Mortgage interest rates, which have been hovering near record lows for the last two to three months, bumped up this week due to the increased possibility of a Fed rate hike.
Read More »Home Value Appreciation: A Double-Edged Sword
Both current homeowners and renters agree that home values are going to continue to appreciate. However, the effect of home value appreciation on the confidence of each in the housing market is quite different.
Read More »Tapping Home Equity: The Rise of HELOCs
HELOC originations have been consistently on the rise despite a decline in overall originations. What is driving the popularity of HELOCs?
Read More »Bank of America is Getting Close. . .
Having just passed the two-year anniversary of a record RMBS settlement, Bank of America is close to paying off its obligation under the settlement terms.
Read More »Refi Boom, Compliance Keeping Loan Defects Low
The recent spike in mortgage refinances driven by near historically low mortgage rates has benefited the loan production process.
Read More »Summer Months Bring Rise in SFR Vacancies
Higher monthly lease expirations in the summer pushed the vacancy rate upward across nearly 90,000 single-family rental properties, according to one analysis.
Read More »Tight Inventory Can’t Stop Pending Home Sales
Pending home sales in July swelled to their second-highest numbers in more than a decade, in the face of the tight inventory. What drove the increase?
Read More »Recovery? Not in These Markets Yet
Eight years after the crisis, many national housing metrics such as existing-home sales, new home sales, and home price appreciation are experiencing post-crisis highs. Some markets are lagging behind in the recovery, however.
Read More »Bank Lobbyist Urges Senate to Vote on Regulatory Relief
ICBA President and CEO Camden Fine is urging a bipartisan group of 70 senators not to give up in their quest for more regulatory relief for community banks and lenders.
Read More »Mortgages Slipping on CFPB’s Complaint List
As the Consumer Financial Protection Bureau (CFPB) approaches one million complaints handled in its five-year history, mortgages are no longer the most complained-about financial product.
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