Thu, Aug 31 2017, 10:21 AM
Last month's resurgence in pending home sales didn't last long . Sales ended a three-month fad in June with a 1.5 percent increase in the Pending Home...
Wed, Aug 30 2017, 2:29 PM
To paraphrase Mark Twain, reports of the demise of the ARM may have been greatly exaggerated . The market share of ARMs (adjustable rate mortgages) dr...
Wed, Aug 30 2017, 9:13 AM
Applications for both home purchase mortgages and refinancing declined last week, pulling overall volume lower for the second week in a row. The Mortg...
Tue, Aug 29 2017, 3:16 PM
The bottom line for many mortgage banks recovered significantly in the second quarter of 2017, after two quarters of severely declining profits. The M...
Tue, Aug 29 2017, 1:29 PM
Another day, another Wells Fargo consumer lawsuit. This time the bank is confronting a class action suit accusing it of improperly charging mortgage c...
Tue, Aug 29 2017, 12:11 PM
Freddie Mac reported today that its total mortgage portfolio increased at an annualized rate of 1.8 percent in July. The portfolio balance at the end ...
Tue, Aug 29 2017, 10:32 AM
Although home prices were generally expected to begin cooling off by the middle of 2017, the most recent Case-Shiller Home Price Index suggests the st...
Fri, Aug 25 2017, 10:54 AM
In July, the Consumer Financial Protection Bureau (CFPB) said it was rethinking implementation of its rules changing reporting requirements for the Ho...
Thu, Aug 24 2017, 4:21 PM
The quarterly report from the Mortgage Bankers Association (MBA) based on its National Delinquency Survey seems like old times. MBA reports that most,...
Thu, Aug 24 2017, 11:06 AM
Sales of existing homes, like those for newly constructed ones, performed poorly in July. The National Association of Realtors® (NAR) said today that ...
Thu, Aug 24 2017, 9:59 AM
It is hard to believe that it has taken more than a decade , but Black Knight Financial Services says the foreclosure inventory, after a 12,000-proper...
Wed, Aug 23 2017, 4:38 PM
With mortgage volumes expected to decline, more lenders are telling Fannie Mae that they intend to loosen their credit standards. The company's second...
Wed, Aug 23 2017, 10:50 AM
New home sales in July were expected to remain steady after scoring a slight gain in June, instead they plunged to a rate even lower than those a year...
Wed, Aug 23 2017, 8:42 AM
The volume of refinancing applications, shored up by interest rates that remained at seven- and eight- month lows, rose for the fifth time in the last...
Tue, Aug 22 2017, 9:56 AM
The Federal Housing Finance Agency (FHFA) reported on Tuesday that home prices were up in 48 states and the District of Columbia during the second qua...
Mon, Aug 21 2017, 10:58 AM
Real residential investment subtracted from GDP in the second quarter of the year to the greatest extent since the third quarter of 2010. Fannie Mae's...
Fri, Aug 18 2017, 10:33 AM
Freddie Mac announced today that, going forward, not every application for a purchase mortgage will necessarily trigger an appraisal . A new automated...
Fri, Aug 18 2017, 10:24 AM
As investors flooded into the housing market after it collapses, they brought cash with them. At one point, 35 percent of home sale transactions were ...
Thu, Aug 17 2017, 3:33 PM
Although home affordability is high, relative to pre-crisis levels, the rate at which their prices are increasing is cause for concern. Andrew LePage,...
Thu, Aug 17 2017, 10:04 AM
There is still life left in refinancing. While at nowhere near the levels of a few years ago, Ellie Mae's Origination Insight Report for July reported...
Wed, Aug 16 2017, 10:57 AM
Headstrong is a rather interesting word, but the National Association of Realtors® (NAR) chose it to describe the continuing imbalance between supply ...
Wed, Aug 16 2017, 9:54 AM
After posting unexpectedly high numbers in June, all three residential construction indicators lost ground in July , and one, housing starts, is now r...
Wed, Aug 16 2017, 8:17 AM
A decline in applications for home purchases nearly overwhelmed the gain made by refinancing activity during the week ended August 11. The Mortgage Ba...
Tue, Aug 15 2017, 1:04 PM
One of the many shifts endured by the housing industry during the Great Recession was the entry of institutional investors into the single-family hous...
Tue, Aug 15 2017, 10:31 AM
Builder confidence made a strong comeback this month , surprising analysts and belying some of the gloom expressed by the National Association of Home...
Mon, Aug 14 2017, 5:24 PM
Housing, at least according to Freddie Mac vice president and chief economist Sean Becketti, isn't unaffordable. It just feels that way . Becketti, in...
