MBA: Mortgage Application Volume Continues To Fall
Mortgage application volume continued to decrease last week, dropping 3.7% compared to the week prior, according to the Mortgage Bankers Association's (MBA) Weekly...
RealtyTrac Partnering With REAL Trends
Real estate data and analytics firm RealtyTrac has inked a deal with brokerage media company REAL Trends to combine the companies' housing data...
S&P/Case-Shiller Index: U.S. House Prices Continued To Rise In May
Low mortgage rates, tight inventory and heavy investor demand continue to drive up home prices nationwide. According to the Standard & Poor's/Case-Shiller index,...
FHFA: Mortgage Interest Rates Continued To Climb In June
The Federal Housing Finance Agency's (FHFA) interest rate survey shows the average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less...
UBS Settles With FHFA For $885M In Mortgage Suit
The Federal Housing Finance Agency (FHFA) has reached a settlement with UBS Americas Inc. for $885 million to cover claims of alleged violations...
Real Housewives Of N.J. Stars Indicted On Mortgage Fraud
Two of the stars of the popular television show 'The Real Housewives of New Jersey,' Teresa Giudice, 41, and her husband, Giuseppe 'Joe'...
LPS: Home Prices Edged Up In May
U.S. home prices increased 1.3% in May to reach an average price of $226,000, according to Lender Processing Services' (LPS) Home Price Index...
NAR: Pending Home Sales Dipped In June
Pending home sales dipped 0.4% in June, due in part to rising interest rates, according to the National Association of Realtors' (NAR) Pending...
Senate Passes Student Loan Fairness Act
With student loan debt now viewed as the No. 1 obstacle preventing young people from buying homes, Congress is moving fast to get...
Mortgage Investors Corp. To Lay Off About 380 Employees
About a month after the Federal Trade Commission (FTC) levied a civil penalty of $7.5 million on St. Petersburg, Fla.-based Mortgage Investors Corp....
Wells Fargo To Exit Eight Mortgage Joint Ventures
Due to regulatory changes that resulted in increased complexity in operating joint ventures, Wells Fargo Ventures, a wholly owned operating subsidiary of Wells...
NRMLA Supports Efforts To Bring Solvency To HECM Program
The National Reverse Mortgage Lenders Association (NRMLA) is supporting pending legislation in the House and Senate that would grant the Department of Housing...
Freddie Mac: Mortgage Rates Dipped For Second Consecutive Week
Mortgage rates dipped for a second week in a row this week following comments from Federal Reserve Chairman Ben Bernanke that the Fed...
MBA: Despite Dip In Interest Rates, Mortgage Application Volume Falls
Although the average interest rate for 30-year fixed-rate mortgages decreased to 4.58% for the week ending July 19, mortgage application volume also decreased...
New Home Sales Up 8.3% In June; Builders Can’t Keep Up With Demand
New home sales increased 8.3% in June compared to May, according to a joint report by the U.S. Census Bureau and the Department...
FNC Rolls Out New Loan Trading Platform
Mortgage technology company FNC Inc., known for its analytical tools for evaluating loan collateral, has introduced a new Web-based technology platform that enables...
D+H Acquires Competitor HFS For $1.2 Billion
Canadian financial services provider Davis + Henderson Corp. (D+H) has agreed to acquire U.S. rival Harland Financial Solutions (HFS) from parent company Harland...
RealtyTrac Intros New Tool To Identify Distressed Properties
To help address the serious shortage of inventory in some areas of the country, RealtyTrac has introduced a new tool that can help...
Fannie Mae: Rising Interest Rates Won’t Stall Housing Recovery
Although mortgage interest rates are expected to continue to rise gradually for the remainder of the year, the increase will not be enough...
FHFA: U.S. Home Prices Rose 0.7% In May
U.S. house prices continued to inch up in May, rising 0.7% on a seasonally adjusted basis compared to April, according to the Federal...