According to CoreLogic's August 2015 Market Pulse report, the share of total residential home sales in May 2015 that was made up of all cash sales was 31.9 percent, down from 35.1 percent in May 2014.
Read More »Rising from the Ranks
A growing number of women are making successful careers in the traditionally male-dominated mortgage industry, but the boardroom remains populated primarily by men. This article examines the strides that women have been making in traditionally male-dominated mortgage and financial sectors. Editor's note: This select print feature appears in the August 2015 edition of MReport magazine, available now.
Read More »FDIC Sues Bank of NY Mellon Over $2.06 Billion in Failed RMBS
The Federal Deposit Insurance Corp. has sued Bank of New York Mellon, claiming that the bank breached its duties as bond trustee for $2.06 billion worth of residential mortgage-backed securities purchased by an FDIC-insured bank in Texas which later failed.
Read More »Mortgage Rates Slightly Lower Amid Little Movement in Financial Markets
Fixed mortgage rates changed very little this week compared to last week, with little activity occurring in financial markets, according to Freddie Mac's Primary Mortgage Market Survey.
Read More »Baby Boomer Homeowners Are Remaining in Single-Family Homes, Report Finds
Many people believe that the Baby Boomer generation have started downsizing from their single-family homes to live in apartments. A recent housing insights report from Fannie Mae's Economic & Strategic Research Group challenges this idea, finding that Baby Boomers are not fleeing to apartments but remaining in their homes.
Read More »Existing-Home Sales Soar to Highest Level in Eight Years
Existing-home sales rose higher in July, while low inventory levels and rising prices are the largest factors lowering sales to first-time buyers to their lowest share since January, according to a report from the National Association of Realtors released Thursday.
Read More »Study Examines Housing Policy Impact on Inequality
Housing policy affects income inequality and single-family housing in a number of ways, according to a recent report from the Urban Institute.
Read More »Household Repair Spending Indicates Recovering Housing Market
Home Depot recently revealed its second quarter results revealing that it experienced a record number of transactions in the last three months. Multiple market watchers believe the health of home depot is a sign of the housing market recovery overall, CNNMoney said in a report.
Read More »FHFA Issues Fannie Mae & Freddie Mac Final Affordable Housing Goals Rule
The Federal Housing Finance Agency announced a final rule establishing the housing goals for Fannie Mae and Freddie Mac for both single-family and multifamily housing.
Read More »Fed Rate Hike Still Questionable but Economy Nearly Ready for Increase
The minutes from the July 28-29, 2015 Federal Open Market Committee (FOMC) meeting released Wednesday confirmed that the economy is still unprepared for a hike in the federal funds rate, but the increase is imminent.
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