Tue, Oct 20 2015, 11:49 AM
In what seemed to us to be a very long speech for him, Richard Cordray,
Director of the Consumer Financial Protection Bureau spoke of three major
ch...
Tue, Oct 20 2015, 10:24 AM
Multi-family home construction drove the numbers for most of
the September report on residential construction issued today by the U.S.
Census Bureau...
Tue, Oct 20 2015, 5:26 PM
There
was good news and bad news from the Mortgage Bankers Association (MBA) as it
made 2016 economic predictions to its members gathered in San D...
Tue, Oct 20 2015, 5:25 PM
Fannie Mae has announced three enhancements of data used
through its Desktop Underwriter (DU) system which it says will bring more certainty and sim...
Mon, Oct 19 2015, 10:49 AM
In a recent post on its blog CoreLogic points out it is the
rare appraiser who comes up with a perfect comp - i.e. a house of the same size
and co...
Mon, Oct 19 2015, 10:44 AM
It is official, the slump in builder
confidence is over. The National
Association of Home Builders (NAHB) said today that ten years after it began
...
Mon, Oct 19 2015, 3:47 PM
The
three Republican and one Democrat candidates who unexpectedly lead in the polls
are, David Stevens President of the Mortgage Bankers Association...
Fri, Oct 16 2015, 10:23 AM
The Consumer Financial Protection Bureau (CFPB) has issued its final
rule outlining information lenders must report under the Home Mortgage
Disclos...
Thu, Oct 15 2015, 10:42 AM
RealtyTrac
released both its September and third quarter data on foreclosure activity on
Thursday. A total of 109,130
U.S. properties had foreclosu...
Wed, Oct 14 2015, 9:12 AM
Mortgage applications thus far in October's have scored a net gain of...
just about nothing, falling almost perfect victim to Newton's Third Law last...
Tue, Oct 13 2015, 10:47 AM
Foreclosure
indicators are continuing at levels well above those considered normal by the
housing industry, and that CoreLogic said in its August ...
Fri, Oct 9 2015, 11:18 AM
Distressed property sales continue to shrink as a percentage of all sales,
but CoreLogic says it may be another four years before those shares reach ...
Thu, Oct 8 2015, 10:43 AM
In case you missed it, last month Fannie Mae began to
transition the multi-graph and narrative report detailing results of its
National Housing Surv...
Thu, Oct 8 2015, 1:57 PM
Saying it was "deeply concerned" about how marketing
services agreements are undermining consumer safeguards against kickbacks, the
Consumer Finan...
Wed, Oct 7 2015, 9:05 AM
Declining rates, an impending hurricane, the Blood Moon - who knows what
was behind - it but mortgage application volume went a little crazy last we...
Wed, Oct 7 2015, 3:25 PM
The housing industry has long expected
that pending home sales in a given month will fairly accurately forecast the actual
sales transactions that f...
Tue, Oct 6 2015, 10:47 AM
CoreLogic said on Tuesday that its Home Price Index (HPI)
including distressed sales rose on a year-over-basis for the 42 nd
consecutive month in...
Tue, Oct 6 2015, 10:43 AM
A loosening of access to GSE (Freddie Mac and Fannie Mae) loans
in September, contributed to a slight increase in the Mortgage Credit
Availability I...
Mon, Oct 5 2015, 2:23 PM
Once the recession ended and unemployment, which had
especially impacted Millennials, returned to normal levels, that age group was
expected to inc...
Mon, Oct 5 2015, 1:43 PM
While they aren't doing it at nearly the rate they did
before the Great Recession, Americans are increasingly tapping the equity in
their homes wi...
Thu, Oct 1 2015, 11:47 AM
Even though home prices have increased in a more or less
uninterrupted pattern since early 2012 a joint report form RealtyTrac and Clear
Capital put...
Thu, Oct 1 2015, 11:30 AM
There was a small increase in both publicly and privately
funded construction spending in August.
Privately funded residential spending performed s...
Wed, Sep 30 2015, 8:58 AM
Fannie Mae is initiating what it is calling an "enhanced affordable
lending product it has named the HomeReady mortgage . The new loan is a
reconfi...
Wed, Sep 30 2015, 8:44 AM
Application volumes fell even as interest rates were in a holding pattern
during the week ended September 25. The
Mortgage Bankers Association (MBA...
Tue, Sep 29 2015, 10:48 AM
CoreLogic reported yet another decrease in the share of
all-cash home sales in June. Those sales
accounted for 31.3 percent of the total during...
