Daily Dose

The Consumer Financial Protection Bureau issued a bulletin on Tuesday providing guidance to servicers regarding the cancellation and termination of private mortgage insurance.

Banks reported stronger demand for mortgage loans and eased lending standards in a number of categories, suggesting positive growth in the second half of the year, according to the Federal Reserve July 2015 Senior Loan Officer Opinion Survey on Bank Lending Practices.

Recent housing indicators reveal signs of health in the housing market in July, according to Realtor.com’s ‘Advance Read of July Trends,' which draws on residential inventory and demand trends over the first three weeks of the month.

Home prices are edging up once again thanks to pent up buyer demand, affordability, consumer confidence, and an improving labor market.

Freddie Mac's net income soared for the second quarter of 2015, totaling $4.2 billion—nearly nine times the GSE's Q1 net income of $524 million, according to an announcement from Freddie Mac on Tuesday.

North Dakota has been deemed the best location and top performer in terms of economic health, according to Lumesis, Inc. DIVER Geo score results for July 2015.

A recent report the PEW Charitable Trusts found that housing debt is the largest liability for most households, with other debt remaining higher than 1990's levels.

Goldman Sachs has agreed to pay approximately $270 million to resolve claims that it sold billions of dollars worth of faulty residential mortgage-backed securities to investors, according to multiple media reports.

Construction spending has increased for six consecutive months this year and amounted to $482.7 billion during this time period.

Closing costs on a mortgage loan have lowered over the past year, making purchasing a home less costly. According to Bankrate.com research, mortgage closing costs dropped 7 percent over the past year.