Mortgage application defects keep rising

Mortgage application defects keep rising

Michigan, Florida, Texas lead First American application defect index

Monday Morning Cup of Coffee: When will mortgage lending pick up?

Plus, more on the future of Fannie and Freddie

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It isn't the 1980s anymore
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Opinion, commentary and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day.

WATCH: Lennar CEO not worried about rising interest rates

June 6, 2013

Stuart Miller the CEO of homebuilder Lennar went on CNBC to attempt to dampen any concerns about rising mortgage rates.

No, it won't tank the homebuilder or the housing recovery.

No, it won't send homebuyers and investors alike running for the exits.

"The fact is, we're just getting to a normal trajectory," Miller says at 1:29, "and housing continues to find its rebound and gain strength."

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