Mortgage Application Volume Keeps Falling, Despite Low Rates
Although it wasn't the dramatic, 9.2% drop seen one week earlier, mortgage application volume continued to decrease during the week ending June 20,...
Credit Union To Pay $25K For Violating Fair Housing Act
Utah-based Mountain America Credit Union will pay $25,000 to settle allegations brought by the U.S. Department of Housing and Urban Development (HUD) that...
Home Price Appreciation Continues To Slow Nationwide
Home price appreciation continued to slow in April, rising just 1.1% compared to March, according to the S&P/Case-Shiller Home Price Index (HPI). That...
HUD Fines Real Estate Company $25K For Fair Housing Act Violations
Brotman Enterprise, a Philadelphia-area real estate company, will pay $25,000 to resolve allegations brought by the U.S. Department of Housing and Urban Development...
More Than A Quarter Of Americans Have No Emergency Savings, Survey Reveals
Here's another reason why it's going to take a while longer for the mortgage market to get moving again: According to a recent...
Existing-Home Sales Up 4.9% In May, But Volume Down Year Over Year
Existing-home sales rose 4.9% in May, compared to April - the largest monthly increase since August 2011, according to the National Association of...
Black Knight: Home Prices Rose 0.9%, On Average, In April
U.S. home prices rose 0.9% in April compared to March - and were up 6.4% compared to April 2013, according to Black Knight's...
RBS To Pay $99.5 Million To Resolve FHFA Lawsuit
RBS Securities Inc. will pay $99.5 million to resolve claims brought by the Federal Housing Finance Agency (FHFA) that the bank sold faulty...
JPMorgan Chase Looking To Sell $303.7 Million In Mortgages
JPMorgan Chase is reportedly looking to sell a portfolio of prime 15-year non-agency mortgages valued at about $303.7 million onto the secondary market....
Ellie Mae: Purchases Now 66% Of Origination Volume
Purchase volume continued to increase in May, reaching 66% of all mortgage volume, as refinance volume continued to fall, according to Ellie Mae's...
Report Ranks U.S. Counties By Natural Disaster Risk
Fulton and Dekalb counties in the Atlanta area; Shelby County in the Memphis, Tenn., area; Worcester County, Mass.; and Oklahoma County in the...
MBA: Mortgage Application Volume Fell 9.2%
After rising 10.3% the week prior, mortgage application volume took a dive during the week ending June 13 - dropping 9.2% and essentially...
Appeals Court Gives Investors Green Light To Sue Merrill Lynch Over Faulty Mortgages
An appeals court in New York has ruled that two trusts administering mortgages on behalf of investors can proceed with a lawsuit against...
Home Builder Confidence Up Despite Lack Of Home Buyer Activity
Despite the fact that it has been a lackluster spring for home sales, overall, home builder confidence in the market for newly built,...
1st Alliance Launches Campaign To Bolster FHA’s ‘Back To Work’ Program
1st Alliance Lending, a full-service mortgage banking and servicing company offering Federal Housing Administration (FHA), Veterans Affairs (VA) and conventional mortgage products, has...
Survey: Lenders Leaving Themselves Vulnerable When Reporting HMDA Data
Many lenders are leaving themselves vulnerable to fair lending exams and significant penalties by not properly monitoring and managing Home Mortgage Disclosure Act...
Mortgage Applications For New Home Purchases Plummeted 8% In May
Applications for mortgages for new home purchases decreased 8%, on an unadjusted basis, in May compared to April, according to the Mortgage Bankers...
CFPB Fines Title Services Company $30K For RESPA Violations
The Consumer Financial Protection Bureau (CFPB) has ordered New Jersey-based Stonebridge Title Services Inc. to pay $30,000 in civil fines after investigators uncovered...
Freddie Mac: Fixed Mortgage Rates Back On The Rise
Mortgage rates climbed for a second week in a row during the week ending June 12, according to Freddie Mac's Primary Mortgage Market...
MBA: Mortgage Application Volume Jumped 10.3%
Could it be that home shoppers are finally emerging from their extra-long winter hibernation? Mortgage application volume jumped 10.3%, on an adjusted basis,...