New Home Sales Up 7.6% In May
Sales of new single-family houses in May were at a seasonally adjusted annual rate of 369,000, according to estimates released by the U.S....
New Survey: The Housing Bottom Is Closer Than Ever
The long-anticipated housing bottom might be appearing sooner rather than later, according to the June Home Price Expectations Survey conducted by Pulsenomics LLC...
Ellie Mae To Offer 3M Shares Of Common Stock
Ellie Mae, a Pleasanton, Calif.-based provider of enterprise-level, on-demand automated solutions for the residential mortgage industry, has announced that it intends to offer...
Sen. Grassley Questions ‘Confidential’ Review Of NYCHA Operations
Sen. Charles Grassley, R-Iowa, is demanding an explanation on why the New York City Housing Authority (NYCHA) is refusing to make a $10...
Lawsuit Seeks To Have CFPB Declared Unconstitutional
A Texas community bank and two conservative advocacy groups have filed a lawsuit in a U.S. District Court that challenges the legality of...
Florida Home Sales And Prices Up In May
Pending sales, closed sales and median prices rose, while the inventory of homes and condos for sale dropped in Florida's housing market in...
Bowles: Romney Tax Cuts Would Kill Mortgage Interest Deduction
Former White House Chief of Staff Erskine Bowles is predicting that Republican presidential candidate Mitt Romney would have to jettison the mortgage interest...
NAR: Existing-Home Sales Down In May
Total existing-home sales declined 1.5% to a seasonally adjusted annual rate of 4.55 million in May from 4.62 million in April, but are...
New Record Lows For 30-Year FRM And Five-Year ARM
Freddie Mac reports that the 30-year fixed-rate mortgage (FRM) and the five-year adjustable-rate mortgage (ARM) have registered new record lows. The 30-year FRM...
Canadian Government Tightens Mortgage Rules
Canada's finance ministry has announced that it will reduce the maximum amortization period for a government-backed insured mortgage from 30 years to 25...
NRMLA Launches Reverse-Mortgage Education Campaign
The National Reverse Mortgage Lenders Association (NRMLA) has announced a new national public education campaign called 'Borrow with Confidence' that is designed to...
MBA: Mortgage Applications Down Slightly Last Week
Mortgage applications decreased 0.8% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
Mortgage Cadence Acquires Tech Provider To Credit Unions
Denver-based Mortgage Cadence LLC has announced its acquisition of Prime Alliance Solutions Inc., an Edina, Minn.-based provider of mortgage technology and related solutions...
Rep. Neugebauer Questions Competence Of Financial Regulators
The chairman of the House Oversight and Investigations Subcommittee used yesterday's congressional hearing on JPMorgan Chase's recent trading losses to slam the federal...
Zillow: Home Values, Rents Up In May
National home values in May rose for the third month in a row, climbing 0.5% from April, according to new data from Zillow....
ResCap Court Struggle Takes New Turn
The legal tussle over the assets of Ally Financial's ailing Residential Capital (ResCap) unit took another twist yesterday when a U.S. Bankruptcy Court...
CFPB Announces Senior Leadership Changes
The Consumer Financial Protection Bureau (CFPB) has announced several changes to senior leadership positions within the agency. Steven L. Antonakes will now serve...
Bankruptcy Judge Backs Buffett In ResCap Ruling
In a court victory for Warren Buffett's Berkshire Hathaway Inc., a U.S. bankruptcy judge has announced that he will name independent examiner to...
Single-Family Housing Starts Up In May
Single-family housing starts in May were at a rate of 516,000, a 3.2% increase above the revised April figure of 500,000, according to...
RE/MAX: Median Home Prices On The Rise
Median home prices have increased for a fourth consecutive month, according to the latest data compiled in the RE/MAX National Housing Report. RE/MAX...