MBA: Mortgage Application Volume Plummeted 11.7% Last Week
Who said rising interest rates won't slow the housing recovery? The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending...
First National Property Data Service, Housefax.com, Launched
Uncovering the true condition of a house is no easy task. To help borrowers get the lowdown on house condition before making a...
MBA Launches First Index Measuring Available Mortgage Credit
The Mortgage Bankers Association (MBA) has introduced what it claims is the only standardized quantitative index solely focused on mortgage credit. The Mortgage...
Three Landlords Sued For Discrimination In Washington State
Three people who own and manage rental homes in and near Kelso and Longview, Wash., are being sued for violating the federal Fair...
CoreLogic: Home Prices Up 12.2% From May 2012 To May 2013
CoreLogic's Home Price Index (HPI) report, based on its Multiple Listing Service data, shows that home prices nationwide, including distressed sales, increased 12.2%...
Veros: California Markets To See Strongest Appreciation In 2013
Nearly 90% of the residential U.S. real estate market is expected to see appreciation over the next 12 months, according to Veros Real...
Stonegate Mortgage Files For IPO
Indianapolis-based Stonegate Mortgage Corp. has reportedly filed with the Securities and Exchange Commission for an initial public offering (IPO), however, the company is...
CoreLogic To Buy DataQuick, MSB For $661 Million
To expand its coverage of the property and casualty insurance industries, CoreLogic has agreed to buy DataQuick Information Systems, DataQuick Lender Solutions and...
Citigroup To Pay Fannie Mae Nearly $1B To Settle Mortgage Claims
Citigroup Inc. has reportedly agreed to pay government-sponsored enterprise (GSE) Fannie Mae $968 million to settle potential future repurchase claims on 3.7 million...
BofA Ships More Mortgage-Related Jobs Overseas
Seeking to reduce operational costs in its appraisal division, Bank of America Corp. (BofA) has reportedly opened a unit in India to review...
Stein: Fed Could Start Wind-Down Of Stimulus Come September
In a speech to the Council on Foreign Relations on Friday, Federal Reserve Gov. Jeremy Stein echoed statements made last week by Chairman...
NAR: Rising Mortgage Rates Boosted Pending Home Sales In May
Pending home sales increased 6.7%, month over month, in May to reach the highest level since late 2006, according to the National Association...
Freddie Mac: Spike In Interest Rates Won’t Slow Recovery
Fixed mortgage rates shot up from 3.93% last week to 4.46% this week, the largest weekly increase since 1987, according to Freddie Mac's...
Study: People With Poor Math Skills More Likely To Default On Their Mortgage
People who stink at math are more likely to default on their mortgage, a study published in Proceedings of the National Academy of...
S&P/Case-Shiller: Home Prices Jumped 1.7% In April
U.S. home prices increased an average of 1.7%, seasonally adjusted, in April compared to March in the top 20 metropolitan markets, according to...
Fed’s Announcement On Tapering Spurs 3% Dip In Mortgage Applications
Interest rates spiked following the Federal Reserve's announcement last Wednesday that it would start tapering its stimulus program at the end of this...
New Home Sales Increased 2.1% In May Despite Rising Prices
Separate reports from the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) confirm what many people already...
AARP Pushing For HECM Reform
AARP, one of the largest and most powerful lobbying groups in Washington, D.C., is advocating for reforms to the Home Equity Conversion Mortgage...
LPS: Home Prices Up 1.5% In April
U.S. home prices continued to rise in April, increasing 1.5% compared to March, according to Lender Processing Services' (LPS) U.S. Home Price Index...
Foreclosure Not A Barrier To Landing Job On Wall Street?
Can someone who has gone through foreclosure still get a job on Wall Street? Would you be surprised if the answer is 'yes?'...