Wed, Nov 4 2015, 3:28 PM
Fannie Mae has released another set of changes to its Selling Guide. The changes are in the following categories:
Refund of Loan-Level Price Ad...
Tue, Nov 3 2015, 10:58 AM
Mortgage lenders may be missing out on an opportunity to
offer consumers something they are asking for - a wider use of mobile
technology in the m...
Tue, Nov 3 2015, 10:49 AM
After two months of 6.9 percent annual home price increases the September gain
reported by CoreLogic slipped slightly .
The company said its Home ...
Mon, Nov 2 2015, 10:09 AM
There was a sizable increase in mortgage originations for
condominiums and cooperatives in the second quarter of 2015. Purchase applications ros...
Mon, Nov 2 2015, 2:40 PM
Purchase
lending in June was at its highest level since the beginning of the housing
crisis and early reports from the third quarter indicate that...
Mon, Nov 2 2015, 1:14 PM
Residential
construction spending performed slightly better than construction spending as a
whole in September although the entire construction se...
Fri, Oct 30 2015, 1:29 PM
Incidents of fraudulent mortgage applications remained stable
in the second quarter of 2015. CoreLogic,
in its Fraud Report for the quarter, esti...
Thu, Oct 29 2015, 10:47 AM
It wasn't just new home sales that slipped in September. The National Association of Realtors® (NAR)
reports that pending sales also cooled; dipping...
Wed, Oct 28 2015, 9:18 AM
Mortgage applications during the week ended October 23 decreased 3.5
percent on a seasonally adjusted basis from the previous week the Mortgage
Ba...
Tue, Oct 27 2015, 10:41 AM
rice
gains since the recent low have increased faster and were less driven by
inflation than prices during the housing boom of the last decade accor...
Mon, Oct 26 2015, 12:56 PM
Home
prices have now increased 27 percent since hitting bottom in January 2012. Black Knight Financial Services said today
that prices nationally e...
Mon, Oct 26 2015, 11:01 AM
New home sales
nose-dived in September , dropping by 11.5 percent from the August level. A joint release from the U.S. Census Bureau
and the Depar...
Mon, Oct 26 2015, 1:15 PM
Two Pennsylvania metropolitan areas, Scranton and
Harrisburg, won the MiMi seal of approval in August. Freddie Mae said the two moved into what it
...
Fri, Oct 23 2015, 10:52 AM
Several measures of mortgage distress moved up in September
including the early delinquency rate according to Black Knight Financial
Services. The ...
Fri, Oct 23 2015, 10:51 AM
Despite
a steadily decreasing share of distressed sales and fewer investors in the
market all-cash sales have not yet returned to normal levels no...
Thu, Oct 22 2015, 11:02 AM
The sharp downturn in existing home sales in August now seem
little more than a fluke as sales resumed their positive pattern in September. The Na...
Thu, Oct 22 2015, 10:39 AM
Prices of homes purchased in August using Fannie Mae or
Freddie Mac mortgage financing increased by 0.3 percent compared to July the
Federal Housi...
Thu, Oct 22 2015, 2:31 PM
In the midst of what has been a rather interesting several
weeks for housing finance reform Donald H. Layton published a column in Freddie
Mac's Ex...
Wed, Oct 21 2015, 8:51 AM
The Mortgage Bankers Association (MBA) said that increases in
applications for both FHA and VA mortgages were behind a jump in its Market
Composit...
Wed, Oct 21 2015, 3:30 PM
It was only a small change, but a 1 percent decline in the
average FICO scores for loans originated in September took that metric to its
lowest leve...
Tue, Oct 20 2015, 11:49 AM
In what seemed to us to be a very long speech for him, Richard Cordray,
Director of the Consumer Financial Protection Bureau spoke of three major
ch...
Tue, Oct 20 2015, 10:24 AM
Multi-family home construction drove the numbers for most of
the September report on residential construction issued today by the U.S.
Census Bureau...
Tue, Oct 20 2015, 5:26 PM
There
was good news and bad news from the Mortgage Bankers Association (MBA) as it
made 2016 economic predictions to its members gathered in San D...
Tue, Oct 20 2015, 5:25 PM
Fannie Mae has announced three enhancements of data used
through its Desktop Underwriter (DU) system which it says will bring more certainty and sim...
Mon, Oct 19 2015, 10:49 AM
In a recent post on its blog CoreLogic points out it is the
rare appraiser who comes up with a perfect comp - i.e. a house of the same size
and co...
