Trump Tells Investors: Go Buy A House
Donald Trump has advice for investors: consider residential real estate. In an interview on CNBC's 'Squawk Box,' the real estate mogul cited 'very...
Equifax Debuts Fraud Mitigation Solution
Atlanta-based Equifax has announced the availability of Suspicious ID, a new fraud mitigation solution designed to protect financial institutions and consumers by rapidly...
Fannie Mae To Roll Out Desktop Underwriter Version 9.0
Fannie Mae has announced that it will implement Desktop Underwriter (DU) Version 9.0 during the weekend of Oct. 20. Loan case files created...
MBA: Mortgage Applications Up 0.9%
The Mortgage Bankers Association's (MBA) market composite index, a measure of mortgage loan application volume, increased 0.9% on a seasonally adjusted basis for...
Fitch Ratings Predicts Further Drop In Personal Bankruptcy Filings
Fitch Ratings is forecasting that U.S. personal bankruptcy filings are likely to decline by 11% for the current year. The ratings agency is...
Rival Data Sources Debate Status Of Housing Recovery
Did the U.S. housing market finally hit its long-expected bottom? One data source insists the bottom has been reached, while two others strongly...
NAFCU Elects Michael J. Parsons Chairman
Michael J. Parsons, president and CEO of First Source Federal Credit Union, headquartered in New Hartford, N.Y., has been elected chairman of the...
Cordray: I’d Serve Under Romney
Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), says that he would serve out the remainder of his term if Mitt...
Report Claims Racial Disparity In Government-Backed Loan Origination
A coalition of community organizations has issued a report stating there was evidence of a 'two-tiered mortgage market characterized by high rates of...
Five Community Banks Are Shut Down
Five community banks were closed late last week, with the Federal Deposit Insurance Corp. (FDIC) being named as their receiver. The Georgia Department...
CoesterVMS Expands To 6,000 Square-Foot Operations Center
Rockville, Md.-based CoesterVMS, a provider of appraisal management services and technology, has leased a new 6,000 square-foot operations center in Virginia Beach, Va....
HUD Provides $12.7M For Native Hawaiian Housing Program
The U.S. Department of Housing and Urban Development (HUD) has announced that it will provide $12.7 million in funding to produce affordable housing...
Florida Single-Family Home Sales Up 5.3 Percent In June
Closed sales of existing single-family homes in Florida totaled 18,800 in June, up 5.3% compared to the year-ago figure, according to data from...
San Francisco Bay Area Home Prices Near Four-Year High
The median price paid for a San Francisco Bay Area home in June jumped to its highest level in almost four years, according...
Freddie Mac: Another Week Of Record-Low Mortgage Rates
The average 30-year and 15-year fixed-rate mortgages (FRMs) continue to hit all-time record lows, along with the five-year adjustable-rate mortgage (ARM), according to...
Bernanke: Fed Audit Will Create ‘Nightmare Scenario’
Federal Reserve Chairman Ben Bernanke has condemned legislation proposed by Rep. Ron Paul, R-Texas, to audit the Federal Reserve, calling it a 'nightmare...
NAR: Home Sales Declined In June
Total existing-home sales in June declined 5.4% to a seasonally adjusted annual rate of 4.37 million from an upwardly revised 4.62 million in...
Housing Starts Up In June
Privately owned housing starts in June were at a seasonally adjusted annual rate of 760,000 - 6.9% above the revised May estimate of...
RE/MAX: Median Home Sale Prices Up In June
The median sales price of homes sold in June was $170,067, up 2.5% from May and a 3.7% increase from June 2011, according...
MBA: Record-Low Mortgage Rates Spark Refinance Surge
Refinance activity has taken a dramatic leap skyward, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending...