NAHB: Despite Challenges, Builders Remain Confident In New Homes Market
Although home builders are hard-pressed to find good skilled labor in most areas of the country - and although the cost of construction...
FNC: U.S. Home Prices Rose 2.5% In Q3
U.S. home prices increased 2.5% in the third quarter, compared to the second quarter, according to FNC's Residential Price Index. Although U.S. home...
MBA: Applications For New Homes Up In October
Why are new home purchases up when sales of existing homes are down? It's simple: There aren't enough new homes on the market...
California Home Sales 15% Below Average For October
An estimated 36,468 new and resale houses and condos sold statewide last month in California, up 1.2% from September and down 7.1% from...
Report: HUD For First Time Rejects Investor Bids On Home Loans
The U.S. Department of Housing and Urban Development (HUD) reportedly rejected low-ball bids from investors on about $450 million of home loans that...
Home Sales Starting To Cool; ‘Bidding Wars’ Waning
With home prices and interest rates rising, inventories increasing, and demand from institutional investors falling - not to mention new regulations taking effect...
MBA: Mortgage Application Volume Continues To Fall
Mortgage application volume decreased 1.8% for the week ending Nov. 8, compared to the previous week, according to the Mortgage Bankers Association's (MBA)...
Borrowers Still Benefiting From Low Mortgage Rates, Reports Freddie Mac
Borrowers are continuing to take advantage of near-record-low mortgage rates to lower their monthly payments and shorten their loan terms - and are...
Freddie Mac Reduces Taxpayer Exposure With Credit Risk Insurance
Government-sponsored enterprise Freddie Mac has obtained an insurance policy underwritten by Arch Reinsurance Ltd. to cover up to $77.4 million of credit losses...
Clinton: Bank Fines Should Be Used To Build New Finance System
What should the approximately $100 billion in fines and penalties paid thus far by the big banks to the U.S. government in connection...
NAR: ‘Burdensome’ FHA Rules Make It Difficult To Buy, Sell Condos
While the Federal Housing Administration (FHA) has loosened its condominium approval requirements in recent years, many properties continue to struggle to meet overly...
CFPB Launches New Tool To Help Consumers Locate Housing Counselors
Choosing a mortgage that is right for a particular borrower's needs isn't a simple task. With many different types of mortgage products on...
Housing Scorecard Shows Improving But Shaky Housing Recovery
There has been progress in the housing recovery - as home prices, purchases of new homes and sales of existing homes continue to...
Choose Your Appraisers Wisely, Cautions The OCC
Mortgage lenders and banks are ultimately responsible for the third-party companies they choose - including their selected appraisers - and should adopt risk-management...
Fannie Mae, Flagstar Reach $121.5M Settlement
Flagstar Bancorp Inc., the holding company for Flagstar Bank, has reached a settlement with government-sponsored enterprise Fannie Mae to resolve mortgage repurchase requests...
NMI Holdings Announces Pricing Of Initial Public Offering
NMI Holdings Inc., the parent company of Emeryville, Calif.-based National Mortgage Insurance Corp. (National MI), has announced the pricing of its initial public...
NAR: Despite Rising Prices And Rates, Existing Home Sales Rose In Q3
Despite rising home prices and mortgage interest rates, a total of about 5.36 million existing homes were sold in the third quarter -...
After Declining For Three Weeks, Mortgage Rates On The Rise Again
After declining slightly for three consecutive weeks, fixed mortgage rates started to rise again during the week ending Nov. 7, according to Freddie...
U.S. Home Prices Stabilizing, CoreLogic HPI Shows
U.S. home prices increased by only 0.2% in September compared to August, according to CoreLogic's Home Price Index (HPI). The slight rise indicates...
Calyx Software Introduces Calyx Verifyde
Calyx Software, a provider of loan origination software, now offers government-required regulatory mortgage compliance reports through its new product Calyx Verifyde. The company...