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Recent mortgage servicing compliance tests resulted in five test fails among the nation's top mortgage servicers, including Bank of America, Chase, Citi and Wells Fargo, according to a new report from Joseph Smith, monitor of...
Recent mortgage servicing compliance tests resulted in five test fails among the nation's top mortgage servicers, including Bank of America, Chase, Citi and Wells Fargo, according to a new report from Joseph Smith, monitor of...
Mortgage applications reversed directions, falling 3.3% for the week ending June 14, the Mortgage Bankers Association said Wednesday.
Both the refinance and purchase index fell 3%, after each rose 5% a week earlier, the trade group said.
Overall, the refinance...
Parties who acquire residential rental properties via a foreclosure or deed in lieu of foreclosure in Chicago are now required to provide an option to renew the lease or offer relocation assistance to a "qualified tenant." This is according to a new city ordinance that is reshaping tenant's...
Parties who acquire residential rental properties via a foreclosure or deed in lieu of foreclosure in Chicago are now required to provide an option to renew the lease or offer relocation assistance to a "qualified tenant." This is according to a new city ordinance that is reshaping tenant's...
The qualified mortgage rule's full impact on home lending remains somewhat of a mystery, but lawmakers and industry professionals debated the rule's potential influence on the home lending market during a House Subcommittee hearing Tuesday.
Industry experts testified in front of the...
The qualified mortgage rule's full impact on home lending remains somewhat of a mystery, but lawmakers and industry professionals debated the rule's potential influence on the home lending market during a House Subcommittee hearing Tuesday.
Industry experts testified in front of the...
Average selling prices for new homes jumped in the first part of 2013 as a limited supply of homes and a shift towards higher-priced, luxury homes revamped the dynamics of the market, analysts claim.
Additionally, the decline in housing prices from peak levels and historically low...
Average selling prices for new homes jumped in the first part of 2013 as a limited supply of homes and a shift towards higher-priced, luxury homes revamped the dynamics of the market, analysts claim.
Additionally, the decline in housing prices from peak levels and historically low...
The interest rate for a 30-year, fixed-rate mortgage is expected to hover around 4% during the second half of 2013 after rising 0.5 percentage points in the past several weeks, Freddie Mac said in its latest U.S. Economic and Housing Market Outlook.
But don’t expect...
While regulators have been quick to point out the defects within the Federal Housing Administration's Home Equity Conversion Mortgage program, advocates defended...
While regulators have been quick to point out the defects within the Federal Housing Administration's Home Equity Conversion Mortgage program, advocates defended...
The nation shrunk its budget deficit during the first eight months of 2013 as government spending declined overall.
This was equally true when it came to government spending on housing and financial services programs, including the Troubled Asset Relief Program (TARP),...
New home starts on private residences have been teetering over the past few months, but rose 6.8% from the revised April estimate of 856,000, reaching 914,000 in May....
Surging home prices throughout the country have spurred talk of a housing bubble, as many markets are still recovering from the last bubble bursting in 2007.
But Standard & Poor’s Ratings Services states that, although double-digit gains are ultimately unsustainable,...