Tue, Sep 29 2015, 10:39 AM
Price gains accelerated slightly in July, increasing on an annual basis
by 4.7 percent compared to a 4.5 percent year-over-year increase in June. Th...
Mon, Sep 28 2015, 10:46 AM
The volume of pending home sales lessened a bit as summer
wound down after strong numbers were posted in May and June and the July numbers,
while sm...
Mon, Sep 28 2015, 9:30 AM
Prepayment rates continue to signal that the refinancing boom is over . Black Knight Financial Services said that the single month mortality (SMM) o...
Fri, Sep 25 2015, 10:38 AM
A large
northeast savings bank has been named in a consent order filed by the Consumer
Financial Protection Bureau (CFPB) and the Department of Just...
Thu, Sep 24 2015, 11:00 AM
Sales of newly constructed single-family houses, unlike
their existing home counterparts, continued to rise in August. While existing home sales o...
Thu, Sep 24 2015, 10:48 AM
Home sales, including both single
family and condominiums, are on track to reach an eight year high this year
according to RealtyTrac's August U.S....
Wed, Sep 23 2015, 10:54 AM
The Consumer Financial
Protection Bureau (CFPB) said this week that debt collection generated the most
complaints about financial products or serv...
Wed, Sep 23 2015, 9:00 AM
It was a full week after a holiday foreshortened one and also the week in
which the long awaited Federal Open Market Committee move to begin interest...
Wed, Sep 23 2015, 2:26 PM
Twenty-nine states and the District of
Columbia have now moved within their own range of stable housing activity
according to Freddie Mac's Multi-...
Tue, Sep 22 2015, 10:59 AM
The "dazzling changes" in the mortgage market over
the last decade were the topic of address last week by Richard Cordray to the
National Associatio...
Tue, Sep 22 2015, 10:39 AM
Home prices made an unexpected surge in July the Federal
Housing Finance Agency said today. The month-over-month change was +0.6 percent
while, acco...
Mon, Sep 21 2015, 11:20 AM
Even as the market share of first-time
buyers continued to inch up, overall sales of existing homes declined in
August. The National Association of...
Fri, Sep 18 2015, 12:06 PM
Foreclosure activity in the U.S.
declined on a year-over-year basis for the first time in six months. RealtyTrac said today that there were a tota...
Thu, Sep 17 2015, 10:40 AM
Freddie
Mae has unveiled another round of changes to its Single-Family
Seller/Servicer Guide. There are more
than a half dozen changes effecting m...
Thu, Sep 17 2015, 10:35 AM
More lenders are seeing an easing of mortgage lending
standards Fannie Mae said today. In its third
quarter Mortgage Lender Sentiment Survey indi...
Thu, Sep 17 2015, 10:22 AM
This morning's Residential Construction report from the
Census Bureau and Department of Housing and Urban Development for August was
mixed with a mo...
Wed, Sep 16 2015, 11:46 AM
The National Association of Home Builders (NAHB)/Wells Fargo
Housing Market Index (HMI) ratcheted up another point this month continuing a
steady ri...
Wed, Sep 16 2015, 9:09 AM
The Mortgage Bankers Association (MBA) reported that, as usually
occurs during a holiday week, mortgage applications declined significantly during
t...
Wed, Sep 16 2015, 3:35 PM
It was only one point but the average FICO score on closed
loans did decrease slightly in August to 724, the lowest average score since
February 2...
Tue, Sep 15 2015, 10:35 AM
Owners of more than three-quarters of a
million U.S. homes regained equity in those homes during the second quarter of
2015. CoreLogic said on Tu...
Tue, Sep 15 2015, 4:52 PM
Low interest rates are typically thought of as advantageous
to borrowers but not so good, perhaps even harmful to investors. The Wells Fargo/Gallup ...
Mon, Sep 14 2015, 12:09 PM
It has been almost a month since the Federal Housing Finance Agency (FHFA) announced the final goals for affordable housing for mortgages and rental...
Mon, Sep 14 2015, 3:24 PM
CoreLogic has released figures showing that residential real
estate in 14 of the 100 top real estate markets in the country were overvalued
in the s...
Fri, Sep 11 2015, 12:36 PM
The Mortgage Bankers
Association has rolled out a series of flyers and a PowerPoint presentation as
resources ahead of the impending implementation ...
Fri, Sep 11 2015, 1:57 PM
Data collected from lenders under the
mandate of the Home Mortgage Disclosure Act (HMDA) is due to be released later
this month but CoreLogic is adv...
