RealtyTrac: 45% Of August Home Sales Were All-Cash
All-cash purchases represented 45% of all residential sales in August, up from 39% in July and 30% in August 2012, according to RealtyTrac's...
Zillow: Mortgage Rates Decline For Second Consecutive Week
Mortgage rates decreased for a second week in a row this week, with the average rate for a 30-year fixed mortgage dropping to...
FHFA: Home Prices Rose 1% In July
U.S. home prices increased about 1% in July, compared to June, and were up 8.8% compared to July 2012, according to the Federal...
RealtyTrac, RentRange Intro ‘Hidden Gem’ Rental Markets List
Buying a home and renting it continues to be a great way for individuals to make a solid investment and increase income, but...
LPS: Home Prices Increased Slightly In July
U.S. home prices rose 0.6% in July, compared to June, and were up 8.7% compared to July 2012, according to Lender Processing Services'...
Private Mortgage Insurance Firms Looking Good To Investors
As home values appreciate and foreclosures fall, the outlook for claims severity for the nation's seven private mortgage insurers has brightened. And with...
Mortgage Insurer USMI Reduces Rates, Expands Underwriting Guidelines
Genworth U.S. Mortgage Insurance (USMI), a unit of Genworth Financial Inc., is reducing its rates and expanding its Simply Underwrite guidelines to eliminate...
NAR: Home Sales May Have Temporarily Peaked
Although existing home sales rose 1.7% on a seasonally adjusted basis in August, according to the National Association of Realtors (NAR), they may...
CFPB Intros New Tool For Accessing HMDA Data
The Consumer Financial Protection Bureau (CFPB) has introduced a set of Web-based tools to provide consumers with easier access to public mortgage data...
Mortgage Insurer Essent Files For IPO
Mortgage insurer Essent Group Ltd. on Monday filed for an initial public offering, backed by investors including Goldman Sachs Group Inc. and George...
Mortgage Rates Drop After Summers Withdraws From Fed Chair Race
Mortgage rates dropped on Monday after former Treasury Secretary Larry Summers withdrew his name from consideration for Federal Reserve Chairman. The average rate...
FHLB of Chicago And Ginnie Mae Gear Up For MBS Sale
The Federal Home Loan Bank (FHLB) of Chicago and the Government National Mortgage Association (Ginnie Mae) are gearing up to issue securities guaranteed...
JPMorgan Chase Loosening Lending Standards
JPMorgan Chase & Co. says it is loosening its lending standards by lowering some down payment requirements in Florida, Nevada, Arizona and Michigan...
Citigroup To Slash 2,200 Mortgage Jobs
Citigroup is the latest big bank planning mass layoffs in its mortgage division due a decline in originations resulting from rising mortgage rates....
Bank Of America May Cut 2,100 Mortgage Jobs
Bank of America Corp. is reportedly cutting 2,100 jobs and closing 16 mortgage offices as origination volume declines on rising interest rates. Of...
Credit Suisse Sued For Allegedly Passing ‘Junk’ MBS
Dublin, Ireland-based investment fund Phoenix Light SF Ltd. has reportedly filed a lawsuit against Zurich, Switzerland-based Credit Suisse Group AG over alleged misrepresentations...
Fannie Mae: Consumers Lost Some Confidence In August
Rising interest rates, combined with uncertainty over when the Federal Reserve will start tapering its bond buying program, as well as concerns over...
MBA: Mortgage Credit Availability Dipped In August
Available credit for mortgages dropped slightly in August, an indication that lending standards are tightening, according to the Mortgage Bankers Association's (MBA) Mortgage...
Home Depot Revenue Up On Housing Recovery
Home Depot is raking in the profits, thanks in part to the housing recovery. In a recent interview, Frank Blake, CEO of the...
Mortgage Rates On The Rise Again
After dipping slightly last week, mortgage rates are on the rise again. According to Freddie Mac's Primary Mortgage Market Survey, the average rate...