Fri, Jun 2 2017, 2:22 PM
House Majority Leader Kevin McCarthy (R-CA) has told reporters he expects a full House vote next week on H.R. 10, The Financial Choice Act which was v...
Thu, Jun 1 2017, 11:41 AM
Fannie Mae said on Wednesday that its Book of Business increased at a compounded annual rate of 1.3 percent in April to a value of $3.164 trillion. Th...
Thu, Jun 1 2017, 10:55 AM
The total amount of construction put in place nationally fell in April, but continues at a pace higher than at the same point in 2016. The U.S. Census...
Wed, May 31 2017, 11:49 AM
Several entities that wonder about such things have commented recently on the apparent reluctance of homeowners to sell their homes. Historically Amer...
Wed, May 31 2017, 11:01 AM
Fannie Mae has announced changes in underwriting for loans submitted to its Desktop Underwriter (DU), Version 10.1. The new DU version will be impleme...
Wed, May 31 2017, 10:15 AM
Pending home sales had been expected to rise slightly in April after declining 0.8 percent in March. Instead, the National Association of Realtors'® (...
Wed, May 31 2017, 9:06 AM
The volume of applications for mortgages tumbled during the week ended May 26. Purchase applications were down for the third straight week and refinan...
Tue, May 30 2017, 1:59 PM
CoreLogic's analysts continue to report on the validity of appraisals. A blog entry from last December found that thirty percent of appraisals the com...
Tue, May 30 2017, 10:36 AM
Black Knight Financial Services (BK), released its Home Price Index (HPI) on Tuesday. It was in general agreement with the S&P CoreLogic Case-Shiller'...
Tue, May 30 2017, 10:06 AM
Home prices across the nine U.S. census divisions hit a 33-month high in March . The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 5....
Thu, May 25 2017, 11:09 AM
Rather than taking a step back this year, home sales now seem ready to best their 2016 numbers. Freddie Mac's economists admit that, up until this mon...
Thu, May 25 2017, 11:06 AM
It often gets lost in the shuffle, but the Federal Housing Finance Agency (FHFA) is not just the regulator and conservator of the government sponsored...
Wed, May 24 2017, 10:04 AM
Existing homes declined in April, falling back by 2.3 percent in April when compared to March 2017 levels. The National Association of Realtors® (NAR)...
Wed, May 24 2017, 9:56 AM
The Federal Housing Finance Agency (FHFA) is reporting another significantly high set of results for its Housing Price Index (HPI). The current values...
Wed, May 24 2017, 8:29 AM
While Black Knight Financial Services maintains it was a function of seasonality, mortgage delinquencies increased in April by the largest percentage ...
Wed, May 24 2017, 8:24 AM
Refinancing shored up the Mortgage Bankers Association's Market Composite Index during the week ended May 19. While purchase mortgages slowed , the Co...
Tue, May 23 2017, 3:53 PM
The U.S. Department of Housing and Urban Development (HUD) released its proposed 2018 budget on Tuesday, saying it will continue to provide rental ass...
Tue, May 23 2017, 10:08 AM
Sales of newly constructed homes lost momentum in April, reversing three straight months of gains. The Census Bureau and the Department of Housing and...
Fri, May 19 2017, 8:46 AM
The status of the GSE's (Fannie Mae and Freddie Mac), as well as the topic of housing finance reform continue to be "hot," according to Melvin L. Watt...
Thu, May 18 2017, 11:45 AM
Conventional wisdom, the lending version, holds that refinance loans are inherently less risky than purchase loans, but a recent analysis from the Urb...
Thu, May 18 2017, 11:06 AM
The average period necessary to close a mortgage shortened again in April, dwindling by another day from the March timeline to 42 days . This was the ...
Thu, May 18 2017, 10:57 AM
This may, or may not be a cause for celebration. The New York Federal Reserve Bank, using credit data from Equifax, reports that Americans are now bac...
Wed, May 17 2017, 9:53 AM
The Home Affordable Refinance Program or HARP may be in its waning days, but is still being used by underwater homeowners . The Federal Housing Financ...
Wed, May 17 2017, 9:40 AM
Fannie Mae's Economic and Strategic Research Team had as a headline for its May forecast, It's Déjà Vu All Over (and Over) Again. Déjà vu indeed, as f...
Wed, May 17 2017, 8:38 AM
The Mortgage Bankers Association (MBA) said today that mortgage applications were down across the board during the week ended May 12, with refinancing...
