It all began in early February when a California District Court judge hearing a case against Countrywide Financial Corp. (which was taken over by Bank of America in ...
Read More »Georgia Leads Nation in Poor Money Management
As strange as it may seem, not all Americans are a pro at money management despite it being a skill that impacts their daily lives. WalletHub recently listed ...
Read More »After a Fall, Mortgage Apps Surge Again
Mortgage application volumes had seen a decline as mortgage rates rose steadily averaging 4.4 percent last week. But as rates steadied, application volumes increased with the weekly Mortgage ...
Read More »Freddie Mac Portfolio Up $2.4 Billion
Freddie Mac has released its latest Monthly Volume Summary, which provides information on Freddie Mac's mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. This latest ...
Read More »Pending Home Sales Slip to Their Lowest in Three Years
An overall growing economy, rising incomes, and a strong job market did little to increase the number of buyers signing on the dotted line to achieve their dream ...
Read More »Mortgage Rates, Home Prices on the Upswing
On Tuesday, the Federal Housing Finance Agency released its latest FHFA Index, showing interest rates on conventional purchase-money mortgages on the rise between December 2017 and January 2018. ...
Read More »Demand for Homes Remains Upbeat Despite Headwinds
The demand for housing is on the rise despite headwinds like inventory shortage, increased mortgage rates, and volatile stock markets according to online brokerage firm Redfin, which released ...
Read More »Powell’s Congressional Testimony Backs Further Interest Rate Hikes
On Tuesday, Federal Reserve Chairman Jerome Powell made his first appearance before Congress since being sworn into the role. Remarking on the strengthening U.S. economy, Powell told Congress that “some ...
Read More »Another Tough Home Buying Season on the Way?
Home prices continued their upward climb over the last 12 months, ending 2017 with a growth of 6.3 percent according to the December 2017 data on the S&P ...
Read More »The Cascading Effect of Wages on Home Affordability
The rise in jobs and wages reported by the bureau of labor statistics in late January is affecting the housing market in good ways and bad, according to ...
Read More »