Mon, Aug 14 2017, 10:45 AM
About a month ago, the National Association of Home Builders (NAHB) seized on the May Job Openings and Labor Turnover survey (JOLTs) report as an indi...
Fri, Aug 11 2017, 6:16 PM
Citing increased fraud affecting its education and testing procedures, the Nationwide Multistate Licensing System (NMLS) is implementing a new biometr...
Thu, Aug 10 2017, 11:28 AM
The Mortgage Bankers Association (MBA) expects there will be a sharp downturn reported in July sales of newly constructed homes. While its Builder App...
Thu, Aug 10 2017, 11:12 AM
Freddie Mac has made some changes to the way in which lenders must handle rental income. The changes are primarily aimed at determining the stability ...
Wed, Aug 9 2017, 2:23 PM
Jumbo loans have historically been more expensive for borrowers than those the meet the "conforming" loan limit - which is currently set at $424,100. ...
Wed, Aug 9 2017, 9:10 AM
CoreLogic reported on Tuesday that the national mortgage delinquency rate in May was the lowest in nearly a decade . The company's Loan Performance In...
Wed, Aug 9 2017, 8:26 AM
Refinancing performed well during the week ended August 4, pulling the Mortgage Bankers Association's Market Composite Index higher. The Index, a meas...
Tue, Aug 8 2017, 11:27 AM
Like all large financial institutions, the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are required by the Dodd-Frank Act to su...
Tue, Aug 8 2017, 9:08 AM
Consumer attitudes toward buying and selling a home turned negative in July. Fannie Mae's National Housing Survey conducted during the month found few...
Mon, Aug 7 2017, 11:28 AM
Fannie Mae and Freddie Mac's (the GSE's) low downpayment loans are apparently beginning to cause some pain for FHA lending. Black Knight's Mortgage Mo...
Mon, Aug 7 2017, 9:18 AM
CoreLogic says conditions in the mortgage market are once again fertile ground for mortgage fraud . The company's National Fraud Risk Index hit a new ...
Fri, Aug 4 2017, 11:23 AM
Fannie Mae and Freddie Mac (the GSEs, or "government-sponsored enterprises") were already well past having paid back taxpayer bailouts before this wee...
Thu, Aug 3 2017, 4:29 PM
Within hours of each other Laurie Goodman, co-director of the Urban Institute's Housing Finance Policy Center, and Melvin Watt, Director of the Federa...
Thu, Aug 3 2017, 11:07 AM
While adjustable rate mortgages (ARMs) make up only a fraction of mortgage originations (just over 6 percent in the most recent Mortgage Bankers Assoc...
Wed, Aug 2 2017, 12:34 PM
Federal Housing Finance Agency Director Melvin L. Watt focused much of his speech to the National Association of Real Estate Brokers (NAREB) on its fi...
Wed, Aug 2 2017, 10:13 AM
In April, the Mortgage Bankers Association (MBA) published its proposal for reform of the housing finance system. This week Mike Fratantoni, MBA's Chi...
Wed, Aug 2 2017, 9:41 AM
The National Association of Home Builders (NAHB) has strongly endorsed passage of a bill, recently introduced into the U.S. Senate which the trade gro...
Wed, Aug 2 2017, 8:43 AM
The volume of mortgage applications declined during the week ended July 28. There were fewer applications for both purchase mortgages and refinancing ...
Tue, Aug 1 2017, 12:11 PM
Construction spending, both public and private, dropped 1.3 percent in June . Spending was at a seasonally adjusted annual rate of $1.21 trillion comp...
Tue, Aug 1 2017, 10:44 AM
Home prices chalked up another healthy gain in June . CoreLogic reports that its Home Price Index (HPI) marked a 6.7 percent increase compared to the ...
Mon, Jul 31 2017, 11:39 AM
Pending home sales recovered from a three-month swoon in June, increasing 1.5 percent in June. The National Association of Realtors® (NAR) said its Pe...
Mon, Jul 31 2017, 9:10 AM
The last of the May's four home price indices (HPI) that MND tracks, the version supplied by Black Knight Financial Services, was released on Monday. ...
Fri, Jul 28 2017, 11:46 AM
The U.S. homeownership rate ticked up by 0.1 percentage point in the second quarter of 2017, to 63.7 percent. The rate, which trended down for several...
Fri, Jul 28 2017, 9:29 AM
Freddie Mac's Outlook this month looks at what it calls "the spoiler," the lean inventory of newly constructed homes for sale. While the situation isn...
