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 2.3 percent in September. The portfolio balance at...
Thu, Oct 25 2018, 3:12 PM
As part of an upgrade to its Desktop Underwriter (DU) that will be issued over the December 8 weekend, Fannie Mae says there will be some adjustments ...
Thu, Oct 25 2018, 10:26 AM
The National Association of Realtors® (NAR) just issued the first positive pending home sales report in months . Pending sales, a leading indicator fo...
Wed, Oct 24 2018, 11:06 AM
New home sales managed to pull out a gain last time they were reported. The question was, with an improving inventory but rising interest rates, could...
Wed, Oct 24 2018, 10:26 AM
Mortgage delinquencies surged by 13.2 percent in September, the largest single-month increase since November 2008. But despite the ominous connotation...
Wed, Oct 24 2018, 10:24 AM
Like most measures of monthly home price appreciation, the Federal Housing Finance Agency's House Price Index (HPI) has slowed in recent months but no...