Mon, Oct 19 2015, 10:44 AM
It is official, the slump in builder
confidence is over. The National
Association of Home Builders (NAHB) said today that ten years after it began
...
Mon, Oct 19 2015, 3:47 PM
The
three Republican and one Democrat candidates who unexpectedly lead in the polls
are, David Stevens President of the Mortgage Bankers Association...
Fri, Oct 16 2015, 10:23 AM
The Consumer Financial Protection Bureau (CFPB) has issued its final
rule outlining information lenders must report under the Home Mortgage
Disclos...
Thu, Oct 15 2015, 10:42 AM
RealtyTrac
released both its September and third quarter data on foreclosure activity on
Thursday. A total of 109,130
U.S. properties had foreclosu...
Wed, Oct 14 2015, 9:12 AM
Mortgage applications thus far in October's have scored a net gain of...
just about nothing, falling almost perfect victim to Newton's Third Law last...
Tue, Oct 13 2015, 10:47 AM
Foreclosure
indicators are continuing at levels well above those considered normal by the
housing industry, and that CoreLogic said in its August ...
Fri, Oct 9 2015, 11:18 AM
Distressed property sales continue to shrink as a percentage of all sales,
but CoreLogic says it may be another four years before those shares reach ...
Thu, Oct 8 2015, 10:43 AM
In case you missed it, last month Fannie Mae began to
transition the multi-graph and narrative report detailing results of its
National Housing Surv...
Thu, Oct 8 2015, 1:57 PM
Saying it was "deeply concerned" about how marketing
services agreements are undermining consumer safeguards against kickbacks, the
Consumer Finan...
Wed, Oct 7 2015, 9:05 AM
Declining rates, an impending hurricane, the Blood Moon - who knows what
was behind - it but mortgage application volume went a little crazy last we...
Wed, Oct 7 2015, 3:25 PM
The housing industry has long expected
that pending home sales in a given month will fairly accurately forecast the actual
sales transactions that f...
Tue, Oct 6 2015, 10:47 AM
CoreLogic said on Tuesday that its Home Price Index (HPI)
including distressed sales rose on a year-over-basis for the 42 nd
consecutive month in...
Tue, Oct 6 2015, 10:43 AM
A loosening of access to GSE (Freddie Mac and Fannie Mae) loans
in September, contributed to a slight increase in the Mortgage Credit
Availability I...
Mon, Oct 5 2015, 2:23 PM
Once the recession ended and unemployment, which had
especially impacted Millennials, returned to normal levels, that age group was
expected to inc...
Mon, Oct 5 2015, 1:43 PM
While they aren't doing it at nearly the rate they did
before the Great Recession, Americans are increasingly tapping the equity in
their homes wi...
Thu, Oct 1 2015, 11:47 AM
Even though home prices have increased in a more or less
uninterrupted pattern since early 2012 a joint report form RealtyTrac and Clear
Capital put...
Thu, Oct 1 2015, 11:30 AM
There was a small increase in both publicly and privately
funded construction spending in August.
Privately funded residential spending performed s...
Wed, Sep 30 2015, 8:58 AM
Fannie Mae is initiating what it is calling an "enhanced affordable
lending product it has named the HomeReady mortgage . The new loan is a
reconfi...
Wed, Sep 30 2015, 8:44 AM
Application volumes fell even as interest rates were in a holding pattern
during the week ended September 25. The
Mortgage Bankers Association (MBA...
Tue, Sep 29 2015, 10:48 AM
CoreLogic reported yet another decrease in the share of
all-cash home sales in June. Those sales
accounted for 31.3 percent of the total during...
Tue, Sep 29 2015, 10:39 AM
Price gains accelerated slightly in July, increasing on an annual basis
by 4.7 percent compared to a 4.5 percent year-over-year increase in June. Th...
Mon, Sep 28 2015, 10:46 AM
The volume of pending home sales lessened a bit as summer
wound down after strong numbers were posted in May and June and the July numbers,
while sm...
Mon, Sep 28 2015, 9:30 AM
Prepayment rates continue to signal that the refinancing boom is over . Black Knight Financial Services said that the single month mortality (SMM) o...
Fri, Sep 25 2015, 10:38 AM
A large
northeast savings bank has been named in a consent order filed by the Consumer
Financial Protection Bureau (CFPB) and the Department of Just...
Thu, Sep 24 2015, 11:00 AM
Sales of newly constructed single-family houses, unlike
their existing home counterparts, continued to rise in August. While existing home sales o...
