Daily Dose

Although HUD's has been instrumental in fighting housing discrimination and poverty, it has failed to meet its original goal to “not only to relieve the symptom of poverty but to cure it and, above all, to prevent it," President Lyndon Johnson said.

Approximately three-quarters of mortgage industry professionals believe that today’s regulatory environment prevents them from lending to creditworthy borrowers.

Wells Fargo recently announced that the company has cut nearly 500 mortgage employees for housing market-related changes.

Home prices appear to be losing some of their spark, slowing down to a marginal increase of 0.3 percent on a seasonally adjusted basis in August compared to last month.

Existing-home sales have reversed the downward trend in recorded in August due to stock market declines, rising 4.7 percent to a seasonally adjusted annual rates of 5.55 million in September, the highest pace since February 2007. The National Association of Realtors reported Thursday that September's rebound in existing–home sales marks a year–over–year increase for 12 consecutive months and all four major regions experienced gains.

Consumers are applying for mortgage loans using more government applications compared to last week, and while the industry adjusts to the TILA-RESPA Integrated Disclosure rule, applications are expected to become more volatile.

As part of Washington’s continued focus on reducing regulatory burden for Main Street, the House Financial Institutions and Consumer Credit Subcommittee convened on Wednesday to discuss a series of recently proposed bills aimed at achieving this goal.

Clear signs of recovery have been recorded in the housing market, but minority borrowers do not seem to be linked to this recovery.

Although millennials are less likely than baby boomers to identify milestone life events that could affect their credit, over half them are checking their credit when taking out a mortgage loan.

Officials of the Obama administration recently rejected investors' calls to reform Fannie Mae and Freddie Mac to end the seven-year conservatorship between the two GSEs.