Tue, May 16 2017, 9:08 AM
All three residential construction measures for April were lower than those in March. The Census Bureau and the Department of Housing and Urban Develo...
Mon, May 15 2017, 11:17 AM
Applications for new home purchase mortgages fell by 19.4 percent on a non-seasonally adjusted basis in April. The Mortgage Bankers Association said r...
Mon, May 15 2017, 10:33 AM
Builder confidence just hit its highest level since December , reaching the second highest level since well before the housing crisis began. The Natio...
Mon, May 15 2017, 1:29 PM
The first quarter of 2017 the year saw home prices in large metropolitan areas appreciate at the fastest rate in nearly two years . The National Assoc...
Fri, May 12 2017, 12:39 PM
Rising wages helped to boost housing affordability in the first quarter, even as interest rates rose. The National Association of Home Builders (NAHB)...
Thu, May 11 2017, 2:48 PM
Federal Housing Finance Agency (FHFA) Director Mel Watt had three messages for the U.S. Senate Committee on Banking, Housing, and Urban Affairs on Thu...
Wed, May 10 2017, 8:20 AM
Both purchase and refinance applications increased during the week ended May 5. The Mortgage Bankers Association said its Market Composite Index, a me...
Tue, May 9 2017, 10:28 AM
After moving along a nearly flat track for several years, consumer sentiment regarding whether "now" is a good time to buy a home started to rise and ...
Tue, May 9 2017, 10:22 AM
While the historically low homeownership rate as reported by the Census Bureau has improved only marginally over the last year, a recent survey by Gal...
Tue, May 9 2017, 10:12 AM
The Consumer Financial Protection Bureau is revisiting its 2013 RESPA Mortgage Servicing Rule. The rule, after several amendments, took effect on Janu...
Tue, May 9 2017, 2:56 PM
Earlier this week we reported that BuzzFeed reporter Mary Ann Georgantopoulos had released a copy of an April letter sent by House Financial Services ...
Tue, May 9 2017, 2:51 PM
CoreLogic's monthly Loan Performance Report for February shows the national mortgage delinquency rate, loans that were 30 or more days past due, decli...
Mon, May 8 2017, 10:15 AM
Can a letter, or another form of communication, sent by Party A and received by Party B, remain the exclusive property of Party A, even when in the ph...
Thu, May 4 2017, 11:44 AM
After years of quantitative easing, the Federal Reserve is estimated to own $1.75 trillion in agency mortgage-backed securities (MBS). The securities ...
Thu, May 4 2017, 11:31 AM
There was a very slight downward change in the availability of mortgage credit last month, driven primarily by on ongoing slippage in the availability...
Wed, May 3 2017, 9:03 AM
Mortgage application volume decreased for the second consecutive week as the growing pool of purchase mortgage applications just missed covering the g...
Tue, May 2 2017, 10:57 AM
Home prices measured by CoreLogic's Home Price Index (HPI) posted their largest gains in nearly a year in March, continuing to confound the company's ...
Tue, May 2 2017, 10:54 AM
Down but not out. It ain't over 'til its over... All available clichés may apply to Ocwen Financial Corporation. At least the corporation hopes so. Th...
Tue, May 2 2017, 10:50 AM
In the second quarter of last year the homeownership rate hit its lowest level in U.S. Census Bureau reports going back 20 years, 62.9 percent. This c...
Tue, May 2 2017, 10:06 AM
The Supreme Court ruled on Monday, in Bank of America Corp. v City of Miami , that cities can bring suits alleging discrimination under the Fair Housi...
Mon, May 1 2017, 2:13 PM
It wouldn't be surprising to find both lenders and consumers suffering from whiplash following the first quarter of 2017. Mortgage rates, which shifte...
Mon, May 1 2017, 1:19 PM
Construction spending dipped slightly in March, although privately funded spending held its ground and residential construction activity was at a high...
Fri, Apr 28 2017, 11:32 AM
Here we go again? Sam Khater, CoreLogic's deputy chief economist, says loan performance is beginning to show some cracks in what has been a near perfe...
Fri, Apr 28 2017, 11:29 AM
The share of sales that are all-cash continues at an elevated level. CoreLogic reports cash transactions accounted for 36.5 percent of all home sales ...
Thu, Apr 27 2017, 10:28 AM
Is there mostly good news in the negative number for March pending home sales? The National Association of Realtors says yes. The NAR's Pending Home S...
